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

Mullen Automotive Inc (NASDAQ:MULN) currently has a daily average trading volume of 4.74M but it saw 10915284 shares traded in last market. With a market cap of 5.87M USD, the company’s current market price of $0.67 came falling about -19.65 while comparing to the previous closing price of $0.83. In past 52 weeks, the stock remained buoying in the range of price level as high as $1495.00 and as low as $0.82. In the recent trading on the day, stock has struck highest price mark of $0.65 while lowest mark touched by it was $0.8.

Taking a look at 20-day trading activity of Mullen Automotive Inc (MULN) gives us an average price of $1.2060, while its current price level is -99.96% below from 52-week high level whereas it is -18.90% 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 $1.9338 while that of 200 days or SMA-200 reads an average of $160.5821. A closer look into the stock’s movement over the week reveals that its volatility is standing at 18.79% during that period while stretching the period over a month that decreases to 17.30%. 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 25.26 which implies that the stock is in oversold territory.

Over the week, MULN’s stock price is moving -44.58% down while it is -70.58% when we observe its performance for the past one month. Year-to-date it is -44.58% down and over the past year, the stock is showing a downside performance of -99.95%.

Currently, Mullen Automotive Inc’s total number of outstanding shares is 8.83M. Company’s return on investment (ROI) stands at -977.47% and return on equity (ROE) at -307.11%. Stock’s beta reads 1.96. Stock has a price to book (P/B) ratio of 0.00 while price to sale or P/S ratio amounts to 36.69. Its return on asset (ROA) is -120.53% on average.