Market cap of Mullen Automotive Inc. [MULN] reaches 187.00M – now what?

Mullen Automotive Inc. [NASDAQ: MULN] price surged by 8.96 percent to reach at $0.03. The company report on September 21, 2022 that BOLLINGER MOTORS AND WABASH ANNOUNCE JOINT DEVELOPMENT TO PRODUCE LAST-MILE REFRIGERATED DELIVERY ELECTRIC TRUCK.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.


Bollinger Motors, which recently became a majority owned company of Mullen Automotive, Inc. (NASDAQ: MULN), announces today it has teamed up with Wabash, a leading truck body and trailer manufacturer, to develop a stronger, lighter, refrigerated truck body on electric chassis.

Bollinger Motors and Wabash Announce Joint Development to Produce a Last-Mile Refrigerated Delivery Electric Truck.

A sum of 159901997 shares traded at recent session while its average daily volume was at 73.85M shares. Mullen Automotive Inc. shares reached a high of $0.4397 and dropped to a low of $0.33 until finishing in the latest session at $0.40.

Guru’s Opinion on Mullen Automotive Inc. [MULN]:

The Average True Range (ATR) for Mullen Automotive Inc. is set at 0.07 The Price to Book ratio for the last quarter was 8.00, with the Price to Cash per share for the same quarter was set at 0.13.

MULN Stock Performance Analysis:

Mullen Automotive Inc. [MULN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -20.37. With this latest performance, MULN shares dropped by -42.69% in over the last four-week period, additionally sinking by -86.67% over the last 6 months – not to mention a drop of -95.49% 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 26.97, with the RSI for the last a single of trading hit 24.93, and the three-weeks RSI is set at 30.27 for Mullen Automotive Inc. [MULN]. The present Moving Average for the last 50 days of trading for this stock 0.7462, while it was recorded at 0.4144 for the last single week of trading, and 1.9537 for the last 200 days.

Insight into Mullen Automotive Inc. Fundamentals:

Mullen Automotive Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.10.

Mullen Automotive Inc. [MULN] Insider Position Details

There are presently around $14 million, or 6.70% of MULN stock, in the hands of institutional investors. The top three institutional holders of MULN stocks are: VANGUARD GROUP INC with ownership of 12,719,786, which is approximately 1074.802% of the company’s market cap and around 1.40% of the total institutional ownership; BLACKROCK INC., holding 7,874,497 shares of the stock with an approximate value of $3.15 million in MULN stocks shares; and SUSQUEHANNA INTERNATIONAL GROUP, LLP, currently with $1.15 million in MULN stock with ownership of nearly 212.885% of the company’s market capitalization.

Positions in Mullen Automotive Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 59 institutional holders increased their position in Mullen Automotive Inc. [NASDAQ:MULN] by around 29,327,752 shares. Additionally, 24 investors decreased positions by around 3,102,587 shares, while 14 investors held positions by with 1,377,495 shares. The mentioned changes placed institutional holdings at 33,807,834 shares, according to the latest SEC report filing. MULN stock had 37 new institutional investments in for a total of 3,145,379 shares, while 13 institutional investors sold positions of 2,294,891 shares during the same period.


Please enter your comment!
Please enter your name here