Is Mullen Automotive Inc (NASDAQ: MULN) a smart move or a risky gamble for your portfolio?

In the last trading session, 6.37 million Mullen Automotive Inc (NASDAQ:MULN) shares changed hands as the company’s beta touched 2.67. With the company’s per share price at $0.59 changed hands at -$0.1 or -14.49% during last session, the market valuation stood at $1.42M. MULN’s last price was a discount, traded about -798304984.75% off its 52-week high of $4710000.00. The share price had its 52-week low at $0.67, which suggests the last value was -13.56% down since then. When we look at Mullen Automotive Inc’s average trading volume, we note the 10-day average is 5.92 million shares, with the 3-month average coming to 1.24 million.

Mullen Automotive Inc (NASDAQ:MULN) trade information

Instantly MULN was in red as seen at the end of in last trading. With action -32.18%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -99.99%, with the 5-day performance at -32.18% in the red. However, in the 30-day time frame, Mullen Automotive Inc (NASDAQ:MULN) is -96.31% down. Looking at the short shares, we see there were 1.17 million shares sold at short interest cover period of 0.83 days.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 79.12%.

MULN Dividends

Mullen Automotive Inc is expected to release its next quarterly earnings report on 2021-Aug-15.

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

If we look at who the major shareholders are, we find that insiders hold 0.09% of Mullen Automotive Inc shares while 0.35% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 0.35%.

With 70.25 shares estimated at $41449.0 under it, the former controlled 0.03% of total outstanding shares.

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