Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
In the latest session, Mullen Automotive Inc (NASDAQ: MULN) closed at $0.46 down -9.14% from its previous closing price of $0.51. In other words, the price has decreased by -$9.14 from its previous closing price. On the day, 6.38 million shares were traded. MULN stock price reached its highest trading level at $0.51 during the session, while it also had its lowest trading level at $0.42.
Ratios:
For a deeper understanding of Mullen Automotive Inc’s stock, let’s take a closer look at its various 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jan 25 ’24 when WINTER MARY sold 133 shares for $678.00 per share. The transaction valued at 90,174 led to the insider holds 1 shares of the business.
NOVOA IGNACIO sold 134 shares of MULN for $89,326 on Jan 24 ’24. The Director now owns 1 shares after completing the transaction at $666.61 per share. On Mar 21 ’24, another insider, NOVOA IGNACIO, who serves as the Director of the company, sold 1 shares for $469.00 each. As a result, the insider received 469 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 20442484 and an Enterprise Value of 31991600. For the stock, the TTM Price-to-Sale (P/S) ratio is 127.77 while its Price-to-Book (P/B) ratio in mrq is 0.00. Its current Enterprise Value per Revenue stands at 204.328 whereas that against EBITDA is -0.119.
Stock Price History:
The Beta on a monthly basis for MULN is 2.00, which has changed by -0.99951524 over the last 52 weeks, in comparison to a change of 0.23147523 over the same period for the S&P500. Over the past 52 weeks, MULN has reached a high of $1204.99, while it has fallen to a 52-week low of $0.36. The 50-Day Moving Average of the stock is -74.75%, while the 200-Day Moving Average is calculated to be -99.70%.
Shares Statistics:
For the past three months, MULN has traded an average of 5.71M shares per day and 16285850 over the past ten days. A total of 44.53M shares are outstanding, with a floating share count of 32.79M. Insiders hold about 26.37% of the company’s shares, while institutions hold 0.27% stake in the company. Shares short for MULN as of 1735603200 were 3006736 with a Short Ratio of 0.53, compared to 1732838400 on 1631886. Therefore, it implies a Short% of Shares Outstanding of 3006736 and a Short% of Float of 34.07.
Earnings Estimates
The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0.
