Mullen Automotive Inc [MULN] stock is trading at $2.98, up 74.27%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MULN shares have gain 59.36% over the last week, with a monthly amount glided 17.79%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Mullen Automotive Inc [MULN] stock has fluctuated between $1.60 and $2250.00 over the past year. Mullen Automotive Inc [NASDAQ: MULN] shares were valued at $2.98 at the most recent close of the market.
Analyzing the MULN fundamentals
Mullen Automotive Inc [NASDAQ:MULN] reported sales of 0.16M for the trailing twelve months, which represents a drop of -78.82%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.5.
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 1.9700 points at the first support level, and at 0.9700 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.7000, and for the 2nd resistance point, it is at 4.4300.
Ratios To Look Out For
For context, Mullen Automotive Inc’s Current Ratio is 0.53. Also, the Quick Ratio is 0.23, while the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 103.58, the price to book ratio is 0.01.
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.
