Mullen Automotive Inc (NASDAQ:MULN) Stock Ripped -78.87% Year-To-Date, What Will Happen Next?

In recent trading session, Mullen Automotive Inc (NASDAQ:MULN) saw 5.85 million shares changing hands at last check today with its beta currently measuring 1.89. Company’s recent per share price level of $0.25 trading at -$0.04 or -12.59% at last check today assigns it a market valuation of $15.61M. That most recent trading price of MULN’s stock is at a discount of -394700.0% from its 52-week high price of $987.00 and is indicating a discount of -8.0% from its 52-week low price of $0.27. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 12.98 million shares which gives us an average trading volume of 7.55 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 -12.59%, in the last five days MULN remained trading in the red while hitting it’s week-highest on Friday, 01/24/25 when the stock touched $0.25 price level, adding 48.45% to its value on the day. Mullen Automotive Inc’s shares saw a change of -78.87% in year-to-date performance and have moved -37.61% in past 5-day. Mullen Automotive Inc (NASDAQ:MULN) showed a performance of -73.59% in past 30-days. Number of shares sold short was 3.01 million shares which calculate 0.61 days to cover the short interests.

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

Insiders are in possession of 74.99% of company’s total shares while institution are holding 3.31 percent of that, with stock having share float percentage of 13.23%. Investors also watch the number of corporate investors in a company very closely, which is 3.31% institutions for Mullen Automotive Inc that are currently holding shares of the company.

On the other hand, John Hancock Var Ins Tr-Total Stock Market Index Tr and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024, the former fund manager was holding 1.0 shares of worth $0.0 or 0.00% of the total outstanding shares. The later fund manager was in possession of 2.41 shares on Sep 30, 2024, making its stake of worth around $626.0 in the company or a holder of 0.00% of company’s stock.