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Mullen Automotive Inc (NASDAQ: MULN) closed the day trading at $1.65 down -6.25% from the previous closing price of $1.76. In other words, the price has decreased by -$6.25 from its previous closing price. On the day, 1.2 million shares were traded. MULN stock price reached its highest trading level at $1.8099 during the session, while it also had its lowest trading level at $1.6.
Ratios:
For a better understanding of MULN, let’s 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 9735148 and an Enterprise Value of 32469642. For the stock, the TTM Price-to-Sale (P/S) ratio is 53.73 while its Price-to-Book (P/B) ratio in mrq is 0.01. Its current Enterprise Value per Revenue stands at 207.381 whereas that against EBITDA is -0.121.
Stock Price History:
Over the past 52 weeks, MULN has reached a high of $2797.00, while it has fallen to a 52-week low of $1.71. The 50-Day Moving Average of the stock is -74.46%, while the 200-Day Moving Average is calculated to be -99.44%.
Shares Statistics:
Over the past 3-months, MULN traded about 1.58M shares per day on average, while over the past 10 days, MULN traded about 1442680 shares per day. Insiders hold about 5.50% of the company’s shares, while institutions hold 1.36% stake in the company. Shares short for MULN as of 1728950400 were 1071181 with a Short Ratio of 0.68, compared to 1726185600 on 156367. Therefore, it implies a Short% of Shares Outstanding of 1071181 and a Short% of Float of 19.27.
