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NASDAQ:MULN

Mullen Automotive (MULN) Stock Price, News & Analysis

Mullen Automotive logo
$1.93
-0.12 (-5.85%)
(As of 11/1/2024 ET)

About Mullen Automotive Stock (NASDAQ:MULN)

Key Stats

Today's Range
$1.83
$2.13
50-Day Range
$1.93
$36.26
52-Week Range
$1.83
$3,275.00
Volume
1.41 million shs
Average Volume
483,694 shs
Market Capitalization
$10.73 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
N/A
Consensus Rating
N/A

Company Overview

Mullen Automotive, Inc., an electric vehicle company was founded in 2014 and is based in Brea, California. Mullen Automotive, Inc is the result of a merger between Coda automotive and Mullen Motorcars. The two companies were complementary to each other and resulted in a new business with the capability to design and manufacture world-class EVs.

Mullen Automotive, Inc was founded by David Michery who is now the company’s CEO and chairman. Mr. Michery has over 25 years of executive management experience and is instrumental in creating the company’s brand and vision.

Today, the company is focused on making green technology greener by improving on battery technology, and EV efficiency, and has several vehicles slated for production as well as other EV-related ventures. Among the company’s many goals are to build EVs entirely in the US for the US consumer making them accessible to a wider range of drivers. The company offers an end-to-end EV experience that begins in the design room and ends at the service station.

The company’s flagship vehicle is the FIVE, an all-electric compact SUV crossover with a range of up to 325 miles per charge. The FIVE is the first of several vehicle platforms under development including the Dragonfly and a line of final-mile delivery vehicles. The Dragonfly is an all-EV high-performance sports car that can go 0-60 in 4.6 seconds and hit a top speed of 125 miles per hour. The cargo vans are built to Class-1 and Class-2 specifications and have ranges of up to 155 and 200+ miles.

Among Mullen Automotive’s other endeavors is battery technology. The company is working to manufacture lithium-sulfur batteries which will provide several benefits over the industry-standard lithium-ion batteries. The major benefits are 5X more energy density, 50% less cost per watt-hour, an exceptional safety profile, and sustainability.

EVs equipped with a lithium-sulfur batter would be lighter, have greater range, and be more efficient than their lithium-ion counterparts. Early test results of a solid-state battery exceeded all expectations and suggest EVs with a 600-mile range are more than possible. The company has a partnership with Linghang Gouchang Group for the production of EV battery packs that should be available for the 2nd generation FIVE SUVs.

Mullen Automotive also operates CarHub, a digital platform that leverages AI to offer an interactive solution for buying, selling, and owning a car. CarHub connects buyers and sellers through a national network and is also being leveraged as a marketing tool for the Mullen Automotive line of vehicles.

Mullen Automotive Stock Analysis - MarketRank™

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4th Percentile Overall Score

MULN MarketRank™: 

Mullen Automotive scored higher than 4% of companies evaluated by MarketBeat, and ranked 92nd out of 93 stocks in the auto/tires/trucks sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Percentage of Shares Shorted

    20.38% of the float of Mullen Automotive has been sold short.
  • Short Interest Ratio / Days to Cover

    Mullen Automotive has a short interest ratio ("days to cover") of 0.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Mullen Automotive has recently increased by 84.13%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Mullen Automotive does not currently pay a dividend.

  • Dividend Growth

    Mullen Automotive does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    20.38% of the float of Mullen Automotive has been sold short.
  • Short Interest Ratio / Days to Cover

    Mullen Automotive has a short interest ratio ("days to cover") of 0.8, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Mullen Automotive has recently increased by 84.13%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Mullen Automotive has a news sentiment score of 0.21. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.34 average news sentiment score of Auto/Tires/Trucks companies.
  • News Coverage This Week

    MarketBeat has tracked 11 news articles for Mullen Automotive this week, compared to 7 articles on an average week.
  • Search Interest

    Only 5 people have searched for MULN on MarketBeat in the last 30 days. This is a decrease of -81% compared to the previous 30 days.
  • MarketBeat Follows

    Only 7 people have added Mullen Automotive to their MarketBeat watchlist in the last 30 days. This is a decrease of -65% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Mullen Automotive insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 0.29% of the stock of Mullen Automotive is held by insiders.

  • Percentage Held by Institutions

    Only 11.71% of the stock of Mullen Automotive is held by institutions.

  • Read more about Mullen Automotive's insider trading history.
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MULN Stock News Headlines

Mullen Automotive’s Bollinger Motors delivers B4 trucks to TEC Equipment
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See More Headlines

MULN Stock Analysis - Frequently Asked Questions

Mullen Automotive's stock was trading at $1,429.00 at the beginning of the year. Since then, MULN shares have decreased by 99.9% and is now trading at $1.93.
View the best growth stocks for 2024 here
.

Mullen Automotive, Inc. (NASDAQ:MULN) issued its earnings results on Monday, August, 12th. The company reported ($791.00) EPS for the quarter. The company earned $0.07 million during the quarter.

Mullen Automotive's stock reverse split on Tuesday, September 17th 2024. The 1-100 reverse split was announced on Friday, September 13th 2024. The number of shares owned by shareholders was adjusted after the market closes on Monday, September 16th 2024. An investor that had 100 shares of stock prior to the reverse split would have 1 shares after the split.

Top institutional investors of Mullen Automotive include Belvedere Trading LLC. Insiders that own company stock include Calin Popa, David Michery, Ignacio Novoa, Jonathan New and Kent Puckett.
View institutional ownership trends
.

Shares of MULN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Mullen Automotive investors own include Waste Connections (WCN), DiamondRock Hospitality (DRH), American Water Works (AWK), iShares Micro-Cap ETF (IWC), The RMR Group (RMR), AUO (AUOTY) and Voyager Therapeutics (VYGR).

Company Calendar

Last Earnings
8/12/2024
Today
11/02/2024
Next Earnings (Estimated)
1/21/2025
Fiscal Year End
9/30/2025

Industry, Sector and Symbol

Industry
Motor vehicles & car bodies
Sub-Industry
Business Services
Current Symbol
NASDAQ:MULN
Employees
326
Year Founded
N/A

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$370,000.00
Book Value
$8,771.06 per share

Miscellaneous

Free Float
5,544,000
Market Cap
$10.73 million
Optionable
Optionable
Beta
1.72
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This page (NASDAQ:MULN) was last updated on 11/2/2024 by MarketBeat.com Staff
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