The Significance of Moving Averages in Mullen Automotive Inc Inc. (MULN) Price Performance

A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. The metric has seen a significant loss of -99.70% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -98.01%. Over the past 30 days, the price of MULN has leaped by -28.32%. And in the last five days, it has fallen by -1.99%.

The stock of Mullen Automotive Inc (MULN) is currently priced at $0.19. In the last session, the stock climbed significantly, topping out at $0.198 after opening at $0.1768. The day’s lowest price was $0.1751 before the stock closed at $0.17.

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Mullen Automotive Inc ‘s stock market performance has been somewhat erratic. The company’s stock reached a 1-year high price of $107.44 on 01/06/23, while the lowest value for the same period was recorded at $0.17 on 11/16/23.

52-week price history of MULN Stock

Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Mullen Automotive Inc’s current trading price is -99.82% away from its 52-week high, while its distance from the 52-week low is 12.82%. The stock’s price range during this period has varied between$0.17 and $107.44. The Mullen Automotive Inc’s shares, which operate in the Consumer Cyclical, saw a trading volume of around 64.29 million for the day, a figure considerably higher than their average daily volume of 62.24 million over last three months.

Market Capitalization vs. Financial Performance: A Comparative Study

Mullen Automotive Inc (MULN) has experienced a quarterly decline of -69.10% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 79.27M 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 0.7026, with a change in price of -0.7990. Similarly, Mullen Automotive Inc recorded 56,740,609 in trading volume during the last 100 days, posting a change of -80.63%.

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 0.05. Similarly, the long-term debt-to-equity ratio is also 0.01.

MULN Stock Stochastic Average

Mullen Automotive Inc’s raw stochastic average for the past 50 days is presently 3.76%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 11.49%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 5.89% and 4.29%, respectively.

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