Mullen Automotive Inc. [MULN] Is Currently 3.25 below its 200 Period Moving Avg: What Does This Mean?


Mullen Automotive Inc. [NASDAQ: MULN] jumped around 0.04 points on Friday, while shares priced at $1.27 at the close of the session, up 3.25%. The company report on June 2, 2022 that Mullen Automotive CEO to Be Featured on Benzinga’s ‘All Access’ Series.

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David Michery, CEO and chairman of Mullen Automotive, to be interviewed Friday, June 3, 2022, at 11 a.m. ET.

via InvestorWire — Mullen Automotive, Inc. (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces today that David Michery, CEO and chairman of Mullen Automotive, will be featured on Benzinga’s All Access Series on Friday, June 3, 2022, at 11 a.m. Eastern time.

Mullen Automotive Inc. stock is now -75.72% down from its year-to-date (YTD) trading value. MULN Stock saw the intraday high of $1.40 and lowest of $1.24 per share. The company’s 52-week high price is 15.90, which means current price is +144.23% above from all time high which was touched on 01/03/22.

Compared to the average trading volume of 131.82M shares, MULN reached a trading volume of 94157247 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Mullen Automotive Inc. [MULN]?

The Average True Range (ATR) for Mullen Automotive Inc. is set at 0.18 The Price to Book ratio for the last quarter was 1.32, with the Price to Cash per share for the same quarter was set at 0.20.

How has MULN stock performed recently?

Mullen Automotive Inc. [MULN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 29.59. With this latest performance, MULN shares dropped by -1.55% in over the last four-week period, additionally sinking by -80.73% over the last 6 months – not to mention a drop of -88.27% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MULN stock in for the last two-week period is set at 50.24, with the RSI for the last a single of trading hit 55.30, and the three-weeks RSI is set at 47.13 for Mullen Automotive Inc. [MULN]. The present Moving Average for the last 50 days of trading for this stock 1.6659, while it was recorded at 1.2572 for the last single week of trading, and 5.1394 for the last 200 days.

Mullen Automotive Inc. [MULN]: Deeper insight into the fundamentals

Mullen Automotive Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.90 and a Current Ratio set at 1.90.

Insider trade positions for Mullen Automotive Inc. [MULN]

There are presently around $10 million, or 2.30% of MULN stock, in the hands of institutional investors. The top three institutional holders of MULN stocks are: VANGUARD GROUP INC with ownership of 1,082,717, which is approximately 475.91% of the company’s market cap and around 2.60% of the total institutional ownership; SUSQUEHANNA INTERNATIONAL GROUP, LLP, holding 917,153 shares of the stock with an approximate value of $1.17 million in MULN stocks shares; and HRT FINANCIAL LP, currently with $1.02 million in MULN stock with ownership of nearly New of the company’s market capitalization.

52 institutional holders increased their position in Mullen Automotive Inc. [NASDAQ:MULN] by around 6,664,527 shares. Additionally, 9 investors decreased positions by around 242,266 shares, while 6 investors held positions by with 673,876 shares. The mentioned changes placed institutional holdings at 7,580,669 shares, according to the latest SEC report filing. MULN stock had 35 new institutional investments in for a total of 3,408,881 shares, while 8 institutional investors sold positions of 241,196 shares during the same period.