In yesterday’s Wall Street session, Mullen Automotive Inc (NASDAQ:MULN) shares traded at $0.27, up 3.05% from the previous session.
MULN stock price is now -78.87% away from the 50-day moving average and -99.79% away from the 200-day moving average. The market capitalization of the company currently stands at $16.68M.
In other news, NOVOA IGNACIO, Director sold 1 shares of the company’s stock on Mar 21 ’24. The stock was sold for $469 at an average price of $469.00. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On May 20 ’24, Chief Accounting Officer BRAGADO CHESTER A. sold 2,738 shares of the business’s stock. A total of $1,262,399 was realized by selling the stock at an average price of $461.07. A total of 23.31% of the company’s stock is owned by insiders.
During the past 12 months, Mullen Automotive Inc has had a low of $0.25 and a high of $987.00. The fifty day moving average price for MULN is $1.3236 and a two-hundred day moving average price translates $127.16325 for the stock.
The latest earnings results from Mullen Automotive Inc (NASDAQ: MULN) was released for 2024-06-30. The net profit margin was -43036.85% and return on equity was -506.73% 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.
