Mullen Automotive Inc [NASDAQ: MULN] loss -7.04% or -0.14 points to close at $1.85 with a heavy trading volume of 4691679 shares.
The daily chart for MULN points out that the company has recorded -83.23% loss over the past six months.
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If we look at the average trading volume of 5.09M shares, MULN reached to a volume of 4691679 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Mullen Automotive Inc [MULN]:
The Average True Range (ATR) for Mullen Automotive Inc is set at 0.26, with the Price to Sales ratio for MULN stock in the period of the last 12 months amounting to 74.14. 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 2.02.
Trading performance analysis for MULN stock
Mullen Automotive Inc [MULN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -16.67. With this latest performance, MULN shares dropped by -30.71% in over the last four-week period, additionally sinking by -83.23% over the last 6 months – not to mention a drop of -98.69% 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 24.90, with the RSI for the last a single of trading hit 14.50, and the three-weeks RSI is set at 31.96 for Mullen Automotive Inc [MULN]. The present Moving Average for the last 50 days of trading for this stock 3.6013, while it was recorded at 2.0500 for the last single week of trading, and 11.7085 for the last 200 days.
Mullen Automotive Inc [MULN]: A deeper dive into fundamental analysis
Mullen Automotive Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.67 and a Current Ratio set at 1.06.
An analysis of Institutional ownership at Mullen Automotive Inc [MULN]
The top three institutional holders of MULN stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in MULN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in MULN stock with ownership which is approximately 5.1238%.
