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After finishing at $1.06 in the prior trading day, Mullen Automotive Inc (NASDAQ: MULN) closed at $0.96, down -9.43%. In other words, the price has decreased by -$9.43 from its previous closing price. On the day, 9.23 million shares were traded. MULN stock price reached its highest trading level at $1.11 during the session, while it also had its lowest trading level at $0.8935.
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 Jan 24 ’24 when NOVOA IGNACIO sold 134 shares for $666.61 per share. The transaction valued at 89,326 led to the insider holds 1 shares of the business.
NOVOA IGNACIO sold 1 shares of MULN for $469 on Mar 21 ’24. The Director now owns 0 shares after completing the transaction at $469.00 per share. On May 20 ’24, another insider, BRAGADO CHESTER A., who serves as the Chief Accounting Officer of the company, sold 2,738 shares for $461.07 each. As a result, the insider received 1,262,399 and left with 0 shares of the company.
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 8472969 and an Enterprise Value of 32192668. For the stock, the TTM Price-to-Sale (P/S) ratio is 47.94 while its Price-to-Book (P/B) ratio in mrq is 0.00. Its current Enterprise Value per Revenue stands at 205.612 whereas that against EBITDA is -0.12.
Stock Price History:
Over the past 52 weeks, MULN has reached a high of $1799.00, while it has fallen to a 52-week low of $1.01. The 50-Day Moving Average of the stock is -55.83%, while the 200-Day Moving Average is calculated to be -99.46%.
Shares Statistics:
The stock has traded on average 3.51M shares per day over the past 3-months and 3693800 shares per day over the last 10 days, according to various share statistics. A total of 8.83M shares are outstanding, with a floating share count of 8.73M. Insiders hold about 1.12% of the company’s shares, while institutions hold 1.41% stake in the company. Shares short for MULN as of 1734048000 were 2350433 with a Short Ratio of 0.67, compared to 1731628800 on 1421322. Therefore, it implies a Short% of Shares Outstanding of 2350433 and a Short% of Float of 26.639998.
