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What Do Analysts Have To Say About Mullen Automotive Inc. (MULN)

Mullen Automotive Inc. (MULN) saw an uptrend of 19.06% in the recent trading with $0.95 being its most recent. The current price level -97.77% lower than the highest price of $42.75 marked by the stock while trading over the past 52-weeks, whereas it is 19.14% higher than the lowest price of $0.80 the company dropped to over past 52-weeks. The latest news story on MULN appeared in (GlobeNewswire) under the title “Mullen Completes Successful Commercial Drive Event and Showcase at 2023 Government Fleet Expo” on May-25-23.

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Squeezing the time span to 30 day period shows us the stock is currently trading -61.88% below one month high and is +32.38% above of the lowest during that time. Looking into the simple moving average, Mullen Automotive Inc. (MULN)’s stock stands at a SMA-50 of $2.1346 while that of 5-day is reading $0.9368.

Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and MULN’s SMA-200 as of now is $7.4370.

Mullen Automotive Inc. Earnings – What Happened With MULN

Coming around sales and income figures on MULN Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.

MULN – Mullen Automotive Inc. Stock Earnings Estimates

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 172.51 million. MULN does have institutional investors; and they hold 5.10% of the stock.

Mullen Automotive Inc. – Insider Activity and Holdings

Moreover, the latest SEC filings also revealed that stock came across 0 new insider purchases involving 0 shares. On the other hand, MULN declared 28,003,505 shares have been sold in 8 insider transactions over the past three months.

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Mullen Automotive Inc. was 0.71 while posting a debt to equity ratio of 0.04. The count was 14.52 for long-term debt to equity ratio.

Technical Analysis of Mullen Automotive Inc. (NASDAQ:MULN) stock

To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Mullen Automotive Inc. (MULN), we notice that the stock’s 20-day average volume is at 33,681,805 shares and 100% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 100% are spotting the stock at Sell with its 50-day average volume of 21,785,869 shares. And to end, MULN’s 100-day average volume is 15,209,115 shares with 100% of the long-term indicators pointing towards Sell for the stock.

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