Mullen Automotive Inc (NASDAQ: MULN) closed the day trading at $7.11 down -2.74% from the previous closing price of $7.31. In other words, the price has decreased by -$0.20 from its previous closing price. On the day, 867298 shares were traded.
Ratios:
For a better understanding of MULN, let’s look at 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:
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 Aug 16 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.
New Jonathan sold 159,066 shares of MULN for $36,506 on Mar 06. The CFO now owns 8,611 shares after completing the transaction at $0.23 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 46.52M and an Enterprise Value of -16.00M. For the stock, the TTM Price-to-Sale (P/S) ratio is 125.87 while its Price-to-Book (P/B) ratio in mrq is 0.20. Its current Enterprise Value per Revenue stands at -43.71 whereas that against EBITDA is 0.02.
Stock Price History:
Over the past 52 weeks, MULN has reached a high of $5573.25, while it has fallen to a 52-week low of $6.36. The 50-Day Moving Average of the stock is 9.48, while the 200-Day Moving Average is calculated to be 134.81.
Shares Statistics:
Over the past 3-months, MULN traded about 1.51M shares per day on average, while over the past 10 days, MULN traded about 783.89k shares per day. A total of 6.55M shares are outstanding, with a floating share count of 6.43M. Insiders hold about 1.87% of the company’s shares, while institutions hold 11.71% stake in the company. Shares short for MULN as of Feb 15, 2024 were 1.25M with a Short Ratio of 0.83, compared to 974.04k on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 19.10% and a Short% of Float of 22.46%.
Earnings Estimates
Current recommendations for the stock of the company come from 1 analysts. On average, analysts expect EPS of $3,600 for the current quarter, with a high estimate of $3,600 and a low estimate of $3,600, while EPS last year was -$1,800. The consensus estimate for the next quarter is $2,925, with high estimates of $2,925 and low estimates of $2,925.
Analysts are recommending an EPS of between $4,275 and $4,275 for the fiscal current year, implying an average EPS of $4,275. EPS for the following year is $0, with 0 analysts recommending between $0 and $0.
Revenue Estimates
1 analysts predict $37.3M in revenue for the current quarter. 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 $14.8M, an estimated increase of 152.00% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $37.1M, an increase of 91.10% less than the figure of $152.00% in the same quarter last year. 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 $65.7M, up 100.00% from the average estimate. Based 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. The average revenue growth estimate for next year is up 11.30% from the average revenue estimate for this year.
