Mullen Automotive Inc (NASDAQ:MULN) traded at $5.72 at close of the session on Monday, April 29, made an upward move of 81.01% on its previous day’s price.
Looking at the stock we see that its previous close was $3.16. In terms of its 52-week price range, MULN has a high of $2250.00 and a low of $2.36. The company’s stock has gained about 10.00% over that past 30 days.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $37.3 million, with a low of $37.3 million and a high of $37.3 million. The median projection represents growth squeezing down to 152.00% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2021 is expected to hit $131.4 million, or 100.00% up from figures reported last year.
On the other hand, looking at the outlook for the MULN stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is 58.26% off its SMA20 and 9.43% from its 50-day simple moving average. The RSI (14) is pointing at 63.99 while the volatility over the past week is 31.83% and jumps to 14.54% over the past one month. The beta value is 2.13, while the average true range (ATR) is currently pointing at 0.66.
Coming back to Mullen Automotive Inc (NASDAQ:MULN), we note that the average 3-month trading volume was 905.15K. Current shares outstanding are 6.55 million.
The insiders hold 1.68% of the company’s shares while institutions hold 11.68%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -59.97% down in year-to-date price movement.
