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Mullen Automotive Inc. Inc. (MULN) Price Performance: How Political Factors Affect the Trends

The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. Year to date metric has recorded a loss of -99.06%.However, over the last six months, we can see a stronger performance of -98.01%. Over the last 30 days, the price of MULN has leaped by -23.53%. And in the last five days, it has surged by 36.21%.

At present, Mullen Automotive Inc. (MULN) has a stock price of $0.60. In the previous session, the stock saw a rise, peaking at $0.75 after an opening price of $0.6889. The day’s lowest price was $0.6005, and it closed at $0.68.

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In terms of market performance, Mullen Automotive Inc. had a fairly uneven. The highest value for the stock in the past year was $137.25 on 10/25/22, and the lowest value was recorded at $0.39 on 08/23/23.

52-week price history of MULN Stock

Examining the 52-week high and low prices can provide valuable insights into a stock’s current status and future performance. Mullen Automotive Inc.’s current trading price is -99.56% away from its 52-week high, while its distance from the 52-week low is 54.86%. The stock’s price range during this time has been between $0.39 and $137.25. The trading volume for the Consumer Cyclical sector company’s shares reached about 97.13 million for the day, which was higher than the average daily volume of 63.21 million over the last three months.

Market Capitalization vs. Financial Performance: A Comparative Study

Mullen Automotive Inc. (MULN) has experienced a quarterly decline of -70.69% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 93.28M and boasts a workforce of 118 employees.

Combining Moving Average and Trading Volume Data for Better Market Insight

Based on Barchart.com data, the company’s moving average over the 100-day period was 4.1134, with a change in price of -18.7459. Similarly, Mullen Automotive Inc. recorded 42,986,742 in trading volume during the last 100 days, posting a change of -96.88%.

MULN’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look

The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for MULN stands at 0.03. Similarly, the long-term debt-to-equity ratio is also 0.00.

MULN Stock Stochastic Average

Today, Mullen Automotive Inc.’s raw stochastic average for the past 50 days stands at 13.32%, indicating a decline from the raw stochastic average of the last 20 days, which was 37.55%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 39.15% and 30.67% respectively.

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