Mullen Automotive Inc (NASDAQ: MULN) Now -100.00% Off Its High ($4710000.00), Does Analysts See Headwinds And Risks?

Mullen Automotive Inc (NASDAQ:MULN) currently has a daily average trading volume of 1.12M but it saw 4657641 shares traded in last market. With a market cap of 1.77M USD, the company’s current market price of $0.74 came falling about -0.67 while comparing to the previous closing price of $0.74. In past 52 weeks, the stock remained buoying in the range of price level as high as $4710000.00 and as low as $0.73. In the recent trading on the day, stock has struck highest price mark of $0.6751 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 $5.2122, while its current price level is -100.00% below from 52-week high level whereas it is 1.36% 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 $205.7875 while that of 200 days or SMA-200 reads an average of $124,255.6500. A closer look into the stock’s movement over the week reveals that its volatility is standing at 23.19% during that period while stretching the period over a month that increases to 31.69%. 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 20.87 which implies that the stock is in oversold territory.

Over the week, MULN’s stock price is moving -42.26% down while it is -96.92% when we observe its performance for the past one month. Year-to-date it is -99.99% down and over the past year, the stock is showing a downside performance of -100.00%.

The company is expected to be releasing its next quarterly report on 2021-Aug-15, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Currently, Mullen Automotive Inc’s 0.09% of that held by the insiders while 0.35% of its common stock has been owned by the institutions. Company’s return on equity (ROE) at -950.02%. Stock’s beta reads 2.78. Stock has a price to sale or P/S ratio amounts to 0.44. Its return on asset (ROA) is -184.25% on average.