| June 24th, MULN Stock Forecast: The current Outlook remains Neutral
The Target for the Next 12 months is $23. a. Is MULN stock buy or sell? |
Latest MULN Stock Price
| Share Volume | Higher |
| Forward P/E 1 Year | NA |
Table of Contents
MULN Stock Forecast: Performance chart
The stock is highly volatile and meant for speculative trading only.
MULN Stock Forecast: Technical Recommendation
MULN Stock Forecast: Latest Video
MULN Stock Forecast: Google Search Analysis
Mullen Automotive Skyrockets As Solid-State Polymer Battery Testing Exceeds Expectation
MULN Stock Forecast: Sentiment Analysis
| Last 7 Days | Last 24 Hours | Trend | |
| Net Sentiment ($MULN) | -1.8% | -7.5% | Higher |
MULN Stock Forecast: Mutual Fund Holdings with MULN
| Mutual Fund Name | Last 12-month performance |
| 1290 VT Micro Cap Portfolio-Deka | 10.8% |
| BasisStrategie Flexibel | 17.1% |
| Vanguard Extended Market Index Fund | -5.5% |
MULN Stock Prediction: CrowdWisdom360 Insights
- In a press release, Mullen revealed that it has filed over 130 patent applications in 24 countries for the FIVE’s design and styling, including various factors like body, doors, seats, and steering.
- The company also noted that it filed 19 design-related patent applications for “19 distinct designs” in the U.S.
- Mullen shares have fallen more than 70% as the S&P 500 SPX, -0.13% has dropped 21% yearly.
- However, following this announcement, shares of Mullen Automotive Inc. jumped by 5.26%; reportedly, the stock is heading for a straight six-day winning streak
MULN Stock Buy or Sell
- There is very little revenue data available from recent quarters but it is likely the entire revenue comes from its traditional business
- Mullen’s products are not yet market tested
- Mullen has fallen significantly as the appetite for risk has diminished on account of Fed movies and negative sentiments towards the market
- There is limited visibility on when the markets will recover with some claiming this is the bottom while others believe we have some time to go.
- Therefore, the environment is extremely uncertain at the moment with chances of a move lower much higher than the possibility of a move lower.
- Therefore, from the information available it is not a good stock to buy at the moment.
Mullen Automotive Stock Price Prediction: Short Term Outlook
| Trend | ||
| Overall | Neutral | |
| 1a. Market Data | Positive | |
| Volume | Higher | |
| Performance vs NASDAQ (Last 5 Days) | Higher | |
| 1b. Technical | Neutral | |
| 2. Crowd’s Wisdom | Neutral | |
| Google Search (Weekly) | Lower | |
| Social Media Sentiment | Higher |
MULN Stock Forecast: Latest Tweet
Originally tweeted by Corey Andrews (@C0REY_Andrews) on June 23, 2022.
$MULN Golden Cross coming up on 1 day Chart, once it happens, she’s going to explode to new highs. Less than a week away (Announcement of Major Fortune 500 Company, by end of 2nd Quarter) Let’s get Rich!
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
- Electric Car Company – The Company is still in the development stage but key competitors would include Tesla, Ford, Lucid, Nio, Rivian and Cenntro
- 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.
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.
