In last trading session, Mullen Automotive Inc (NASDAQ:MULN) saw 5.82 million shares changing hands with its beta currently measuring 1.95. Company’s recent per share price level of $4.91 trading at -$1.38 or -21.94% at ring of the bell on the day assigns it a market valuation of $32.16M. That closing price of MULN’s stock is at a discount of -45724.85% from its 52-week high price of $2250.00 and is indicating a premium of 51.93% from its 52-week low price of $2.36. Taking a look at company’s average trading volume volume of 2.83 million if we extend that period to 3-months.
Mullen Automotive Inc (NASDAQ:MULN) trade information
Upright in the red during last session for losing -21.94%, in the last five days MULN remained trading in the green while hitting it’s week-highest on Tuesday, 04/30/24 when the stock touched $4.91 price level, adding 34.09% to its value on the day. Mullen Automotive Inc’s shares saw a change of -65.64% in year-to-date performance and have moved 30.24% in past 5-day. Mullen Automotive Inc (NASDAQ:MULN) showed a performance of 5.36% in past 30-days.
Mullen Automotive Inc (MULN) estimates and forecasts
This year revenue growth is estimated to rise 100.00% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $37.3 million for the same. And 1 analysts are in estimates of company making revenue of $37.1 million in the next quarter that will end on Dec 2021. Company posted $14.8 million and $19.41 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 152.00% while estimating it to be 91.10% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 44.05% during past 5 years.
MULN Dividends
Mullen Automotive Inc is more likely to be releasing its next quarterly report in June and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
