In What Direction Will Mullen Automotive Inc.’s (NASDAQ:MULN) Stock Goes From Here?

Mullen Automotive Inc. (NASDAQ: MULN) closed the day trading at $0.42 up 3.63% from the previous closing price of $0.41. In other words, the price has increased by $+0.0148 from its previous closing price. On the day, 151449838 shares were traded. MULN stock price reached its highest trading level at $0.4450 during the session, while it also had its lowest trading level at $0.4105.

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For a better understanding of MULN, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.16 whereas as Long-Term Debt/Eq ratio is at 0.09.

Upgrades & Downgrades

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 15 when PUCKETT KENT sold 100,000 shares for $0.33 per share. The transaction valued at 33,000 led to the insider holds 0 shares of the business.

Michery David sold 750,000 shares of MULN for $297,375 on Sep 22. The CEO, President now owns 15,843,789 shares after completing the transaction at $0.40 per share. On Sep 08, another insider, POPA CALIN, who serves as the Pres. Mullen Automotive of the company, sold 50,000 shares for $0.67 each. As a result, the insider received 33,500 and left with 9,729 shares of the company.

Stock Price History:

Over the past 52 weeks, MULN has reached a high of $4.18, while it has fallen to a 52-week low of $0.18. The 50-Day Moving Average of the stock is 0.2826, while the 200-Day Moving Average is calculated to be 0.6729.

Shares Statistics:

Over the past 3-months, MULN traded about 220.00M shares per day on average, while over the past 10 days, MULN traded about 226.45M shares per day. A total of 1.70B shares are outstanding, with a floating share count of 1.52B. Insiders hold about 4.90% of the company’s shares, while institutions hold 5.10% stake in the company. Shares short for MULN as of Oct 13, 2022 were 60.25M with a Short Ratio of 168.44M, compared to 50.78M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 10.52% and a Short% of Float of 13.43%.

Earnings Estimates

Current recommendations for the stock of the company come from 0 analysts. On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0 and a low estimate of $0, while EPS last year was -$0.08. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.

Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0. EPS for the following year is $0, with 0 analysts recommending between $0 and $0.

Revenue Estimates

1 analysts predict $37.3M in revenue for the current quarter. It ranges from a high estimate of $37.3M to a low estimate of $37.3M. As of the current estimate, Mullen Automotive Inc.’s year-ago sales were $14.8M, an estimated increase of 152.00% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $37.1M, an increase of 91.10% less than the figure of $152.00% in the same quarter last year. There is a high estimate of $37.1M for the next quarter, whereas the lowest estimate is $37.1M.

A total of 1 analysts have provided revenue estimates for MULN’s current fiscal year. The highest revenue estimate was $131.4M, while the lowest revenue estimate was $131.4M, resulting in an average revenue estimate of $131.4M. In the same quarter a year ago, actual revenue was $65.7M, up 100.00% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $146.3M in the next fiscal year. The high estimate is $146.3M and the low estimate is $146.3M. The average revenue growth estimate for next year is up 11.30% from the average revenue estimate for this year.