Ideas And Forecasts On Mullen Automotive Inc (NASDAQ: MULN)

Mullen Automotive Inc (NASDAQ:MULN) currently has a daily average trading volume of 1.45M but it saw 1318999 shares traded in last market. With a market cap of 12.96M USD, the company’s current market price of $2.33 came rising about 0.87 while comparing to the previous closing price of $2.31. In past 52 weeks, the stock remained buoying in the range of price level as high as $3400.00 and as low as $2.10. In the recent trading on the day, stock has struck highest price mark of $2.3 while lowest mark touched by it was $2.5.

Taking a look at 20-day trading activity of Mullen Automotive Inc (MULN) gives us an average price of $2.47, while its current price level is -99.93% below from 52-week high level whereas it is 10.90% 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 $10.45 while that of 200 days or SMA-200 reads an average of $322.76. A closer look into the stock’s movement over the week reveals that its volatility is standing at 11.92% during that period while stretching the period over a month that increases to 16.50%. 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 23.92 which implies that the stock is in oversold territory.

Over the week, MULN’s stock price is moving -4.12% down while it is -27.64% when we observe its performance for the past one month. Year-to-date it is -99.84% down and over the past year, the stock is showing a downside performance of -99.91%.

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 81.00. Its return on asset (ROA) is -120.53% on average.