Where Does Mullen Automotive Inc. (MULN) Rank When It Comes To Price-To-Earnings Ratio?

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Mullen Automotive Inc. (NASDAQ:MULN) finished Thursday with an addition of $0.05 to close at $0.26, an upside of 24.38 percent. An average of 148,458,922 shares of common stock have been traded in the last five days. There was a gain of $0.0409 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 207,880,047 shares traded, while the 50-day average volume stands at 227,486,156.

MULN stock has increased by 31.05% in the last month. The company shares reached their 1-month lowest point of $0.1800 on 12/07/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $0.18 and a high of $5.86 in 52 weeks. It has reached a new high 1 time so far this year and lost -94.96% or -$4.9662 in price. In spite of this, the price is down -95.50% from the 52-week high.

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Insider Transactions

MULN stock investors should be aware that Mullen Automotive Inc. (MULN) stock had its last reported insider trading activity 15 days ago on Dec 15. In this transaction, the insider spent $33,000. CEO, President, Michery David, disposed of 750,000 shares at a price of $0.40 on Sep 22. The insider now owns more than $297,375 worth of shares. Prior to that, Pres. Mullen Automotive POPA CALIN went on to Sale 50,000 shares at $0.67 each on Sep 08. An amount of $33,500 was transacted.

Valuation Metrics

Mullen Automotive Inc. (MULN) stock’s beta is 2.41. Other valuation ratios to consider include the price-to-book (PB) ratio at 5.28.

Financial Health

The quick ratio of Mullen Automotive Inc. for the three months ended June 29 was 1.10, and the current ratio was 1.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.28 and a total debt to equity ratio of 0.46 for the quarter ending June 29.

Earnings Surprise

For the three-month period that ended June 29, Mullen Automotive Inc. had $5.26 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$59.47 million in the quarter, while revenues of -$32.57 million were grew 102.12%. The analyst consensus anticipated Mullen Automotive Inc.’s latest quarter earnings to come in at -$0.03 per share, but it turned out to be $0.05, a 266.70% surprise. For the quarter, EBITDA amounted to -$17.73 million. Shareholders own equity worth $509.3 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Mullen Automotive Inc. (MULN) price momentum. RSI 9-day as of the close on 29 December was 58.41%, suggesting the stock is Neutral, with historical volatility in this time frame at 227.14%.

As of today, MULN’s price is $0.2308 +18.35% or $0.0409 from its 5-day moving average. MULN is currently trading +37.32% higher than its 20-day SMA and -67.03% lower than its 100-day SMA. However, the stock’s current price level is +21.90% above the SMA50 and -83.51% below the SMA200.

The stochastic %K and %D were 20.81% and 19.98%, respectively, and the average true range (ATR) was 0.0374. With the 14-day stochastic at 35.14% and the average true range at 0.0383, the RSI (14) stands at 53.68%. The stock has reached -0.0116 on the 9-day MACD Oscillator while the 14-day reading was at -0.0097.

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