MULN’s Stock Journey: What Investors Need to Know About Mullen Automotive Inc’s Performance

Mullen Automotive Inc’s stock has seen a rocky market performance. The company’s stock achieved a 1-year high of $199.71 on 07/10/23, and the lowest price during that time was $2.25, recorded on 07/09/24.

52-week price history of MULN Stock

Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. Mullen Automotive Inc’s current trading price is -98.90% away from its 52-week high, while its distance from the 52-week low is -2.00%. The stock’s price range for this period has remained between $2.25 and $199.71. The Consumer Cyclical sector company’s shares managed to surpass a trading volume of around 1.13 million for the day, which was noticeably lower compared to the shares’ average daily volume of 4.93 million over the last three months.

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Financial Performance and Market Capitalization

Mullen Automotive Inc (MULN) has experienced a quarterly decline of -46.35% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 35.35M and boasts a workforce of 326 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 4.60, with a change in price of -4.75. Similarly, Mullen Automotive Inc recorded 3,334,605 in trading volume during the last 100 days, posting a change of -68.05%.

MULN Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for MULN stands at 0.17. Similarly, the long-term debt-to-equity ratio is also 0.13.

MULN Stock Stochastic Average

As of today, the raw stochastic average of Mullen Automotive Inc over the last 50 days is at 0.88%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 6.33%. Further, the company’s Stochastic %K and %D values for the last 20 days were 5.09% and 5.50%, respectively.

MULN Stock Price Performance Analysis

The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. The metric has seen a significant loss of -84.57% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -83.54%. Over the past 30 days, the price of MULN has leaped by -30.55%. And in the last five days, it has fallen by -8.88%.

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