Investor Confidence Dwindles After Mullen Automotive Inc. (NASDAQ: MULN) Shares Drop By About -0.12

Mullen Automotive Inc (NASDAQ:MULN) has a beta value of 1.86 and has seen 33.44 million shares traded in the last trading session. The company, currently valued at $14.47M, closed the last trade at $0.32 per share which meant it lost -$0.12 on the day or -26.25% during that session. The MULN stock price is -308337.5% off its 52-week high price of $987.00 and -12.5% below the 52-week low of $0.36. If we look at the company’s 10-day average daily trading volume, we find that it stood at 11.86 million shares traded. The 3-month trading volume is 6.57 million shares.

Mullen Automotive Inc (NASDAQ:MULN) trade information

Sporting -26.25% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the MULN stock price touched $0.32 or saw a rise of 34.02%. Year-to-date, Mullen Automotive Inc shares have moved -72.92%, while the 5-day performance has seen it change -32.15%. Over the past 30 days, the shares of Mullen Automotive Inc (NASDAQ:MULN) have changed -69.63%. Short interest in the company has seen 3.01 million shares shorted with days to cover at 0.61.

Mullen Automotive Inc (MULN) estimates and forecasts

The company’s shares have lost -99.73% over the past 6 months.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 79.12% over the past 5 years.

MULN Dividends

Mullen Automotive Inc is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

Insiders own 74.99% of the company shares, while shares held by institutions stand at 3.31% with a share float percentage of 13.23%. Investors are also buoyed by the number of investors in a company, with Mullen Automotive Inc having a total of 39.0 institutions that hold shares in the company.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Fidelity Extended Market Index Fund . As of Sep 30, 2024 , the former fund manager holds about 0.01% shares in the company for having 2.41 shares of worth $784.0 while later fund manager owns 2.23 shares of worth $725.0 as of Nov 30, 2024 , which makes it owner of about 0.01% of company’s outstanding stock.