Mullen Automotive Inc (MULN): Investing In A Time Of Crisis

Mullen Automotive Inc (NASDAQ:MULN) currently has a daily average trading volume of 1.30M but it saw 2136776 shares traded in last market. With a market cap of 13.51M USD, the company’s current market price of $2.43 came falling about -17.63 while comparing to the previous closing price of $2.95. In past 52 weeks, the stock remained buoying in the range of price level as high as $3599.00 and as low as $2.10. In the recent trading on the day, stock has struck highest price mark of $2.41 while lowest mark touched by it was $2.9.

Taking a look at 20-day trading activity of Mullen Automotive Inc (MULN) gives us an average price of $2.69, while its current price level is -99.93% below from 52-week high level whereas it is 15.66% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $13.16 while that of 200 days or SMA-200 reads an average of $354.27. A closer look into the stock’s movement over the week reveals that its volatility is standing at 19.98% during that period while stretching the period over a month that decreases to 18.35%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 22.22 which implies that the stock is in oversold territory.

Over the week, MULN’s stock price is moving 6.58% up while it is -52.07% when we observe its performance for the past one month. Year-to-date it is -99.83% down and over the past year, the stock is showing a downside performance of -99.89%.

Company’s return on investment (ROI) stands at -977.47% and return on equity (ROE) at -307.11%. Stock’s beta reads 1.72. Stock has a price to book (P/B) ratio of 0.01 while price to sale or P/S ratio amounts to 84.44. Its return on asset (ROA) is -120.53% on average.