The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Mullen Automotive Inc’s current trading price is -99.87% away from its 52-week high, while its distance from the 52-week low is -9.36%. The stock’s price range for this period has been between $5.13 and $3489.75 The company’s shares, which are part of the Consumer Cyclical sector, had a trading volume of approximately 1.33 million for the day, a number notably lower than the average daily volume of 1.5 million over the last three months.
Mullen Automotive Inc experienced a rather shaky stock market performance. The highest value in the past year was recorded at $3489.75 on 03/31/23 and the lowest value was $5.13 on 03/19/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Mullen Automotive Inc (MULN) has experienced a quarterly decline of -67.93% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 30.46M and boasts a workforce of 326 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 12.87, with a change in price of -25.95. Similarly, Mullen Automotive Inc recorded 1,142,238 in trading volume during the last 100 days, posting a change of -84.80%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for MULN stands at 0.09. Similarly, the long-term debt-to-equity ratio is also 0.04.
MULN Stock Stochastic Average
As of today, Mullen Automotive Inc’s raw stochastic average for the last 50 days stands at 0.96%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 2.44%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 1.22% and 1.56%, respectively.
MULN Stock Price Performance Analysis
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 -67.46%.However, over the last six months, we can see a stronger performance of -92.30%. Over the last 30 days, the price of MULN has leaped by -49.07%. And in the last five days, it has fallen by -29.01%.
