MULN Stock Forecast: NASDAQ outperforms, $MULN outlook turns Negative

MULN Stock Forecast: NASDAQ outperforms, $MULN outlook turns Negative
The Overall Outlook remains Negative

The Average Price Target for the next 12 months is $23.

Latest MULN Stock Price

MetricValue Trend
Share Volume76 MLower
Forward P/E 1 YearNANA

MULN Stock Forecast: Performance chart

Stock Name5 Days1 MonthYTD
MULLEN-17.3%-38.3%-92.4%
NASDAQ-2.7%-7.73%-27.8%

The stock is highly volatile and meant for speculative trading only.

MULN Stock Forecast: Technical Recommendation

MULN Stock Forecast: Google Search Analysis

Google Search Volume for MULN Stock is higher than yesterday.

Mullen Automotive Skyrockets As Solid-State Polymer Battery Testing Exceeds Expectation

MULN Stock Forecast: Sentiment Analysis

Last 7 DaysLast 24 HoursTrend
Net Sentiment ($MULN)+23.3%+22.4%Lower

MULN Stock Forecast: Mutual Fund Holdings with MULN

Mutual Fund NameLast 12-month performance
1290 VT Micro Cap Portfolio-Deka10.8%
BasisStrategie Flexibel17.1%
Vanguard Extended Market Index Fund-5.5%

Mullen Automotive Stock Price Prediction: Short Term Outlook

Trend
OverallNegative
1. Market’s WisdomNegative
1a. Market DataLower
1b. TechnicalSell
2. Crowd’s WisdomNeutral
2a. Google Search Higher
2b. Social Media SentimentLower

MULN Stock Forecast: Latest Tweet

MULN Stock Price Target

Given the level of information available both on the financials and market acceptance of Mullen’s products, no analyst has ventured out with a specific price target. We concur.

Who are some of Mullen Automotive’s key competitors?

Mullen has two lines of businesses

  1. Electric Car Company – The Company is still in the development stage but key competitors would include Tesla, Ford, Lucid, Nio, Rivian and Cenntro
  2. Mullen Auto Sales Business which includes Car Hub – AI platform for selling and buying cars

Read: Ford Stock Forecast

MULN Stock Price Prediction: Recent Developments

Mullen plans to start making the FIVE before the end of the year. In addition, deliveries are planned to begin in 2024. Mullen also paid a “quite reasonable sum” for a production plant in Tunica, Mississippi. In order to meet future demand, the company aims to expand the facility.

Mullen’s CEO David Michery has announced that a large “Fortune 500” company will place an order for MULN vehicles soon. This turned out well for them as Mullen managed to procure a rise in the market. The big question- Which company is Michery talking about? Investors have their eyes open for the reveal soon.

Mullen published its Q3 earnings data with quite a few positive remarks. It announced to reduce its debt by a total of 77% through equity dilution. With this, there was an 281% increase in R&D spending as it announced to open its 5th R&D office in Detroit whose sole purpose would be developing and updating technology for EV vans .

MULN plans to launch its new EV that is demonstrator FIVE EV Crossover vehicles coming this fall. This news has led an increase in price of Mullen shares. For this, they have partnered with Team Rosberg Engineering(TRE) who will be assisting them by making prototype on chassis of the Five EV program.

Also read: LUCID Stock Forecast

Hindenburg Hates on Mullen Automotive and I’m Here for It

MULN Stock Prediction: Progress on Solid-State Polymer Battery

Mullen Automotive, Inc., a Southern California-based electric vehicle company, recently announced progress on solid-state polymer battery technology. This technology is a huge improvement over today’s lithium-ion batteries. Mullen is working on solid-state polymer battery packs for its second-generation Mullen FIVE EV Crossovers. Prototype testing in vehicles is scheduled for 2025. Mullen plans to release its first-generation FIVE EV Crossover in late 2024 with typical lithium-ion battery chemistry. 

Writer: Rakesh Atla

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

MULN Stock Forecast

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