Momentum Is Strong For Mullen Automotive Inc. (NASDAQ: MULN)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Mullen Automotive Inc. (MULN) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.0421, or -10.37%, to $0.3639. Volume reached 4,378,172 shares, with price reaching a high of $0.373 and a low of $0.354. Earlier, Yahoo Finance discussed this stock as it revealed BOLLINGER MOTORS AND WABASH ANNOUNCE JOINT DEVELOPMENT TO PRODUCE LAST-MILE REFRIGERATED DELIVERY ELECTRIC TRUCK.


Top 5 Cheap Stocks to Own Right Now

While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.

Sign up here to get your free report now.

Sponsored

Stocks Info

This NASDAQ-listed company operates within the Auto Manufacturers industry segment, falling under the Consumer Cyclical sector. At the end of the last regular session, the stock closed at $0.37 and fluctuated between $0.4100 as its day high and $0.3595 as its day low. The current market capitalization of Mullen Automotive Inc. is $202.42M. A total of 83.9 million shares were traded on the day, compared to an average of 73.98M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, MULN has seen 0 BUY and 3 SELL insider trades, representing the acquisition of 0 and the disposition of 791,097 shares. Over the last 12 months, there were 19 BUYs and 19 SELLs from insiders. Insiders purchased 3,140,306 shares during that period but sold 3,464,204.

In the most recent transaction, POPA CALIN sold 50,000 shares of MULN for 0.67 per share on Sep 08. After the transaction, the Pres. Mullen Automotive now owns 9,729 company shares. In a previous transaction on Jun 29, Michery David sold 350,000 shares at 1.12 per share. MULN shares that CEO, President owns now total 7,411,066.

Among the insiders who sold shares, Michery David disposed of 150,000 shares on Jun 15 at a per-share price of $1.10. This resulted in the CEO, President holding 7,761,066 shares of MULN after the transaction. In another insider transaction, Michery David sold 750,000 shares at $1.01 per share on May 23. Company shares held by the CEO, President now total 7,911,066.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for MULN in the last 3 months, the mean price target is $23.00 with high estimates of $23.00 and low estimates of $23.00. In terms of 52-week highs and lows, MULN has a high of $15.90 and a low of $0.40.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock.

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

The 5 Best Inflation Stocks for 2022

292
294

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

The 5 Best Inflation Stocks for 2022

100% free. stop anytime no spam

Get our free report on the stocks that we recommend for investors who want to protect their portfolios from inflation.