Mullen Automotive Inc [NASDAQ: MULN] surged by $2.56 during the normal trading session on while it closed the day at $5.72.
Mullen Automotive Inc stock has also gained 124.31% of its value over the past 7 days. However, MULN stock has declined by -26.57% in the 3 months of the year. Over the past six months meanwhile, it has lost -81.76% and lost -59.97% year-on date.
The market cap for MULN stock reached $37.47 million, with 6.55 million shares outstanding and 6.44 million shares in the current float. Compared to the average trading volume of 905.15K shares, MULN reached a trading volume of 67491802 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Mullen Automotive Inc [MULN]:
The Average True Range (ATR) for Mullen Automotive Inc is set at 0.66, with the Price to Sales ratio for MULN stock in the period of the last 12 months amounting to 101.26. The Price to Book ratio for the last quarter was 0.16, with the Price to Cash per share for the same quarter was set at 13.58.
MULN stock trade performance evaluation
Mullen Automotive Inc [MULN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 124.31. With this latest performance, MULN shares gained by 10.00% in over the last four-week period, additionally sinking by -81.76% over the last 6 months – not to mention a drop of -99.63% 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 63.99, with the RSI for the last a single of trading hit 72.82, and the three-weeks RSI is set at 56.26 for Mullen Automotive Inc [MULN]. The present Moving Average for the last 50 days of trading for this stock 5.19, while it was recorded at 3.71 for the last single week of trading, and 32.79 for the last 200 days.
Mullen Automotive Inc [MULN]: An insightful look at the core fundamentals
Mullen Automotive Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.17 and a Current Ratio set at 1.49.
Mullen Automotive Inc [MULN]: Institutional Ownership
The top three institutional holders of MULN stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in MULN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in MULN stock with ownership which is approximately 5.8386%.
