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

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 April 30, 2024, MULN stock price climbed to $6.29 with 44,837,860 million shares trading.

MULN has a beta of -0.12, 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 $41.22 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 return of -99.6%, while the SPY ETF gained +22.3%. In the last 3 month period, MULN fell short of the market, returning -19.3%, while SPY returned +2.5%. However, in the most recent 2 weeks MULN has outperformed the stock market by returning +94.7%, while SPY returned -0.5%.

MULN support price is $5.05 and resistance is $6.39 (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.