Mullen Automotive Inc. (NASDAQ:MULN) shares traded 2.04% higher at $0.16 on Wall Street last session.
As we calculate the median target price by taking the range between a high of $575.00 and a low of $575.00, we find $575.00. Given the previous closing price of $0.16, this indicates a potential upside of 359275.0 percent. MULN stock price is now -74.97% away from the 50-day moving average and -96.73% away from the 200-day moving average. The market capitalization of the company currently stands at $102.60M.
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Brokers who have rated the stock have averaged $575.00 as their price target over the next twelve months.
In other news, New Jonathan, CFO sold 159,066 shares of the company’s stock on Mar 06. The stock was sold for $36,506 at an average price of $0.23. Upon completion of the transaction, the CFO now directly owns 8,611 shares in the company, valued at $1377.76. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 16, CEO, President Michery David sold 14,937,660 shares of the business’s stock. A total of $4,726,276 was realized by selling the stock at an average price of $0.32. This leaves the insider owning 113,665,510 shares of the company worth $18.19 million. Insiders disposed of 59,068,744 shares of company stock worth roughly $9.45 million over the past 1 year. A total of 4.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MULN stock. A new stake in Mullen Automotive Inc. shares was purchased by AQR CAPITAL MANAGEMENT LLC during the first quarter worth $10,000. HAREL INSURANCE INVESTMENTS & FINANCIAL SERVICES LTD. invested $8,000 in shares of MULN during the first quarter. In the first quarter, NWAM LLC acquired a new stake in Mullen Automotive Inc. valued at approximately $6,000. BAADER BANK AKTIENGESELLSCHAFT acquired a new stake in MULN for approximately $2,000. WELLINGTON SHIELDS CAPITAL MANAGEMENT, LLC purchased a new stake in MULN valued at around $2,000 in the second quarter.
Mullen Automotive Inc. (NASDAQ: MULN) opened at $0.1628 on Monday. During the past 12 months, Mullen Automotive Inc. has had a low of $0.10 and a high of $28.50. As of last week, the company has a debt-to-equity ratio of 0.04, a current ratio of 0.80, and a quick ratio of 0.80. The fifty day moving average price for MULN is $0.6100 and a two-hundred day moving average price translates $4.8438 for the stock.
The latest earnings results from Mullen Automotive Inc. (NASDAQ: MULN) was released for Mar, 2023. According to the Auto Manufacturers Company, earnings per share came in at $1.25, beating analysts’ expectations of -$0.75 by 2. This compares to -$157.88 EPS in the same period last year. The company reported revenue of $67.89 million for the quarter, compared to $30.45 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 122.94 percent. For the current quarter, analysts expect MULN to generate $37.3M in revenue.
Mullen Automotive Inc.(MULN) Company Profile
Mullen Automotive, Inc., an electric vehicle company, manufactures and distributes electric vehicles. Its products include passenger electric vehicles and commercial vehicles; and provides solid-state polymer battery technology. The company is headquartered in Brea, California.
