A share price of Mullen Automotive Inc [MULN] is currently trading at $0.36, up 8.08%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MULN shares have gain 44.75% over the last week, with a monthly amount drifted -68.47%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Mullen Automotive Inc experienced fluctuations in its stock price throughout the past year between $0.23 and $96.00. Mullen Automotive Inc [NASDAQ: MULN] shares were valued at $0.36 at the most recent close of the market.
Analyzing the MULN fundamentals
Trailing Twelve Months sales for Mullen Automotive Inc [NASDAQ:MULN] were 0.16M which represents -78.82% decline. Gross Profit Margin for this corporation currently stands at -112.96% with Operating Profit Margin at -2398.34%, Pretax Profit Margin comes in at -3456.64%, and Net Profit Margin reading is -2895.8%. To continue investigating profitability, this company’s Return on Assets is posted at -2.36, Equity is -3.3 and Total Capital is -5.71. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.5.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.2657 points at the first support level, and at 0.1689 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.5172, and for the 2nd resistance point, it is at 0.6719.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Mullen Automotive Inc [NASDAQ:MULN] is 0.53. As well, the Quick Ratio is 0.23, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 90.97, the price to book ratio is 0.17.
Transactions by insiders
Recent insider trading involved POPA CALIN, President – Mullen Automotive, that happened on Jun 06 ’24 when 23223.0 shares were sold. President – Mullen Automotive, POPA CALIN completed a deal on Jun 07 ’24 to sell 1722.0 shares.
