Following The Money: Institution’s Growing Stake In Mullen Automotive Inc (NASDAQ: MULN)

Mullen Automotive Inc (MULN) concluded trading on Wednesday at a closing price of $4.04, with 94.45 million shares of worth about $381.6 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -99.80% during that period and on Wednesday the price saw a gain of about 71.19%. Currently the company’s common shares owned by public are about 1.08M shares, out of which, 0.86M shares are available for trading.

Stock saw a price change of -43.50% in past 5 days and over the past one month there was a price change of -79.28%. Year-to-date (YTD), MULN shares are showing a performance of -94.39% which decreased to -99.99% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.29 but also hit the highest price of $47100.00 during that period. The average intraday trading volume for Mullen Automotive Inc shares is 290.44K. The stock is currently trading -65.58% below its 20-day simple moving average (SMA20), while that difference is down -88.63% for SMA50 and it goes to -99.93% lower than SMA200.

Mullen Automotive Inc (NASDAQ: MULN) currently have 1.08M outstanding shares and institutions hold larger chunk of about 9.96% of that.

The stock has a current market capitalization of $4.38M and its 3Y-monthly beta is at 2.17. It has posted earnings per share of -$166863.47 in the same period. It has Quick Ratio of 0.07. 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 41.28% while standing at 29.99% over the month.

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