Mullen Automotive Stock Today
| MULN Stock | USD 2.68 0.06 2.29% |
Performance0 of 100
| Odds Of DistressOver 81
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Mullen Automotive is selling at 2.68 as of the 28th of November 2024; that is 2.29% up since the beginning of the trading day. The stock's open price was 2.62. Mullen Automotive has a very high chance of experiencing financial distress in the next few years of operation. It has also generated negative returns for investors over the last 90 days. Equity ratings for Mullen Automotive are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of October 2024 and ending today, the 28th of November 2024. Click here to learn more.
Business Domain Automobiles & Components | IPO Date 17th of October 2008 | Category Consumer Cyclical | Classification Consumer Discretionary |
Mullen Automotive, Inc., an electric vehicle company, manufactures and distributes electric vehicles. The company was founded in 2014 and is based in Brea, California. Mullen Automotive operates under Auto Manufacturers classification in the United States and is traded on NASDAQ Exchange. The company has 8.83 M outstanding shares of which 1.09 M shares are now shorted by private and institutional investors with about 0.27 trading days to cover. More on Mullen Automotive
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Mullen Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| President Manufacturing | John Taylor | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Automobile Manufacturers, Automobiles & Components, Consumer Discretionary, NASDAQ Composite, Consumer Discretionary, Automobiles, Auto Manufacturers, Consumer Cyclical (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Financial Strength
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Debt LevelsMullen Automotive can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Mullen Automotive's financial leverage. It provides some insight into what part of Mullen Automotive's total assets is financed by creditors.
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Mullen Automotive (MULN) is traded on NASDAQ Exchange in USA. It is located in 1405 Pioneer Street, Brea, CA, United States, 92821 and employs 326 people. Mullen Automotive is listed under Automobile Manufacturers category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 23.12 M. Mullen Automotive conducts business under Automobiles sector and is part of Consumer Discretionary industry. The entity has 8.83 M outstanding shares of which 1.09 M shares are now shorted by private and institutional investors with about 0.27 trading days to cover.
Mullen Automotive currently holds about 60.93 M in cash with (179.17 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.12.
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Ownership AllocationThe market capitalization of Mullen Automotive is $23.12 Million. Roughly 94.34 % of Mullen Automotive outstanding shares are held by general public with 2.23 pct. owned by insiders and only 3.43 % by institutional investors. Note, that even with negative profits, if the true value of the firm is larger than the current market value, you may still be able to generate positive returns on investment in this company.
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Mullen Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Steward Partners Investment Advisory, Llc | 2024-06-30 | 100.0 | |
| Bank Of America Corp | 2024-06-30 | 87.0 | |
| Financial Gravity Wealth, Inc. | 2024-06-30 | 74.0 | |
| Federation Des Caisses Desjardins Du Quebec | 2024-06-30 | 10.0 | |
| Atlantic Trust Group, Llc | 2024-06-30 | 5.0 | |
| Ica Group Wealth Management, Llc | 2024-06-30 | 5.0 | |
| Wells Fargo & Co | 2024-06-30 | 4.0 | |
| Bnp Paribas Arbitrage, Sa | 2024-06-30 | 2.0 | |
| Carsonallaria Wealth Management, Ltd. | 2024-09-30 | 1.0 | |
| Blackrock Inc | 2024-06-30 | 82.2 K | |
| Two Sigma Investments Llc | 2024-09-30 | 18.5 K |
Mullen Automotive Historical Income Statement
Mullen Stock Against Markets
Mullen Automotive Corporate Management
| Dave Adkins | Chief Vehicles | Profile | |
| Marianne McInerney | Business Strategy | Profile | |
| David Michery | Chairman, Founder | Profile | |
| Jillian Green | Vice Affairs | Profile | |
| Kerri Sadler | Chief Officer | Profile |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mullen Automotive. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. To learn how to invest in Mullen Stock, please use our How to Invest in Mullen Automotive guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Is Automobile Manufacturers space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mullen Automotive. If investors know Mullen will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mullen Automotive listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 244.1 K | Revenue Per Share 2.51 | Quarterly Revenue Growth (0.79) | Return On Assets (0.48) | Return On Equity (2.60) |
The market value of Mullen Automotive is measured differently than its book value, which is the value of Mullen that is recorded on the company's balance sheet. Investors also form their own opinion of Mullen Automotive's value that differs from its market value or its book value, called intrinsic value, which is Mullen Automotive's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mullen Automotive's market value can be influenced by many factors that don't directly affect Mullen Automotive's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mullen Automotive's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mullen Automotive is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mullen Automotive's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.