Mullen Automotive (NASDAQ:MULN) Announces Earnings Results

Mullen Automotive (NASDAQ:MULN) released its earnings results on Tuesday. The company reported ($489.23) EPS for the quarter, Zacks reports. Mullen Automotive had a negative net margin of 12,717.94% and a negative return on equity of 2,736.27%.

Mullen Automotive Stock Performance

Shares of Mullen Automotive stock traded down $0.09 during trading on Tuesday, reaching $0.25. 25,325,887 shares of the stock were exchanged, compared to its average volume of 3,627,447. Mullen Automotive has a 1 year low of $0.15 and a 1 year high of $3,198,000.00. The stock’s fifty day moving average is $11.11 and its 200 day moving average is $4,249.55.

Insider Activity at Mullen Automotive

In related news, major shareholder Financial Lp Hrt purchased 5,467 shares of the business’s stock in a transaction that occurred on Thursday, April 3rd. The shares were acquired at an average price of $8.00 per share, for a total transaction of $43,736.00. Following the completion of the acquisition, the insider now directly owns 6,653 shares in the company, valued at approximately $53,224. The trade was a 460.96% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mary Winter sold 620 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $201.00, for a total transaction of $124,620.00. The disclosure for this sale can be found here. Insiders have sold a total of 667 shares of company stock worth $143,911 in the last 90 days. Company insiders own 3.63% of the company’s stock.

Mullen Automotive Company Profile

Mullen Automotive, Inc, an electric vehicle company, manufactures, sells, and distributes electric vehicles. Its products include passenger electric vehicles and commercial vehicles; and provides solid-state polymer battery technology. The company is headquartered in Brea, California.