Streetbeat News

MULN

Mullen Automotive, Inc.

Industry

Auto - Manufacturers

Mullen Automotive, Inc., an electric vehicle company, manufactures and distributes electric vehicles. It also operates CarHub, a digital platform that leverages AI to offer an interactive solution for buying, selling, and owning a car; and provides battery technology and emergency point-of-care solutions. The company was founded in 2014 and is based in Brea, California.

Open

1.73

Mkt cap

10M

Volume

1.3M

High

1.84

P/E Ratio

N/A

52-wk high

2400.00

Low

1.71

Div yield

N/A

52-wk low

1.71

Mullen Automotive Inc (NASDAQ:MULN) announced a $25 million buyback, having already repurchased 3.7 million shares. CEO David Michery also purchased 102,040 shares, citing the company's belief that its stock is undervalued. Mullen has until September 5 to meet the Nasdaq's minimum bid price requirement of $1 per share.

Portfolio Pulse from Adam Eckert

August 17, 2023 | 1:53 pm

Mullen Automotive has announced the commencement of its $25 million stock buyback program.

Portfolio Pulse from Benzinga Newsdesk

August 17, 2023 | 11:06 am

In Wednesday's after-market session, several consumer discretionary stocks saw significant movement. Gainers included Connexa Sports Techs (CNXA), Ambow Education Holding (AMBO), Mondee Hldgs (MOND), U Power (UCAR), Kaixin Auto Hldgs (KXIN), and Visionary Education Tech (VEDU). Losers included Digital Brands Group (DBGI), Mullen Automotive (MULN), Polished.com (POL), Lovesac (LOVE), Genius Gr (GNS), and Barnes & Noble Education (BNED).

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 9:32 pm

Mullen Automotive (NASDAQ:MULN) has debuted the ultra-high-performance Mullen FIVE RS EV Crossover, which has a top speed of 200 mph and acceleration from 0-60 mph in under 2 seconds. The vehicle will be featured on the upcoming Strikingly Different EV tour. Mullen also implemented a 1-for-9 reverse stock split to regain compliance with Nasdaq's $1.00 minimum bid price requirement. MULN shares are currently trading lower by 2.2%.

Portfolio Pulse from Shivani Kumaresan

August 16, 2023 | 7:12 pm

Mullen Automotive reported Q3 losses of $(11.14) per share, a 178.5% decrease from $(4.00) per share YoY. The company also reported $308.00 thousand in sales this quarter.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 1:20 pm

The board of Mullen Automotive has authorized a $25 million buyback program.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 1:11 pm

During Friday's session, 157 stocks hit new 52-week lows. Among the notable companies were Corteva, American Rebel Holdings, Mullen Automotive, and BNY Mellon Strategic. The stocks that created new 52-week lows on Friday included Avangrid, SolarEdge Technologies, Etsy, UGI, Concentrix, Hawaiian Electric Indus, Equity Commonwealth, Forward Air, Cracker Barrel Old, Petco Health and Wellness, JinkoSolar Holding Co, Olaplex Hldgs, Frontier Group Holdings, Impinj, Safehold, Monro, 3D Sys, TDCX, Everbridge, Silk Road Medical, Cassava Sciences, 23andMe Holding, Wolverine World Wide, Avidity Biosciences, Boston Omaha, John Hancock Premium Div, BioLife Solns, Seres Therapeutics, American Well, Materialise, BNY Mellon Strategic, Southland Holdings, Funko, Fate Therapeutics, Citizens Financial Servs, American Lithium, Emergent BioSolutions, PetMed Express, Sutro Biopharma, Hippo Holdings, Largo, Omega Therapeutics, System1, Benson Hill, Eaton Vance Municipal, Vor Biopharma, Star Hldgs, Origin Mat, Joint, NanoString Technologies, Codexis, ContextLogic, Akoustis Technologies, Cano Health, GeneDx Hldgs, Electrovaya, Kezar Life Sciences, ProPhase Labs, Alaunos Therapeutics, Chimerix, Electriq Power Holdings, DZS, Streamline Health Solns, Eargo, Intercure, Prime Number Acquisition, REE Automotive, TD Hldgs, Carmell Therapeutics, Neuronetics, Kaixin Auto Hldgs, Crown Crafts, Airgain, Ohmyhome, Singular Genomics Sys, First Seacoast Bancorp, Sarcos Technology, Coya Therapeutics, Otonomo Technologies, CareCloud, Aterian, PAVmed, Orgenesis, CalAmp, Imperial Ptrl, Fitell, LQR House, Iridex, OMNIQ, Safeguard Scientifics, Lichen China, Origin Agritech, Atreca, Sunlight Finl Hldgs, Yunji, MediaCo Holding, Trio Petroleum, Cineverse, Lucy Scientific Discovery, Remark Hldgs, Shuttle Pharmaceuticals, Hempacco, Finch Therapeutics Gr, Visionary Education Tech, Marpai, Ontrak, Nogin, Adamis Pharmaceuticals, China Jo-Jo Drugstores, ABVC BioPharma, Fangdd Network Group, SeaStar Medical Holding, Yoshiharu Global, Universe Pharmaceuticals, Redhill Biopharma, Jiuzi Hldgs, Power REIT, Soligenix, Eightco Holdings, JanOne, Avalo Therapeutics, Yield10 Bioscience, Aditxt, Salarius Pharmaceuticals, China Pharma Holding, OpGen, Akanda, Harbor Custom Dev, Biocept, NeuBase Therapeutics, Ucommune International, INVO Bioscience, Esports Entertainment, American Rebel Holdings.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 6:01 pm

Mullen Automotive, Inc. (NASDAQ:MULN) shares are volatile after the company effected a 1-for-9 reverse stock split to comply with the $1.00 minimum bid price Nasdaq requirement. The stock began trading on a split-adjusted basis and is currently up by 1.77% at $1.04. The trading volume is heavy with more than 31.5 million shares traded, compared to the 100-day average of 28.739 million shares.

Portfolio Pulse from Erica Kollmann

August 11, 2023 | 3:23 pm

Mullen Automotive Inc (NASDAQ:MULN) announced the start of Class 3 vehicle production at its Tunica, Mississippi assembly plant. The first customer deliveries are expected to begin in August and September. The company plans to gradually ramp up production from September to December, aiming for an annual production of 3,000 Class 3 vehicles. Mullen has received purchase orders for 1,250 Mullen THREE trucks valued at $79 million.

Portfolio Pulse from Adam Eckert

August 10, 2023 | 1:02 pm

Mullen has announced the commencement of Class 3 vehicle production at its Tunica, Mississippi, assembly plant. The company plans to gradually increase the production rate from September through December, aiming for an annual production capacity of 3,000 Class 3 vehicles.

Portfolio Pulse from Benzinga Newsdesk

August 10, 2023 | 11:37 am

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