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Tuesday, January 31, 2023

Is Mullen Automotive Inc. (NASDAQ: MULN) Still On The Rise?

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 -$0.0036, or -1.12%, to $0.3179. The Mullen Automotive Inc. has recorded 7,346,716 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted I-GO™ Arrives in Europe.


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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 $0.32 and fluctuated between $0.3300 as its day high and $0.2900 as its day low. The current market capitalization of Mullen Automotive Inc. is $492.03M. A total of 217.14 million shares were traded on the day, compared to an average of 197.09M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, MULN has seen 8 BUY and 4 SELL insider trades, representing the acquisition of 100,047,772 and the disposition of 35,615,239 shares. Over the last 12 months, there were 34 BUYs and 24 SELLs from insiders. Insiders purchased 113,037,264 shares during that period but sold 39,210,185.

In the most recent transaction, PUCKETT KENT sold 100,000 shares of MULN for 0.33 per share on Dec 15. After the transaction, the Director now owns 0 company shares. In a previous transaction on Sep 22, Michery David sold 750,000 shares at 0.40 per share. MULN shares that CEO, President owns now total 15,843,789.

Among the insiders who sold shares, POPA CALIN disposed of 50,000 shares on Sep 08 at a per-share price of $0.67. This resulted in the Pres. Mullen Automotive holding 9,729 shares of MULN after the transaction. In another insider transaction, NOVOA IGNACIO bought 2,500 shares at $0.67 per share on Aug 26. Company shares held by the Director now total 183,000.

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 $5.86 and a low of $0.18.

As of this writing, MULN has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0. The company reported an EPS of -$0.06 in the last quarter, which was 71.40% higher than expectations of -$0.21.

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.

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