Balance Sheet Breakdown: Mullen Automotive Inc (MULN)’s Debt-to-Equity and Long-Term Debt/Eq Ratios

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After finishing at $2.48 in the prior trading day, Mullen Automotive Inc (NASDAQ: MULN) closed at $2.51, up 1.21%. In other words, the price has increased by $1.21 from its previous closing price. On the day, 2.74 million shares were traded. MULN stock price reached its highest trading level at $2.7798 during the session, while it also had its lowest trading level at $2.25.

Ratios:

Our goal is to gain a better understanding of MULN by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.23 and its Current Ratio is at 0.53. In the meantime, Its Debt-to-Equity ratio is 0.50 whereas as Long-Term Debt/Eq ratio is at 0.35.

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 Jun 06 ’24 when POPA CALIN sold 23,223 shares for $3.10 per share. The transaction valued at 71,991 led to the insider holds 286,506 shares of the business.

POPA CALIN sold 1,722 shares of MULN for $5,321 on Jun 07 ’24. The President – Mullen Automotive now owns 284,784 shares after completing the transaction at $3.09 per share.

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 4058971 and an Enterprise Value of 32814856. For the stock, the TTM Price-to-Sale (P/S) ratio is 28.08 while its Price-to-Book (P/B) ratio in mrq is 0.01. Its current Enterprise Value per Revenue stands at 209.586 whereas that against EBITDA is -0.123.

Stock Price History:

Over the past 52 weeks, MULN has reached a high of $4889.00, while it has fallen to a 52-week low of $2.41. The 50-Day Moving Average of the stock is -93.28%, while the 200-Day Moving Average is calculated to be -99.43%.

Shares Statistics:

The stock has traded on average 865.74K shares per day over the past 3-months and 3086520 shares per day over the last 10 days, according to various share statistics. Insiders hold about 14.55% of the company’s shares, while institutions hold 3.21% stake in the company. Shares short for MULN as of 1726185600 were 156367 with a Short Ratio of 0.18, compared to 1723680000 on 58846. Therefore, it implies a Short% of Shares Outstanding of 156367 and a Short% of Float of 9.68.

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