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Thursday, May 19, 2022

Shedding its Gain: Mullen Automotive, Inc. (MULN) Stock Dipped in Aftermarket

Mullen Automotive, Inc. (MULN) is a tech-based automotive company that partners with some leading synergistic businesses providing clean energy systems. The company offered EV options to perfectly fit into the client’s life.

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MULN stock price during the regular trading of March 17, 2022, was up by 39.4% to be $2.44. Its price dropped instantly at the time of writing in the aftermarket session by 6.56%.

MULN: Events and Happenings

On March 17, 2022, MULN reported that it was featured on Yahoo Finance Live. It is the number one finance website in the US. On March 14, 2022, MULN updated on a feature published by the reputed CarBuzz, stressing upon the company’s Electric Vehicle crossover or the Mullen FIVE.

On March 09, 2022, MULN announced its nomination as one of the leading penny stocks with huge growth and investment possibilities by the renowned Insider Monkey. On February 28, 2022, MULN informed the press regarding its next-gen technology of solid-state polymer battery, which is substantially more advanced than lithium-Ion batteries. On February 24, 2022, MULN stated WardsAuto’s published featured article signifying its futuristic vision.

MULN: Key Financials

On February 14, 2022, MULN released the consolidated financial outcomes for the quarter ended December 31, 2021. Some of the focal points are discussed below.


No revenue was observed during the three months ended December 31, 2021, and the same period of 2020.


Per-share basic and diluted net loss in the 2021 quarter was $36.4 million or $2.09 comparable to $4.99 million or $0.98 in the comparable quarter of 2020. Its earnings declined significantly YoY.


MULN stock downgraded by 58% in the year-to-date span. In Thursday’s regular trading, its stock boomed following an announcement of the company being featured on Yahoo Finance Live. In the after-hours, its stock dipped to shed the gain as a result of the release.

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