Mullen Automotive Inc (NASDAQ:MULN) At $1.19: What To Do?

In last trading session, Mullen Automotive Inc (NASDAQ:MULN) saw 2.95 million shares changing hands with its beta currently measuring 1.94. Company’s recent per share price level of $1.19 trading at -$0.13 or -9.85% at ring of the bell on the day assigns it a market valuation of $10.50M. That closing price of MULN’s stock is at a discount of -157042.86% from its 52-week high price of $1870.00 and is indicating a discount of -1.68% from its 52-week low price of $1.21. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.8 million shares which gives us an average trading volume of 3.42 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 -9.85%, in the last five days MULN remained trading in the red while hitting it’s week-highest on Friday, 12/13/24 when the stock touched $1.19 price level, adding 31.61% to its value on the day. Mullen Automotive Inc’s shares saw a change of -99.92% in year-to-date performance and have moved -31.61% in past 5-day. Mullen Automotive Inc (NASDAQ:MULN) showed a performance of -53.52% in past 30-days. Number of shares sold short was 1.63 million shares which calculate 0.32 days to cover the short interests.

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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.

Mullen Automotive Inc (NASDAQ:MULN)’s Major holders

Insiders are in possession of 2.23% of company’s total shares while institution are holding 3.43 percent of that, with stock having share float percentage of 3.51%. Investors also watch the number of corporate investors in a company very closely, which is 3.43% institutions for Mullen Automotive Inc that are currently holding shares of the company.