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 $0.0059, or 0.98%, to $0.61. The Mullen Automotive Inc. has recorded 1,795,664 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Mullen Announces Launch of In-house Fleet Telematics Solution: Commercial Pulse.
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 $0.60 and fluctuated between $0.7500 as its day high and $0.6005 as its day low. The current market capitalization of Mullen Automotive Inc. is $93.28M. A total of 97.13 million shares were traded on the day, compared to an average of 63.21M shares.
Insider trades can also provide insight into a stock’s future direction. During the recent three months, MULN has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 14 BUYs and 11 SELLs from insiders. Insiders purchased 166,514,285 shares during that period but sold 59,018,744.
In the most recent transaction, Michery David bought 102,040 shares of MULN for 0.98 per share on Aug 16. After the transaction, the CEO, President now owns 1,322,083 company shares. In a previous transaction on Mar 06, New Jonathan sold 159,066 shares at 0.23 per share. MULN shares that CFO owns now total 8,611.
Among the insiders who sold shares, Michery David disposed of 14,937,660 shares on Feb 16 at a per-share price of $0.32. This resulted in the CEO, President holding 113,665,510 shares of MULN after the transaction. In another insider transaction, PUCKETT KENT sold 100,000 shares at $0.33 per share on Dec 15. Company shares held by the Director now total 0.
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 $5,175.00 with high estimates of $5,175.00 and low estimates of $5,175.00. In terms of 52-week highs and lows, MULN has a high of $137.25 and a low of $0.39.
As of this writing, MULN has an earnings estimate of $36 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of $36 per share and a lower estimate of $36. The company reported an EPS of -$13.5 in the last quarter, which was 71.40% higher than expectations of -$47.25.
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. MULN’s latest balance sheet shows that the firm has $42.17k in Cash & Short Term Investments as of fiscal 2021. There were $41.91M in debt and $71.16M in liabilities at the time. Its Book Value Per Share was $9.39, while its Total Shareholder’s Equity was -$61.71M.
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.