Stocks of Mullen Automotive Inc (NASDAQ:MULN) traded higher last session on Wall Street, down -3.72% to $0.97.
MULN stock price is now -52.39% away from the 50-day moving average and -99.42% away from the 200-day moving average. The market capitalization of the company currently stands at $8.26M.
In other news, NOVOA IGNACIO, Director sold 134 shares of the company’s stock on Jan 24 ’24. The stock was sold for $89,326 at an average price of $666.61. Upon completion of the transaction, the Director now directly owns 1 shares in the company, valued at $0.97. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 21 ’24, Director NOVOA IGNACIO sold 1 shares of the business’s stock. A total of $469 was realized by selling the stock at an average price of $469.00. A total of 1.12% of the company’s stock is owned by insiders.
During the past 12 months, Mullen Automotive Inc has had a low of $0.89 and a high of $1495.00. As of last week, the company has a debt-to-equity ratio of 0.50, a current ratio of 0.53, and a quick ratio of 0.23. The fifty day moving average price for MULN is $2.0422 and a two-hundred day moving average price translates $167.2698 for the stock.
The latest earnings results from Mullen Automotive Inc (NASDAQ: MULN) was released for 2024-06-30. The net profit margin was -295134.94% and return on equity was -307.11% for MULN. The company reported revenue of $65000.0 for the quarter, compared to $0.31 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -78.9 percent.
