-
市場
-
產品
-
資訊
-
Moo社區
-
課堂
-
查看更多
-
功能介紹
-
費用費用透明,無最低余額限制
投資選擇、功能介紹、費用相關信息由Moomoo Financial Inc.提供
- English
- 中文繁體
- 中文简体
- 深色
- 淺色
Why Oct. 7 Is the Next Big Event for Mullen Stock
Why Oct. 7 Is the Next Big Event for Mullen Stock
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
The Electric Last Mile (OTCMKTS:ELMSQ) bankruptcy auction on Oct. 7 is the next big event for Mullen Automotive (NASDAQ:MULN). The question is whether this event will create more positives or more negatives for MULN stock.
Mullen, a fledgling electric vehicle (or EV) maker, has placed a "stalking horse" bid for Electric Last Mile's assets, which include Electric Last Mile's manufacturing plant, its inventory, as well as its intellectual property.
On the surface, this deal may seem like something that could get MULN shares (down more than 95% in the past year) moving again in the right direction. After all, the company is looking to move into the production stage and out of the pre-revenue stage.
It does not appear likely that it's good news for shareholders if Mullen wins this auction. In fact, quite the opposite. Let's dive in, and see why this event could be a big negative for investors.
MULN Mullen Automotive $0.33MULN Stock and the Bankruptcy Auction
Recently, I went through the details of Mullen's bid for Electric Last Mile's assets. The company's bid consists of $55 million in cash, plus the assumption of $37 million in liabilities, for a total of $92 million in consideration.
So far, Mullen is the highest bidder. This could change, however, when the auction occurs in two days' time. As Bloomberg reported Sept. 19, 39 potential buyers solicited by the bankruptcy court went to the trouble of signing non-disclosure agreements to perform due diligence.
That's not to say a bidding war will break out at the auction, but it may suggest that Mullen Automotive could end up having to pay more for the assets. Still, even if the stalking horse bid prevails, and the company isn't required to pay a penny more for the assets, such a "victory" could be yet another crushing blow to MULN stock investors.
Dilution risks related to this company's poor capitalization have been a major reason why I've been bearish on this stock. Short on cash as it is, the fact management has aggressively pursued this deal suggests more dilutive capital raises are on the way, which is bad news for existing shareholders.
Mullen Shareholders are Likely to Keep Losing
You can blame many factors for the continued decline of MULN stock. The deflating of the "EV bubble," for one, as well as the falling appeal of growth stocks in light of higher interest rates and recession worries.
But along with these external factors, shareholder dilution has also played a massive role in sending MULN from as much as $15.89 per share late last year, to around 35 cents per share today. During this timeframe, the company has consistently sold more stock and convertible debt to meet its financial obligations. As a result, Mullen's share count has ballooned.
Last December, Mullen had around 23.4 million outstanding shares. Today, its share count now stands at around 509.3 million. Slicing the pie into nearly 22 times the amount of slices, it's not surprising the stock now trades at less than five percent of its 52-week high.
Worse yet, despite this dilution, Mullen remains strapped for cash. It needs to raise more money to finance this bid, as well as to keep its existing operations running. With this, you can expect a further issuance of stock/convertible debt. Mullen's share count will keep expanding, which will push the stock even lower.
The Best Move Now With MULN Stock
This stock may look cheap at current prices, but don't assume there's minimal downside from here. Between its current negative operating cash flow (around $18.3 million per quarter), its existing slate of merger deals (its deal for Bollinger Motors) and now a potential deal for Electric Last Mile, Mullen likely needs to raise cash far in excess of its current market cap (around $165 million).
Another 22-fold increase in its share count may not lie ahead, but the MULN share count could continue to multiply. This will reduce the stock's per-share value and limit upside potential in the event this upstart defies the odds and becomes an established name in the EV space.
If this EV maker wins the Electric Last Mile auction on Oct. 7, there will be even more reason to avoid MULN stock.
MULN stock earns a D rating in my Portfolio Grader.
On the date of publication, neither Louis Navellier nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article.
Louis Navellier, who has been called "one of the most important money managers of our time," has broken the silence in this shocking "tell all" video… exposing one of the most shocking events in our country's history… and the one move every American needs to make today.
The post Why Oct. 7 Is the Next Big Event for Mullen Stock appeared first on InvestorPlace.
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
InvestorPlace-股票市場新聞、股票建議和交易提示
The Electric Last Mile (OTCMKTS:ELMSQ) bankruptcy auction on Oct. 7 is the next big event for Mullen Automotive (NASDAQ:MULN). The question is whether this event will create more positives or more negatives for MULN stock.
這個電力最後一英里(OTCMKTS:ELMSQ)10月7日的破產拍賣是馬倫汽車公司(納斯達克:穆倫)。問題是,這一事件是否會給穆恩股票帶來更多積極因素,還是更多負面因素。
Mullen, a fledgling electric vehicle (or EV) maker, has placed a "stalking horse" bid for Electric Last Mile's assets, which include Electric Last Mile's manufacturing plant, its inventory, as well as its intellectual property.
馬倫是一家羽翼未豐的電動汽車(EV)製造商,它對Electric Last Mile的資產提出了“跟蹤”報價,這些資產包括Electric Last Mile的製造廠、庫存以及知識產權。
On the surface, this deal may seem like something that could get MULN shares (down more than 95% in the past year) moving again in the right direction. After all, the company is looking to move into the production stage and out of the pre-revenue stage.
從表面上看,這筆交易可能會讓穆恩的股價(過去一年下跌了95%以上)再次朝着正確的方向發展。畢竟,該公司正尋求進入生產階段,並走出營收前階段。
It does not appear likely that it's good news for shareholders if Mullen wins this auction. In fact, quite the opposite. Let's dive in, and see why this event could be a big negative for investors.
如果馬倫贏得這次拍賣,對股東來説似乎不太可能是好消息。事實上,情況恰恰相反。讓我們一頭扎進去,看看為什麼這一事件會對投資者造成巨大的負面影響。
MULN Stock and the Bankruptcy Auction
穆恩股票與破產拍賣
Recently, I went through the details of Mullen's bid for Electric Last Mile's assets. The company's bid consists of $55 million in cash, plus the assumption of $37 million in liabilities, for a total of $92 million in consideration.
最近,我仔細研究了馬倫競購Electric Last Mile資產的細節。該公司的出價包括5500萬美元的現金,外加3700萬美元的債務,總對價為9200萬美元。
So far, Mullen is the highest bidder. This could change, however, when the auction occurs in two days' time. As Bloomberg reported Sept. 19, 39 potential buyers solicited by the bankruptcy court went to the trouble of signing non-disclosure agreements to perform due diligence.
到目前為止,馬倫是出價最高的競標者。然而,當拍賣在兩天後舉行時,這種情況可能會改變。AS布隆伯格9月9日報道破產法院徵集的39名潛在買家不厭其煩地簽署了保密協議,進行了盡職調查。
That's not to say a bidding war will break out at the auction, but it may suggest that Mullen Automotive could end up having to pay more for the assets. Still, even if the stalking horse bid prevails, and the company isn't required to pay a penny more for the assets, such a "victory" could be yet another crushing blow to MULN stock investors.
這並不是説競標戰將在拍賣中爆發,但這可能表明馬倫汽車公司最終可能不得不為資產支付更高的價格。儘管如此,即使跟蹤馬競購獲勝,該公司也不需要為資產多支付一分錢,這樣的“勝利”可能會對黑市股票投資者造成又一次毀滅性的打擊。
Dilution risks related to this company's poor capitalization have been a major reason why I've been bearish on this stock. Short on cash as it is, the fact management has aggressively pursued this deal suggests more dilutive capital raises are on the way, which is bad news for existing shareholders.
與這家公司資本狀況不佳相關的稀釋風險一直是我看空這隻股票的主要原因。儘管現金短缺,但管理層積極尋求這筆交易的事實表明,更多的稀釋融資即將到來,這對現有股東來説是個壞消息。
Mullen Shareholders are Likely to Keep Losing
馬倫的股東可能會繼續虧損
You can blame many factors for the continued decline of MULN stock. The deflating of the "EV bubble," for one, as well as the falling appeal of growth stocks in light of higher interest rates and recession worries.
你可以將木棉庫存的持續下降歸咎於許多因素。例如,“電動汽車泡沫”的破裂,以及由於利率上升和對經濟衰退的擔憂,成長型股票的吸引力下降。
But along with these external factors, shareholder dilution has also played a massive role in sending MULN from as much as $15.89 per share late last year, to around 35 cents per share today. During this timeframe, the company has consistently sold more stock and convertible debt to meet its financial obligations. As a result, Mullen's share count has ballooned.
但除了這些外部因素,股東的稀釋也起到了巨大的作用,將Muln從去年年底的每股15.89美元推高至今天的每股35美分左右。在此期間,該公司一直在出售更多的股票和可轉換債券,以履行其財務義務。因此,馬倫的股票數量激增。
Last December, Mullen had around 23.4 million outstanding shares. Today, its share count now stands at around 509.3 million. Slicing the pie into nearly 22 times the amount of slices, it's not surprising the stock now trades at less than five percent of its 52-week high.
Worse yet, despite this dilution, Mullen remains strapped for cash. It needs to raise more money to finance this bid, as well as to keep its existing operations running. With this, you can expect a further issuance of stock/convertible debt. Mullen's share count will keep expanding, which will push the stock even lower.
更糟糕的是,儘管股權被稀釋,馬倫仍然手頭拮据。它需要籌集更多資金來為此次競購提供資金,並保持現有業務的運營。有了這一點,你可以預計會有更多的股票/可轉換債券發行。馬倫的股票數量將繼續擴大,這將進一步推低該公司的股價。
The Best Move Now With MULN Stock
MUN股票現在的最佳走勢
This stock may look cheap at current prices, but don't assume there's minimal downside from here. Between its current negative operating cash flow (around $18.3 million per quarter), its existing slate of merger deals (its deal for Bollinger Motors) and now a potential deal for Electric Last Mile, Mullen likely needs to raise cash far in excess of its current market cap (around $165 million).
在目前的價格下,這隻股票可能看起來很便宜,但不要認為從現在開始下跌的可能性很小。馬倫目前的運營現金流為負(約為每季度1,830萬美元),現有的一系列合併交易(收購Bollinger Motors),以及現在可能收購Electric Last Mile的交易,馬倫可能需要籌集遠遠超過目前市值(約1.65億美元)的現金。
Another 22-fold increase in its share count may not lie ahead, but the MULN share count could continue to multiply. This will reduce the stock's per-share value and limit upside potential in the event this upstart defies the odds and becomes an established name in the EV space.
其股票數量可能不會再增加22倍,但穆恩股票數量可能會繼續成倍增加。這將降低該股的每股價值,並限制上漲潛力,如果這位upstart不畏艱險,成為電動汽車領域的知名品牌。
If this EV maker wins the Electric Last Mile auction on Oct. 7, there will be even more reason to avoid MULN stock.
如果這家電動汽車製造商在10月7日的電動最後一英里拍賣中獲勝,那麼就更有理由避免購買Muln股票。
MULN stock earns a D rating in my Portfolio Grader.
穆恩股票在我的股票中獲得D評級投資組合評分器.
On the date of publication, neither Louis Navellier nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article.
在文章發表之日,Louis Navellier和主要負責本文的InvestorPlace Research工作人員都沒有(直接或間接)持有本文提到的證券的任何頭寸。
Louis Navellier, who has been called "one of the most important money managers of our time," has broken the silence in this shocking "tell all" video… exposing one of the most shocking events in our country's history… and the one move every American needs to make today.
路易·納維利耶,被稱為“我們這個時代最重要的基金經理之一”,在這段令人震驚的“告訴所有人”的視頻…中打破了沉默揭露了我國曆史上最令人震驚的事件之一…這也是今天每個美國人都需要採取的行動。
The post Why Oct. 7 Is the Next Big Event for Mullen Stock appeared first on InvestorPlace.
一篇為什麼10月7日是馬倫股票的下一個重大事件的帖子最先出現在InvestorPlace上。
moomoo是Moomoo Technologies Inc.公司提供的金融資訊和交易應用程式。
在美國,moomoo上的投資產品和服務由Moomoo Financial Inc.提供,一家受美國證券交易委員會(SEC)監管的持牌主體。 Moomoo Financial Inc.是金融業監管局(FINRA)和證券投資者保護公司(SIPC)的成員。
在新加坡,moomoo上的投資產品和服務是通過Moomoo Financial Singapore Pte. Ltd.提供,該公司受新加坡金融管理局(MAS)監管(牌照號碼︰CMS101000) ,持有資本市場服務牌照 (CMS) ,持有財務顧問豁免(Exempt Financial Adviser)資質。本內容未經新加坡金融管理局的審查。
在澳大利亞,moomoo上的金融產品和服務是通過Futu Securities (Australia) Ltd提供,該公司是受澳大利亞證券和投資委員會(ASIC)監管的澳大利亞金融服務許可機構(AFSL No. 224663)。請閱讀並理解我們的《金融服務指南》、《條款與條件》、《隱私政策》和其他披露文件,這些文件可在我們的網站 https://www.moomoo.com/au中獲取。
在加拿大,透過moomoo應用程式提供的僅限訂單執行的券商服務由Moomoo Financial Canada Inc.提供,並受加拿大投資監管機構(CIRO)監管。
在馬來西亞,moomoo上的投資產品和服務是透過Moomoo Securities Malaysia Sdn. Bhd. 提供,該公司受馬來西亞證券監督委員會(SC)監管(牌照號碼︰eCMSL/A0397/2024) ,持有資本市場服務牌照 (CMSL) 。本內容未經馬來西亞證券監督委員會的審查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd.,Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc和Moomoo Securities Malaysia Sdn. Bhd., 是關聯公司。
風險及免責聲明
moomoo是Moomoo Technologies Inc.公司提供的金融資訊和交易應用程式。
在美國,moomoo上的投資產品和服務由Moomoo Financial Inc.提供,一家受美國證券交易委員會(SEC)監管的持牌主體。 Moomoo Financial Inc.是金融業監管局(FINRA)和證券投資者保護公司(SIPC)的成員。
在新加坡,moomoo上的投資產品和服務是通過Moomoo Financial Singapore Pte. Ltd.提供,該公司受新加坡金融管理局(MAS)監管(牌照號碼︰CMS101000) ,持有資本市場服務牌照 (CMS) ,持有財務顧問豁免(Exempt Financial Adviser)資質。本內容未經新加坡金融管理局的審查。
在澳大利亞,moomoo上的金融產品和服務是通過Futu Securities (Australia) Ltd提供,該公司是受澳大利亞證券和投資委員會(ASIC)監管的澳大利亞金融服務許可機構(AFSL No. 224663)。請閱讀並理解我們的《金融服務指南》、《條款與條件》、《隱私政策》和其他披露文件,這些文件可在我們的網站 https://www.moomoo.com/au中獲取。
在加拿大,透過moomoo應用程式提供的僅限訂單執行的券商服務由Moomoo Financial Canada Inc.提供,並受加拿大投資監管機構(CIRO)監管。
在馬來西亞,moomoo上的投資產品和服務是透過Moomoo Securities Malaysia Sdn. Bhd. 提供,該公司受馬來西亞證券監督委員會(SC)監管(牌照號碼︰eCMSL/A0397/2024) ,持有資本市場服務牌照 (CMSL) 。本內容未經馬來西亞證券監督委員會的審查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd.,Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc和Moomoo Securities Malaysia Sdn. Bhd., 是關聯公司。
- 分享到weixin
- 分享到qq
- 分享到facebook
- 分享到twitter
- 分享到微博
- 粘贴板
使用瀏覽器的分享功能,分享給你的好友吧