Analytical Lens: Exploring Mullen Automotive Inc (MULN)’s Financial Story Through Ratios

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The closing price of Mullen Automotive Inc (NASDAQ: MULN) was $5.60 for the day, down -8.65% from the previous closing price of $6.13. In other words, the price has decreased by -$8.65 from its previous closing price. On the day, 2.56 million shares were traded. MULN stock price reached its highest trading level at $6.3211 during the session, while it also had its lowest trading level at $5.35.

Ratios:

Our analysis of MULN’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.67 and its Current Ratio is at 1.06. In the meantime, Its Debt-to-Equity ratio is 0.17 whereas as Long-Term Debt/Eq ratio is at 0.13.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 16 ’23 when Michery David bought 102,040 shares for $0.98 per share. The transaction valued at 100,428 led to the insider holds 1,322,083 shares of the business.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MULN now has a Market Capitalization of 36693832 and an Enterprise Value of 36958232. For the stock, the TTM Price-to-Sale (P/S) ratio is 91.70 while its Price-to-Book (P/B) ratio in mrq is 0.47. Its current Enterprise Value per Revenue stands at 100.979 whereas that against EBITDA is -0.141.

Stock Price History:

The Beta on a monthly basis for MULN is 1.89, which has changed by -0.99477124 over the last 52 weeks, in comparison to a change of 0.2644323 over the same period for the S&P500. Over the past 52 weeks, MULN has reached a high of $1341.00, while it has fallen to a 52-week low of $2.36. The 50-Day Moving Average of the stock is 16.67%, while the 200-Day Moving Average is calculated to be -78.55%.

Shares Statistics:

MULN traded an average of 4.30M shares per day over the past three months and 9072380 shares per day over the past ten days. A total of 6.55M shares are outstanding, with a floating share count of 6.44M. Insiders hold about 1.68% of the company’s shares, while institutions hold 12.61% stake in the company. Shares short for MULN as of 1714435200 were 1540554 with a Short Ratio of 0.36, compared to 1711584000 on 1395400. Therefore, it implies a Short% of Shares Outstanding of 1540554 and a Short% of Float of 27.650000000000002.

Earnings Estimates

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 -$1800. 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.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 1 analysts. 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 $14.8MFor the next quarter, 1 analysts are estimating revenue of $37.1M. 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 $65.7MBased 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.

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