Mullen Automotive Inc (NASDAQ:MULN) shares, rose in value on Wednesday, April 16, with the stock price down by -6.57% to the previous day’s close as strong demand from buyers drove the stock to $1.28.
Actively observing the price movement in the last trading, the stock closed the session at $1.37, falling within a range of $1.12 and $1.389. The value of beta (5-year monthly) was 1.331. Referring to stock’s 52-week performance, its high was $4710000.00, and the low was $1.37. On the whole, MULN has fluctuated by -97.21% over the past month.
With the market capitalization of Mullen Automotive Inc currently standing at about $3.07 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2021-Aug-15.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MULN’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of MULN currently trading nearly -88.98% and -99.64% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 20.84, while the 7-day volatility ratio is showing 28.49% which for the 30-day chart, stands at 41.80%. Furthermore, Mullen Automotive Inc (MULN)’s beta value is 2.74, and its average true range (ATR) is 40.69.
A comparison of Mullen Automotive Inc (MULN) with its peers suggests the former has fared considerably weaker in the market. MULN showed an intraday change of -6.57% in last session, and over the past year, it shrunk by -100.00%%.
Data on historical trading for Mullen Automotive Inc (NASDAQ:MULN) indicates that the trading volumes over the past 10 days have averaged 2.52 and over the past 3 months, they’ve averaged 523.13K.
Nearly 0.00% of Mullen Automotive Inc’s shares belong to company insiders and institutional investors own 0.32% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 49505.0 shares as on 2025-03-31, resulting in a short ratio of 0.12. According to the data, the short interest in Mullen Automotive Inc (MULN) stood at 13614.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 11097.0. The stock has fallen by -99.98% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MULN stock heading into the next quarter.
