Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
After finishing at $0.26 in the prior trading day, Mullen Automotive Inc (NASDAQ: MULN) closed at $0.29, up 8.63%. In other words, the price has increased by $8.63 from its previous closing price. On the day, 75.71 million shares were traded. MULN stock price reached its highest trading level at $0.399 during the session, while it also had its lowest trading level at $0.2598.
Ratios:
Our goal is to gain a better understanding of MULN by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.14 and its Current Ratio is at 0.34.
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 Mar 21 ’24 when NOVOA IGNACIO sold 1 shares for $469.00 per share. The transaction valued at 469 led to the insider holds 0 shares of the business.
BRAGADO CHESTER A. sold 2,738 shares of MULN for $1,262,399 on May 20 ’24. The Chief Accounting Officer now owns 0 shares after completing the transaction at $461.07 per share. On Jun 06 ’24, another insider, POPA CALIN, who serves as the President – Mullen Automotive of the company, sold 23,223 shares for $3.10 each. As a result, the insider received 71,991 and left with 286,506 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 17655982 and an Enterprise Value of 31984214. For the stock, the TTM Price-to-Sale (P/S) ratio is 16.20. Its current Enterprise Value per Revenue stands at 204.281 whereas that against EBITDA is -0.119.
Stock Price History:
The Beta on a monthly basis for MULN is 1.86, which has changed by -0.9995766 over the last 52 weeks, in comparison to a change of 0.22208416 over the same period for the S&P500. Over the past 52 weeks, MULN has reached a high of $987.00, while it has fallen to a 52-week low of $0.25. The 50-Day Moving Average of the stock is -79.21%, while the 200-Day Moving Average is calculated to be -99.78%.
Shares Statistics:
The stock has traded on average 7.77M shares per day over the past 3-months and 20310850 shares per day over the last 10 days, according to various share statistics. A total of 61.78M shares are outstanding, with a floating share count of 47.38M. Insiders hold about 23.31% of the company’s shares, while institutions hold 7.16% stake in the company. Shares short for MULN as of 1735603200 were 3006736 with a Short Ratio of 0.43, compared to 1732838400 on 1631886. Therefore, it implies a Short% of Shares Outstanding of 3006736 and a Short% of Float of 34.07.
