20-May-2024
Mullen Automotive plans for secondary offering of 20M shares - filing
Seeking Alpha News (Mon, 20-May 5:52 PM ET)
Globe Newswire (Wed, 15-May 9:00 AM ET)
Mullen Reports Q2 2024 Fiscal Quarter Results
Globe Newswire (Tue, 14-May 2:00 PM ET)
Mullen Announces $150 Million Financing Commitment
Globe Newswire (Tue, 14-May 9:15 AM ET)
U.S. Department of Commerce Approves Mullen's Tunica, Miss., Facility as Foreign Trade Zone
Globe Newswire (Thu, 9-May 9:00 AM ET)
PRNewswire (Tue, 7-May 9:30 AM ET)
Globe Newswire (Tue, 7-May 9:00 AM ET)
Mullen Signs Agreement with California Based and HVIP Approved, National Auto Fleet Group
Globe Newswire (Mon, 6-May 9:15 AM ET)
Mullen Announces Adoption of Limited Duration Stockholder Rights Plan
Globe Newswire (Mon, 6-May 9:00 AM ET)
Globe Newswire (Thu, 2-May 9:00 AM ET)
Mullen Automotive Inc is engaged in manufacturing electric vehicles and energy solutions. The company strives to make electric vehicles more accessible by building an end-to-end ecosystem that takes care of all aspects of electric vehicle ownership. The Company owns and partners with several synergistic businesses, all working towards the same goal of creating clean and scalable electric vehicles and energy solutions. The company has two segments Bollinger and Mullen/ELMS, which generates revenue.
Mullen Automotive trades on the NASDAQ stock market under the symbol MULN.
As of May 20, 2024, MULN stock price declined to $4.73 with 1,870,415 million shares trading.
MULN has a beta of 0.03, meaning it tends to be less sensitive to market movements. MULN has a correlation of 0.00 to the broad based SPY ETF.
MULN has a market cap of $30.99 million. This is considered a Sub-Micro Cap stock.
The top ETF exchange traded funds that MULN belongs to (by Net Assets): VTI, VXF, SCHA, DFAC, CCSO.
MULN has underperformed the market in the last year with a price return of -99.5% while the SPY ETF gained +28.2%. MULN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -41.1% and -21.6%, respectively, while the SPY returned +7.0% and +2.6%, respectively.
MULN support price is $4.09 and resistance is $5.63 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MULN stock will trade within this expected range on the day.