Mullen Automotive Inc (MULN) Outlook Starting To Look Brighter?

Mullen Automotive Inc (MULN) concluded trading on Wednesday at a closing price of $1.32, with 6.85 million shares of worth about $9.04 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -99.51% during that period and on December 18, 2024 the price saw a gain of about 7.32%. Currently the company’s common shares owned by public are about 8.83M shares, out of which, 8.73M shares are available for trading.

Stock saw a price change of -24.14% in past 5 days and over the past one month there was a price change of -53.19%. Year-to-date (YTD), MULN shares are showing a performance of -99.91% which decreased to -99.88% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.21 but also hit the highest price of $1870.00 during that period. The average intraday trading volume for Mullen Automotive Inc shares is 3.33 million. The stock is currently trading -40.15% below its 20-day simple moving average (SMA20), while that difference is down -43.02% for SMA50 and it goes to -99.33% lower than SMA200.

Mullen Automotive Inc (NASDAQ: MULN) currently have 8.83M outstanding shares and institutions hold larger chunk of about 1.41% of that.

The stock has a current market capitalization of $11.65M and its 3Y-monthly beta is at 1.88. 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 16.42% while standing at 13.83% over the month.

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