MULN Stock Summary and Trading Ideas (Mullen Automotive | NASDAQ:MULN)

Mullen Automotive Inc is engaged in manufacturing electric vehicles and building energy solutions. Its portfolio of vehicles is predominantly comprised of commercial trucks and other electric vehicles and includes; Mullen Class 1 Cargo Van, Mullen Three, Bollinger B4 Chassis Cab, and Mullen I-GO. The company's operating segments are Bollinger which derives maximum revenue, and Mullen Commercial.

Mullen Automotive trades on the NASDAQ stock market under the symbol MULN.

As of April 9, 2025, MULN stock price declined to $0.04 with 134,487,257 million shares trading.

MULN has a beta of 3.30, meaning it tends to be more sensitive to market movements. MULN has a correlation of 0.05 to the broad based SPY ETF.

MULN has a market cap of $146,944.00. This is considered a Sub-Micro Cap stock.

In the last 3 years, MULN traded as high as $384,750,300.00 and as low as $.04.

The top ETF exchange traded funds that MULN belongs to (by Net Assets): IWC, VTI, VXF, DFAC.

MULN has underperformed the market in the last year with a price return of -100.0% while the SPY ETF gained +7.1%. MULN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -99.9% and -83.3%, respectively, while the SPY returned -6.6% and -4.7%, respectively.

MULN support price is $.04 and resistance is $.06 (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 shares will trade within this expected range on the day.