Mullen Automotive Inc (NASDAQ: MULN) Drops -57.49% YTD: What’s Next?

Mullen Automotive Inc (NASDAQ:MULN)’s traded shares stood at 5.23 million during the latest session, with the company’s beta value hitting 1.95. At the last check today, the stock’s price was $0.51, to imply an increase of 11.89% or $0.05 in intraday trading. The MULN share’s 52-week high remains $1204.99, putting it -236172.55% down since that peak but still an impressive 29.41% since price per share fell to its 52-week low of $0.36. The company has a valuation of $22.71M, with an average of 15.15 million shares in intraday trading volume over the past 10 days and average of 5.82 million shares over the past 3 months.

Mullen Automotive Inc (NASDAQ:MULN) trade information

After registering a 11.89% upside in the latest session, Mullen Automotive Inc (MULN) has traded red over the past five days. The 5-day price performance for the stock is -23.29%, and -67.72% over 30 days. With these gigs, the year-to-date price performance is -57.49%. Short interest in Mullen Automotive Inc (NASDAQ:MULN) saw shorts transact 3.01 million shares and set a 0.61 days time to cover.

MULN Dividends

Mullen Automotive Inc has its next earnings report out in February. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

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

Mullen Automotive Inc insiders hold 74.99% of total outstanding shares, with institutional holders owning 3.31% of the shares at 13.23% float percentage. In total, 3.31% institutions holds shares in the company.

We also have Vanguard Total Stock Market Index Fund and Fidelity Extended Market Index Fund as the top two Mutual Funds with the largest holdings of the Mullen Automotive Inc (MULN) shares. Going by data provided on Sep 30, 2024, Vanguard Total Stock Market Index Fund holds roughly 2.41 shares. This is just over 0.01% of the total shares, with a market valuation of $1206.0. Data from the same date shows that the other fund manager holds a little less at 2.23, or 0.01% of the shares, all valued at about 1116.0.