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Mullen Automotive Inc (NASDAQ: MULN) closed the day trading at $0.97 down -3.72% from the previous closing price of $1.01. In other words, the price has decreased by -$3.72 from its previous closing price. On the day, 10.42 million shares were traded. MULN stock price reached its highest trading level at $1.0 during the session, while it also had its lowest trading level at $0.9115.
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 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 8582412 and an Enterprise Value of 32197646. For the stock, the TTM Price-to-Sale (P/S) ratio is 51.63 while its Price-to-Book (P/B) ratio in mrq is 0.00. Its current Enterprise Value per Revenue stands at 205.644 whereas that against EBITDA is -0.12.
Stock Price History:
Over the past 52 weeks, MULN has reached a high of $1495.00, while it has fallen to a 52-week low of $0.89. The 50-Day Moving Average of the stock is -52.39%, while the 200-Day Moving Average is calculated to be -99.42%.
Shares Statistics:
Over the past 3-months, MULN traded about 4.39M shares per day on average, while over the past 10 days, MULN traded about 9735010 shares per day. 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 0.53, compared to 1731628800 on 1421322. Therefore, it implies a Short% of Shares Outstanding of 2350433 and a Short% of Float of 26.639998.
