Mullen Automotive Inc [NASDAQ: MULN] price surged by 44.78 percent to reach at $1.87.
The one-year MULN stock forecast points to a potential downside of -16.63.
Guru’s Opinion on Mullen Automotive Inc [MULN]:
The Average True Range (ATR) for Mullen Automotive Inc is set at 0.91, with the Price to Sales ratio for MULN stock in the period of the last 12 months amounting to 106.75. The Price to Book ratio for the last quarter was 0.17, with the Price to Cash per share for the same quarter was set at 13.58.
MULN Stock Performance Analysis:
Mullen Automotive Inc [MULN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.42. With this latest performance, MULN shares gained by 50.75% in over the last four-week period, additionally sinking by -79.83% over the last 6 months – not to mention a drop of -99.54% 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 60.26, with the RSI for the last a single of trading hit 64.19, and the three-weeks RSI is set at 55.91 for Mullen Automotive Inc [MULN]. The present Moving Average for the last 50 days of trading for this stock 4.91, while it was recorded at 5.20 for the last single week of trading, and 29.45 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 1.17 and a Current Ratio set at 1.49.
Mullen Automotive Inc [MULN] Institutonal Ownership Details
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%.
