manufacturing
Mullen Automotive (NASDAQ: MULN) stock price has remained in a deep sell-off and is nearing its all-time low despite making some important announcements. It has crashed by over 82%, making it one of the worst-performing electric vehicle companies in Wall Street, bringing its market cap to over $43 million. Mullen Automotive’s progressMullen Automotive, a Tesla wannabe, has made a lot of progress in the past few months. On June 13th, the company said that it had received a $13.2 million sales order for its Bollinger Motors business. These orders came from Momentum Groups,a company that offers f...
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Qualcomm Inc (NASDAQ: QCOM) is gaining in premarket on Tuesday following a report that Samsung Electronics Co Ltd (KRX: 005930) plans on switching entirely to chips made by the California based company. Samsung Galaxy S25 to use QCOM chipsSamsung will exclusively use QCOM’s next-gen chipset in its upcoming Galaxy S25, says Ming-Chi Kuo – a renowned tech analyst of TF Securities. Kuo made the revelation first this morning on X.com. Qualcomm will likely be the sole SoC supplier for the Samsung Galaxy S25 (vs 40% for the S24), as the Exynos 2500 may not ship due to Samsung’s lower-than-expected 3...
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Aston Martin Lagonda (LON: AML) share price has continued to lag behind the performance of other luxury vehicle companies this year as woes mount. The stock has already plunged by more than 36% this year while Ferrari has soared by over 25%, giving it a market cap of over $74 billion. In German, Porsche shares have dropped by 10% this year. Aston Martin vs Ferrari vs Porsche Aston Martin’s performance goes from way back, a move that has seen it plunge from a record high of 4,562p in 2019 to the current 142p. Along the way, the company has shed billions of dollars in value. The company’s challe...
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Rolls-Royce (LON: RR) share price has had a spectacular comeback in the past few years, a move that has made it one of the best-performing FTSE 100 index constituents. It has surged by over 1,250% from its lowest level in 2020. How Rolls Royce bounced backRolls-Royce Holdings, one of the biggest British industrial companies was in trouble before the Covid-19 pandemic started. Before that, its highly popular engine, Trent 1000, developed cracking issues, which cost it billions of dollars in repairs. The problems pushed it to a big £2.9 billion loss and its stock significantly downwards. The com...
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Workhorse Group (NASDAQ: WKHS) is in focus this morning after it started trading on a split-adjusted basis. Workhorse stock is losing after the stock splitLast week, the electric vehicles company announced a reverse stock split (1-for-20) to regain compliance with requirements to remain listed on Nasdaq. $WKHS must trade at a price of over $1.0 per share for ten consecutive days to satisfy the minimum bid rule. It has until September 16th to establish compliance with the aforementioned requirement. The stock split does not guarantee that Workhorse stock will remain listed on Nasdaq considering...
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The Virgin Galactic (NYSE: SPCE) stock price continued its remarkable sell-off this month as it crashed to its all-time low. It dropped to a low of $0.6850 on Friday, bringing the year-to-date losses to 72%. It has become a shell of its former self for a company that was once trading at $56 at a valuation of over $13 billion. Faces more headwinds aheadVirgin Galactic stock plummeted after the board voted to engineer a reverse stock split in a bid to maintain a listing at the New York Stock Exchange (NYSE). NYSE’s listing rules dictate that a company must trade above $1 for 30 days. In most cas...
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Super Micro Computer Inc (NASDAQ: SMCI) was among the most shorted S&P 500 tech stocks in May. Shares of the AI firm are up close to 200% for the year at writing. What was Supermicro stock short interest in May?Information technology weighs the most on the benchmark index and bets against it were up at large last month. In May, short interest in the S&P 500 tech stocks climbed to 1.56% on average versus 1.42% in April. But short interest in the high-flying SMCI stock far exceeded the average. At 7.26%, it was behind only two names in S&P 500 technology stocks in terms of short interest: Enphas...
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Joby Aviation (NYSE: JOBY) stock price has collapsed hard this year. Like other eVTOL companies like Liliumand Archer Aviation, it has crashed by over 25% in 2024 and by 35% in the past 12 months. It has plunged by over 57% from its highest level in 2023, giving it a market cap of over $3.8 billion. Market size concernsJoby Aviation, one of the biggest eVTOL companies in the industry, has made a lot of progress as it matches towards certification. It has become the first electric taxi company to have its final airworthiness published by the FAA. The company has also carried out intensive tests...
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Lilium (NASDAQ: LILM) stock price has plummeted hard this week as demand for the electric vertical take-off and landing (eVTOL) shares waned. It collapsed to a low of $0.8250, its lowest swing since April 16th. It has plunged by over 40% from its highest point this year and by more than 56% from its highest level in 2023. Good progress but balance sheet issues remainLilium’s shares have plunged hard in the past few years, pushing its market cap to about $520 million. At its peak, it had a market cap of over $2.1 billion as demand for eVTOL companies rose. The recent crash happened as investors...
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Nike Inc (NYSE: NKE) has lost about 10% this year but a Deutsche Bank analyst is convinced the story moving forward will be a different one. Nike stock has upside to $115Krisztina Katai resumed coverage of Nike stock this morning with a “buy” rating. Her $115 price target suggests about a 22% upside from here. The Deutsche Bank analyst is bullish as the sports footwear and apparel firm has been devoted to innovation ahead of the Paris Olympics this year. Her research note reads: $NKE is at the onset of a multi-year innovation cycle that’s likely to deliver top-line growth ahead … with bigger s...
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