Mullen Automotive Inc [NASDAQ: MULN] loss -27.45% or 2739999.4 points to close at $2740000.0 with a heavy trading volume of 14576300 shares.
It opened the trading session at $0.562, the shares rose to $0.63 and dropped to $0.4126, the range by which the price of stock traded the whole day. The daily chart for MULN points out that the company has recorded -100.00% loss over the past six months.
If we look at the average trading volume of 2.74M shares, MULN reached to a volume of 14576300 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 -61.11. With this latest performance, MULN shares dropped by -95.96% in over the last four-week period, additionally sinking by -100.00% over the last 6 months – not to mention a drop of -100.00% in the past year of trading.
Mullen Automotive Inc [MULN]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Mullen Automotive Inc [MULN] shares currently have an operating margin of -2757.55% and a Gross Margin at -433.90%. Mullen Automotive Inc’s Net Margin is presently recorded at -4916.31%.
Return on Equity for this stock declined to -233.49%, with Return on Assets sitting at -233.49%.
An analysis of Institutional ownership at Mullen Automotive Inc [MULN]
There are presently around $3.52%, or 3.74% of MULN stock, in the hands of institutional investors. The top three institutional holders of MULN stocks are: SUSQUEHANNA INTERNATIONAL GROUP, LLP with ownership of 2.67 million shares, which is approximately 0.0022%. VANGUARD GROUP INC, holding 0.37 million shares of the stock with an approximate value of $$0.88 million in MULN stocks shares; and VANGUARD GROUP INC, currently with $$0.88 million in MULN stock with ownership which is approximately 0.0003%.
