Mullen Automotive Inc (NASDAQ: MULN) Emerges As Guiding Light For Investors

Mullen Automotive Inc (NASDAQ:MULN) currently has a daily average trading volume of 1.70M but it saw 10478609 shares traded in last market. With a market cap of 0.92M USD, the company’s current market price of $0.38 came falling about -2.51 while comparing to the previous closing price of $0.39. In past 52 weeks, the stock remained buoying in the range of price level as high as $4710000.00 and as low as $0.35. In the recent trading on the day, stock has struck highest price mark of $0.3547 while lowest mark touched by it was $0.4499.

Taking a look at 20-day trading activity of Mullen Automotive Inc (MULN) gives us an average price of $2.3891, while its current price level is -100.00% below from 52-week high level whereas it is 8.63% 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 $84.6783 while that of 200 days or SMA-200 reads an average of $92,395.6710. A closer look into the stock’s movement over the week reveals that its volatility is standing at 22.67% during that period while stretching the period over a month that increases to 26.35%. 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 20.95 which implies that the stock is in oversold territory.

Over the week, MULN’s stock price is moving -48.56% down while it is -96.45% 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 2.63. Stock has a price to sale or P/S ratio amounts to 0.23. Its return on asset (ROA) is -184.25% on average.

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