Muln stock

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Muln stock

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While MULN stock is encountering some muted trading on Friday, the real upcoming catalyst for shares could be a brewing short squeeze. On Thursday morning, Mullen announced that the company is road testing its advanced battery with its Class 1 EV cargo van. Per a press release , the performance study began on Feb. Significantly, Mullen also estimates that the range of its cargo van will increase from miles to miles with the help of the SSB. Still, while the narrative here is compelling, MULN stock has failed to move on the news today. One of the challenges here comes down to taking the innovation and scaling it for practical applicability.

Muln stock

Mullen Automotive NASDAQ: MULN stock is cratering after the company announced that shareholders preliminarily approved its proposal to conduct a reverse stock split in a ratio between 1-for-2 and 1-for Mullen had initially held its special meeting of stockholders on Dec. During the meeting, the reverse split proposal did not receive enough votes to pass, and a proposal to adjourn the meeting to a later date went into effect. The meeting was adjourned to today for the sole purpose of soliciting more votes in favor of the reverse split proposal. Shareholders of record as of the close of business on Nov. Mullen has until Jan. Mullen has now conducted two reverse splits this year, one in a ratio of 1-for-9 and the other in a ratio of 1-for That adds up to a cumulative reverse split ratio of 1-for With shares trading at about However, that would cut it very close, so shareholders should expect a higher reverse split ratio.

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TipRanks Labs. IPO Calendar. Experts Top Analysts. Options Prices. Mullen Automotive's stock price is gaining a bit of traction after several positive events, but it may not have enough charge to enter reversal yet. In many ways, the loyalty to the enterprises in…. Compare ETFs. The range between the high and low prices over the past day. Lucid Group Inc. Tools Research Tools. Federal Funds Rate.

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Options Market Overview. Sum of the combined debts a company owes. Lucid Group Inc. Net cash used or generated for core business activities. Student Loan Calculator. Customs and Border Protection in regards to its application within one to two months. In many ways, the loyalty to the enterprises in…. Dividend Calculator. Compare Stocks. Mullen Automotive, Inc. Asset Growth The value of subtracting the total liabilities from the total assets of a company. TipRanks Community. Read about the latest trends in the electric vehicle industry, including the disappointing performance of Rivian and Lucid Group, and the resilience of