Some Investing Thoughts On Mullen Automotive Inc (NASDAQ: MULN)

Mullen Automotive Inc (MULN) concluded trading on Thursday at a closing price of $3.20, with 3.25 million shares of worth about $10.41 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -99.20% during that period and on November 21, 2024 the price saw a gain of about 18.52%. Currently the company’s 8.67M shares are available for trading.

Stock saw a price change of -7.25% in past 5 days and over the past one month there was a price change of 31.69%. Year-to-date (YTD), MULN shares are showing a performance of -99.78% which decreased to -99.82% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.60 but also hit the highest price of $2121.00 during that period. The average intraday trading volume for Mullen Automotive Inc shares is 3.06 million. The stock is currently trading 33.31% above its 20-day simple moving average (SMA20), while that difference is down -10.11% for SMA50 and it goes to -98.79% lower than SMA200.

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The stock has a current market capitalization of $28.24M and its 3Y-monthly beta is at 1.81. It has posted earnings per share of -$10260.49 in the same period. It has Quick Ratio of 0.23 while making debt-to-equity ratio of 0.50. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MULN, volatility over the week remained 21.22% while standing at 20.30% over the month.

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