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Sunday, April 2, 2023

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 intact, with the stock’s consolidated last price rising by $0.0009, or 0.58%, to $0.1568. The Mullen Automotive Inc. has recorded 6,881,200 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Nasdaq Approves 180-Day Extension for Mullen Automotive to Meet Minimum $1 Bid Price.

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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 $0.16 and fluctuated between $0.1720 as its day high and $0.1529 as its day low. The current market capitalization of Mullen Automotive Inc. is $353.34M. A total of 175.54 million shares were traded on the day, compared to an average of 219.64M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, MULN has seen 5 BUY and 5 SELL insider trades, representing the acquisition of 56,842,693 and the disposition of 22,494,439 shares. Over the last 12 months, there were 31 BUYs and 28 SELLs from insiders. Insiders purchased 168,155,513 shares during that period but sold 61,674,624.

In the most recent transaction, New Jonathan sold 159,066 shares of MULN for 0.23 per share on Mar 06. After the transaction, the CFO now owns 8,611 company shares. In a previous transaction on Feb 16, Michery David sold 14,937,660 shares at 0.32 per share. MULN shares that CEO, President owns now total 113,665,510.

Among the insiders who sold shares, PUCKETT KENT disposed of 100,000 shares on Dec 15 at a per-share price of $0.33. This resulted in the Director holding 0 shares of MULN after the transaction. In another insider transaction, Michery David sold 750,000 shares at $0.40 per share on Sep 22. Company shares held by the CEO, President now total 15,843,789.

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 $4.18 and a low of $0.15.

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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