Mullen Automotive Inc (NASDAQ:MULN) At $0.74: Does It Look Expensive?

In last trading session, Mullen Automotive Inc (NASDAQ:MULN) saw 4.66 million shares changing hands with its beta currently measuring 2.78. Company’s recent per share price level of $0.74 trading at $0.0 or -0.67% at ring of the bell on the day assigns it a market valuation of $1.78M. That closing price of MULN’s stock is at a discount of -636486386.49% from its 52-week high price of $4710000.00 and is indicating a premium of 1.35% from its 52-week low price of $0.73. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.45 million shares which gives us an average trading volume of 1.12 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 -0.67%, in the last five days MULN remained trading in the red while hitting it’s week-highest on Thursday, 04/17/25 when the stock touched $0.74 price level, adding 38.79% to its value on the day. Mullen Automotive Inc’s shares saw a change of -99.99% in year-to-date performance and have moved -42.26% in past 5-day. Mullen Automotive Inc (NASDAQ:MULN) showed a performance of -96.92% in past 30-days. Number of shares sold short was 49505.0 shares which calculate 0.12 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 0.09% of company’s total shares while institution are holding 0.35 percent of that, with stock having share float percentage of 0.35%. Investors also watch the number of corporate investors in a company very closely, which is 0.35% institutions for Mullen Automotive Inc that are currently holding shares of the company.

On the other hand, iShares Trust-iShares Micro-Cap ETF and Fidelity Concord Street Trust-Fidelity Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Mar 31, 2025 , the former fund manager was holding 70.25 shares of worth $51924.0 or 0.03% of the total outstanding shares. The later fund manager was in possession of 37.0 shares on Feb 28, 2025 , making its stake of worth around $27.0 in the company or a holder of 0.00% of company’s stock.

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