Why Mullen Automotive Inc (NASDAQ: MULN) Should Be On Your Watchlist

During the last session, Mullen Automotive Inc (NASDAQ:MULN)’s traded shares were 4.92 million, with the beta value of the company hitting 2.17. At the end of the trading day, the stock’s price was $1.32, reflecting an intraday loss of -20.00% or -$0.33. The 52-week high for the MULN share is $169182000.00, that puts it down -12816818081.82 from that peak though still a striking -22.73% loss since the share price plummeted to a 52-week low of $1.62. The company’s market capitalization is $3.81M, and the average intraday trading volume over the past 10 days was 5.98 million shares, and the average trade volume was 1.60 million shares over the past three months.

Mullen Automotive Inc (NASDAQ:MULN) trade information

Mullen Automotive Inc (MULN) registered a -20.00% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -20.00% in intraday trading to $1.32, hitting a weekly high. The stock’s 5-day price performance is -72.44%, and it has moved by -96.12% in 30 days. Based on these gigs, the overall price performance for the year is -100.00%. The short interest in Mullen Automotive Inc (NASDAQ:MULN) is 0.15 million shares and it means that shorts have 0.29 day(s) to cover.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 79.12%.

MULN Dividends

Mullen Automotive Inc is due to release its next quarterly earnings on 2021-Aug-16. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

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

Mullen Automotive Inc insiders own 5.98% of total outstanding shares while institutional holders control 3.52%, with the float percentage being 3.74%. SUSQUEHANNA INTERNATIONAL GROUP, LLP is the largest shareholder of the company, while 6.0 institutions own stock in it. As of 2024-06-30, the company held over 2.67 million shares (or 0.0022% of all shares), a total value of $6.4 million in shares.

The next largest institutional holding, with 0.37 million shares, is of VANGUARD GROUP INC’s that is approximately 0.0003% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $0.88 million.

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