As of Thursday close, Mullen Automotive Inc.’s (NASDAQ:MULN) stock was up $0.07, moving up 8.30 percent to $0.87. The average number of shares traded per day over the past five days has been 57,180,301 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.4438 fall in that time frame. In the last twenty days, the average volume was 63,670,086, while in the previous 50 days, it was 145,394,500.
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Since last month, MULN stock retreated -64.93%. Shares of the company fell to $0.7570 on 05/12/22, the lowest level in the past month. A 52-week high of $15.90 was reached on 01/03/22 after having rallying from a 52-week low of $0.52. Since the beginning of this year, MULN’s stock price has dropped by -83.44% or -$4.3638, and marked a new high 1 time. However, the stock has declined by -94.55% since its 52-week high.
Mullen Automotive Inc. (MULN) last reported insider trading activity 43 days ago on Mar 31. New Jonathan, the Director of the company, disposed of 10,000 shares for $2.99 on Mar 31. It resulted in a $29,902 divestment by the insider. Michery David sold 300,000 shares at an average price of $2.48 on Mar 28. The insider now owns 8,661,066 shares following the transaction. On Mar 18, Director PUCKETT KENT sold 12,456 shares at $3.00 apiece. The transaction was valued at $37,368.
In the three months ended June 29, Mullen Automotive Inc.’s quick ratio stood at 0.50, while its current ratio was 0.50, showing that the company is not able to pay off its debt.
In Mullen Automotive Inc.’s quarter-end financial report for June 29, it reported total debt of $0.24 million. While analysts expected Mullen Automotive Inc. to report -$0.03 quarterly earnings, the actual figure was $0.05 per share, beating the consensus estimate by 266.70%. The liabilities of Mullen Automotive Inc. were 55.91 million at the end of its most recent quarter ended June 29, and its total debt was $21.46 million. The value of shareholders’ equity is $34.94 million.
This quick technical analysis looks at Mullen Automotive Inc.’s (MULN) price momentum. With a historical volatility rate of 118.28%, the RSI 9-day stood at 22.49% on 12 May.
With respect to its five-day moving average, the current Mullen Automotive Inc. price is down by -33.88% percent or -$0.4438. At present, MULN shares trade -63.91% below its 20-day simple moving average and -84.91% percent below its 100-day simple moving average. However, the stock is currently trading approximately -11.49% below its SMA50 and -92.80% below its SMA200.
Stochastic coefficient K was 5.57% and Stochastic coefficient D was 4.61%, while ATR was 0.2058. Given the Stochastic reading of 13.95% for the 14-day period, the RSI (14) reading has been calculated as 29.03%. As of today, the MACD Oscillator reading stands at -0.2515, while the 14-day reading stands at -0.3292.
Mullen Automotive Inc. (MULN) has been rated – by analysts. According to 0 brokerage firms, MULN is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Mullen Automotive Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $23.00, the current consensus forecast for the stock is $23.00 – $23.00. Based on these forecasts, analysts predict Mullen Automotive Inc. (MULN) will achieve an average price target of $23.00.