In today’s recent session, 0.73 million shares of the Mullen Automotive Inc (NASDAQ:MULN) have been traded, and its beta is 2.18. Most recently the company’s share price was $2.40, and it changed around -$0.2 or -7.69% from the last close, which brings the market valuation of the company to $15.72M. MULN at last check was trading at a discount to its 52-week high of $2686.50, offering almost -111837.5% off that amount. The share price’s 52-week low was $2.57, which indicates that the recent value has fallen by an impressive -7.08% since then. We note from Mullen Automotive Inc’s average daily trading volume that its 3-month average coming to 707.60K.

Mullen Automotive Inc (NASDAQ:MULN) trade information

Instantly MULN has been showing red trend so far today with a performance of -7.69% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently down -83.21% year-to-date, but still down -25.70% over the last five days. On the other hand, Mullen Automotive Inc (NASDAQ:MULN) is -47.48% down in the 30-day period.

Mullen Automotive Inc (MULN) estimates and forecasts

The year-over-year growth rate is expected to be 100.00%, up from the previous year.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of $37.3 million in revenue for the current quarter. 1 analysts expect Mullen Automotive Inc to make $37.1 million in revenue for the quarter ending Dec 2021. The company’s sales for the same quarters a year ago were $14.8 million and $19.41 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 152.00%. Forecasts for the next quarter put sales growth at 91.10%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 44.05%.