Mullen Automotive Inc. (NASDAQ:MULN) does about 227.04M shares in volume on a normal day but saw 183163002 shares change hands in Monday trading. The company now has a market cap of 473.82M USD. Its current market price is $0.30, marking an increase of 2.27% compared to the previous close of $0.29. The 52 week high reached by this stock is $4.18 whilst the lowest price level in 52 weeks is $0.18. The script in recent trading has seen the stock touch a high of $0.3175 and a low of $0.296.
Mullen Automotive Inc. (MULN) has a 20-day trading average at $0.3118 and the current price is -92.78% off the 52-week high compared with 67.61% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.2683 and its 200-day simple moving average is $0.7659. If we look at the stock’s price movements over the week, volatility stands at 13.85%, which increases to 15.41% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 49.75 to suggest the stock is neutral.
0 analysts observing the Mullen Automotive Inc. (MULN) stock have set the 12-month price targets for the company’s shares at between $23.00 and $23.00. The median price target is 98.7% away from the current levels at $23.00.
The current price level is -1.99%, 12.61%, and -61.22% away from its SMA20, SMA50, and SMA200 respectively, with the MULN price moving below the 50-day SMA on January 23. Mullen Automotive Inc. (MULN) stock is down -15.61% over the week and 33.38% over the past month. Its price is 5.49% year-to-date and -91.82% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2021, with the company’s earnings per share (EPS) of $0.05 above consensus estimates by $0.08. The company’s next earnings report is expected on 05/15/2023. Expected sales for next quarter are $37.1 million, which analysts say will come at $131.4 million for the current fiscal year and next year at $146.3 million. In addition, estimates put the company’s current quarterly revenue at an average of $37.3 million.
Its 12-month price target is $23.00. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $23.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $23.00.
Outstanding shares total 1.70B with insiders holding 36.70% of the shares and institutional holders owning 6.65% of the company’s common stock. The beta has a value of 2.43.
According to a U.S. Securities and Exchange Commission filing, Vanguard Total Stock Market Index has added its position in Mullen Automotive Inc. (MULN) to 36,210,051 shares, mirroring a recent increase by 150.17%. Vanguard Total Stock Market Index added 21.74 million shares of Mullen Automotive Inc. common stock bringing its total worth to about $10.36 million at the end of recent close, SEC documents show. Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by iShares Russell 2000 ETF, which sold off 77714.0 shares to end up with 7,446,515 shares worth $2.13 million. Vanguard Extended Market Index Fu cut their holdings by -0.21% in the company over the course of the most recent quarter. It now holds a 0.34% position in Mullen Automotive Inc. thanks to 5.56 million shares amounting to $1.59 million.