Should You Sell Mullen Automotive Inc (MULN) And Go Away This Year?

Mullen Automotive Inc (NASDAQ:MULN) currently has a daily average trading volume of 3.04M but it saw 1759852 shares traded in last market. With a market cap of 23.83M USD, the company’s current market price of $2.70 came rising about 5.47 while comparing to the previous closing price of $2.56. In past 52 weeks, the stock remained buoying in the range of price level as high as $2121.00 and as low as $1.60. In the recent trading on the day, stock has struck highest price mark of $2.59 while lowest mark touched by it was $2.8389.

Taking a look at 20-day trading activity of Mullen Automotive Inc (MULN) gives us an average price of $2.37, while its current price level is -99.87% below from 52-week high level whereas it is 68.75% 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 $3.83 while that of 200 days or SMA-200 reads an average of $266.81. A closer look into the stock’s movement over the week reveals that its volatility is standing at 20.73% during that period while stretching the period over a month that decreases to 19.93%. 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 40.05 which implies that the stock is in neutral territory.

Over the week, MULN’s stock price is moving -17.43% down while it is -8.47% when we observe its performance for the past one month. Year-to-date it is -99.81% down and over the past year, the stock is showing a downside performance of -99.86%.

Company’s return on investment (ROI) stands at -977.47% and return on equity (ROE) at -307.11%. Stock’s beta reads 1.80. Stock has a price to book (P/B) ratio of 0.01 while price to sale or P/S ratio amounts to 148.91. Its return on asset (ROA) is -120.53% on average.