Is Mullen Automotive Inc (NASDAQ:MULN) A Strong Comeback Candidate At -379515.38% Off Its High?

In last trading session, Mullen Automotive Inc (NASDAQ:MULN) saw 14.21 million shares changing hands with its beta currently measuring 1.89. Company’s recent per share price level of $0.26 trading at -$0.03 or -9.28% at ring of the bell on the day assigns it a market valuation of $16.20M. That closing price of MULN’s stock is at a discount of -379515.38% from its 52-week high price of $987.00 and is indicating a discount of -3.85% 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 -9.28%, 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 $0.26 price level, adding 46.39% to its value on the day. Mullen Automotive Inc’s shares saw a change of -78.08% in year-to-date performance and have moved -35.24% in past 5-day. Mullen Automotive Inc (NASDAQ:MULN) showed a performance of -72.59% in past 30-days. Number of shares sold short was 3.01 million shares which calculate 0.61 days to cover the short interests.

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 79.12% during past 5 years.

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.