As of Wednesday close, Mullen Automotive Inc.’s (NASDAQ:MULN) stock was down -$0.03, moving down -10.01 percent to $0.20. The average number of shares traded per day over the past five days has been 192,311,844 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.0613 fall in that time frame. In the last twenty days, the average volume was 203,639,563, while in the previous 50 days, it was 169,643,125.
Since last month, MULN stock retreated -59.67%. Shares of the company fell to $0.2000 on 11/23/22, the lowest level in the past month. A 52-week high of $9.83 was reached on 01/03/22 after having rallying from a 52-week low of $0.21. Since the beginning of this year, MULN’s stock price has dropped by -96.08% or -$5.0251, and marked a new high 1 time. However, the stock has declined by -97.92% since its 52-week high.
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MULN stock investors should be aware that Mullen Automotive Inc. (MULN) stock had its last reported insider trading activity 64 days ago on Sep 22. Michery David, the CEO, President of the company, disposed of 750,000 shares for $0.40 on Sep 22. It resulted in a $297,375 divestment by the insider. POPA CALIN sold 50,000 shares at an average price of $0.67 on Sep 08. The insider now owns 9,729 shares following the transaction. On Aug 26, Director NOVOA IGNACIO bought 2,500 shares at $0.67 apiece. The transaction was valued at $1,675.
In the three months ended June 29, Mullen Automotive Inc.’s quick ratio stood at 1.10, while its current ratio was 1.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.28, and the total debt-to-equity ratio was 0.46.
In Mullen Automotive Inc.’s quarter-end financial report for June 29, it reported total debt of $5.26 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. 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%. During the quarter, the company generated -$17.73 million in EBITDA. The liabilities of Mullen Automotive Inc. were 65.11 million at the end of its most recent quarter ended June 29, and its total debt was $10.92 million. The value of shareholders’ equity is $509.3 million.
This quick technical analysis looks at Mullen Automotive Inc.’s (MULN) price momentum. With a historical volatility rate of 129.59%, the RSI 9-day stood at 26.56% on 23 November.
With respect to its five-day moving average, the current Mullen Automotive Inc. price is down by -23.03% percent or -$0.0613. At present, MULN shares trade -62.06% below its 20-day simple moving average and -79.31% percent below its 100-day simple moving average. However, the stock is currently trading approximately -61.42% below its SMA50 and -90.38% below its SMA200.
Stochastic coefficient K was 3.42% and Stochastic coefficient D was 5.25%, while ATR was 0.0427. Given the Stochastic reading of 3.77% for the 14-day period, the RSI (14) reading has been calculated as 32.61%. As of today, the MACD Oscillator reading stands at -0.0367, while the 14-day reading stands at -0.0434.
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.