MULN Stock Forecast: $MULN Fails to Extend its Price Rally, drops by 8%


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

MULN Stock Forecast: Performance chart

Stock Name 5 Days 1 Month YTD
MULLEN +31.08% +44.06% -74.8%
NASDAQ +7.29% +8.08% -21.8%

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

MULN Stock Forecast: Technical Recommendation

MULN Stock Forecast: Latest Video

YouTube 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!

FV74pb6WAAcabtk

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.

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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