Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Mullen Automotive Inc’s current trading price is -99.96% away from its 52-week high, while its distance from the 52-week low is 18.34%. The stock’s price range during this period has varied between $0.36 and $1067.99. The company, active in the Consumer Cyclical sector, saw a trading volume of around 4.59 million for the day, considerably lower average daily volume of 6.02 million observed over the last three months.
Mullen Automotive Inc’s stock has seen a rocky market performance. The company’s stock achieved a 1-year high of $1067.99 on 02/16/24, and the lowest price during that time was $0.36, recorded on 01/13/25.
How Financial Performance Impacts Market Capitalization
Mullen Automotive Inc (MULN) has experienced a quarterly decline of -81.92% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 19.00M.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 4.8428, with a change in price of -35.8334. Similarly, Mullen Automotive Inc recorded 4,406,496 in trading volume during the last 100 days, posting a change of -98.82%.
How MULN’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to 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
As of today, the raw stochastic average of Mullen Automotive Inc over the past 50 days is 1.99%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 6.01%. Additionally, the Stochastic %K and %D values for the company were 8.54% and 9.23%, respectively, over the past 20 days.
MULN Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. This year’s metric has recorded a Price decrease of -64.45%. However, over the past six months, we’ve seen a stronger performance of -99.71%. The price of MULN leaped by -65.32% over the last 30 days. And in the last five days, it has fallen by -15.57%.
