In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
Mullen Automotive Inc (NASDAQ: MULN) closed the day trading at $5.74 down -4.81% from the previous closing price of $6.03. In other words, the price has decreased by -$4.81 from its previous closing price. On the day, 5.36 million shares were traded. MULN stock price reached its highest trading level at $6.1 during the session, while it also had its lowest trading level at $5.06.
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 ’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 37611176 and an Enterprise Value of 37875580. For the stock, the TTM Price-to-Sale (P/S) ratio is 101.61 while its Price-to-Book (P/B) ratio in mrq is 0.16. Its current Enterprise Value per Revenue stands at 103.485 whereas that against EBITDA is -0.144.
Stock Price History:
Over the past 52 weeks, MULN has reached a high of $1458.00, while it has fallen to a 52-week low of $2.36. The 50-Day Moving Average of the stock is 16.90%, while the 200-Day Moving Average is calculated to be -80.51%.
Shares Statistics:
Over the past 3-months, MULN traded about 3.47M shares per day on average, while over the past 10 days, MULN traded about 17865280 shares per day. 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 11.56% stake in the company. Shares short for MULN as of 1713139200 were 1349008 with a Short Ratio of 0.39, compared to 1710460800 on 930747. Therefore, it implies a Short% of Shares Outstanding of 1349008 and a Short% of Float of 24.209999.
