For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
As of close of business last night, Mullen Automotive Inc’s stock clocked out at $2.60, down -10.65% from its previous closing price of $2.91. In other words, the price has decreased by -$10.65 from its previous closing price. On the day, 0.91 million shares were traded. MULN stock price reached its highest trading level at $2.8876 during the session, while it also had its lowest trading level at $2.57.
Ratios:
To gain a deeper understanding of MULN’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.17 and its Current Ratio is at 1.49. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.04.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 17036422 and an Enterprise Value of 17300824. For the stock, the TTM Price-to-Sale (P/S) ratio is 46.03 while its Price-to-Book (P/B) ratio in mrq is 0.07. Its current Enterprise Value per Revenue stands at 47.27 whereas that against EBITDA is -0.066.
Stock Price History:
Over the past 52 weeks, MULN has reached a high of $2686.50, while it has fallen to a 52-week low of $2.83. The 50-Day Moving Average of the stock is -54.50%, while the 200-Day Moving Average is calculated to be -93.22%.
Shares Statistics:
It appears that MULN traded 717.01K shares on average per day over the past three months and 580140 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 11.69% stake in the company. Shares short for MULN as of 1711584000 were 1395400 with a Short Ratio of 1.95, compared to 1709164800 on 1286009. Therefore, it implies a Short% of Shares Outstanding of 1395400 and a Short% of Float of 25.040000000000003.
Earnings Estimates
The current assessment of Mullen Automotive Inc (MULN) involves the perspectives of Mullen Automotive, Inc. analysts closely monitoring its market dynamics.The consensus estimate for the next quarter is $0.65, with high estimates of $36.50 and low estimates of $3.32.
