Mullen Automotive Inc (NASDAQ:MULN) price on Thursday, March 20, fall -14.98% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.34.
A look at the stock’s price movement, the close in the last trading session was $0.40, moving within a range at $0.3355 and $0.41. The beta value (5-Year monthly) was 0.925. Turning to its 52-week performance, $47100.00 and $0.37 were the 52-week high and 52-week low respectively. Overall, MULN moved -95.24% over the past month.
Mullen Automotive Inc’s market cap currently stands at around $1.25 million, with investors looking forward to this quarter’s earnings report slated for on 2021-Aug-15.
Turning to the stock’s technical picture we see that short term indicators suggest on average that MULN is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
MULN’s current price about -80.65% and -97.40% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 21.71, while 7-day volatility ratio is 23.73% and 30.00% in the 30-day chart. Further, Mullen Automotive Inc (MULN) has a beta value of 2.46, and an average true range (ATR) of 1.57.
If we refocus on Mullen Automotive Inc (NASDAQ:MULN), historical trading data shows that trading volumes averaged 5.93 over the past 10 days and 2.94 million over the past 3 months. The company’s latest data on shares outstanding shows there are 3.67 million shares.
The 17.43% of Mullen Automotive Inc’s shares are in the hands of company insiders while institutional holders own 2.94% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.11 million on 2025-02-28, giving us a short ratio of 0.23. The data shows that as of 2025-02-28 short interest in Mullen Automotive Inc (MULN) stood at 10608.999999999998 of shares outstanding, with shares short rising to 0.13 million registered in 2025-01-31. Current price change has pushed the stock -99.53% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MULN stock continues to rise going into the next quarter.
