The market performance of Mullen Automotive Inc has been somewhat unstable. Over the past year, the company’s stock achieved a high of $2250.00 on 11/13/23, with the lowest value for the same timeframe being $1.60, recorded on 11/08/24.
52-week price history of MULN Stock
A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Mullen Automotive Inc’s current trading price is -99.90% away from its 52-week high, while its distance from the 52-week low is 37.51%. The stock’s price range during this period has fluctuated between $1.60 and $2250.00. Shares of the company, which operates in the Consumer Cyclical sector, recorded a trading volume of around 8.85 million for the day, which was evidently higher than the average daily volume of 1.61 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 -94.13% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 12.24M 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 65.0258, with a change in price of -265.8400. Similarly, Mullen Automotive Inc recorded 1,146,859 in trading volume during the last 100 days, posting a change of -99.19%.
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 0.50. Similarly, the long-term debt-to-equity ratio is also 0.35.
MULN Stock Stochastic Average
The raw stochastic average for Mullen Automotive Inc over the last 50 days is presently at 2.35%. This reflects a drop from the raw stochastic average of the previous 20 days, which was noted at 29.79%. Further, the company’s Stochastic %K and %D values for the last 20 days were 12.77% and 6.77%, respectively.
MULN Stock Price Performance Analysis
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 -99.85% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -99.64%. Over the past 30 days, the price of MULN has leaped by -13.04%. And in the last five days, it has surged by 17.65%.
