Mullen Automotive Inc [NASDAQ: MULN] price plunged by -13.04 percent to reach at -$0.01.
A sum of 83531249 shares traded at recent session while its average daily volume was at 20.18M shares. Mullen Automotive Inc shares reached a high of $0.105 and dropped to a low of $0.0871 until finishing in the latest session at $0.09.
The one-year MULN stock forecast points to a potential upside of 99.64.
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 -37.79. With this latest performance, MULN shares dropped by -94.58% 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.
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 20.77, with the RSI for the last a single of trading hit 0.9960, and the three-weeks RSI is set at 582.2569 for Mullen Automotive Inc [MULN]. The present Moving Average for the last 50 days of trading for this stock 7.6005, while it was recorded at 0.1061 for the last single week of trading, and 472,669.2100 for the last 200 days.
Insight into Mullen Automotive Inc Fundamentals:
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%.
Mullen Automotive Inc (MULN) Capital Structure & Debt Analysis
Mullen Automotive Inc (MULN) Efficiency & Liquidity Metrics
Mullen Automotive Inc (MULN) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Mullen Automotive Inc. (MULN) effectively leverages its workforce, generating an average of -$1131726.8 per employee. The company’s liquidity position is robust, with a Current Ratio of 0.25% and a Quick Ratio of 0.07%, indicating strong ability to cover short-term liabilities.
Mullen Automotive Inc [MULN] Institutonal Ownership Details
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%.
