Is Mullen stock good to buy?
Mullen Automotive (MULN) is today a Hold, according to our AI technology analysis. It has an AI Score of 5/10 (Hold) because its overall probability of beating the market (S&P 500) in the next 3 months (31.41%) is -0.61% vs. the average probability (32.02%) of US stocks analyzed by our Artificial Intelligence.
Is Mullen Automotive Stock Undervalued? The current Mullen Automotive [MULN] share price is $3.77. The Score for MULN is 7, which is 86% below its historic median score of 50, and infers higher risk than normal. MULN is currently trading in the 0-10% percentile range relative to its historical Stock Score levels.
According to our current MULN stock forecast, the value of Mullen Automotive, Inc. shares will rise by 18.82% and reach $ 3.09 per share by April 24, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 39 (Fear).
The average one-year price target for Mullen Automotive, Inc. is $23.46. The forecasts range from a low of $23.23 to a high of $24.15.
Mullen Automotive stock price stood at $2.91
According to the latest long-term forecast, Mullen Automotive price will hit $4 by the end of 2024 and then $7 by the end of 2025. Mullen Automotive will rise to $10 within the year of 2026, $12 in 2028, $15 in 2031 and $17 in 2034.
The Mullen Automotive stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average.
Mullen Automotive has a total shareholder equity of $271.8M and total debt of $9.1M, which brings its debt-to-equity ratio to 3.4%. Its total assets and total liabilities are $381.2M and $109.4M respectively.
Many investors may be wondering if Mullen Automotive stock will rebound from its recent price of virtually $0. Based on its recent performance, MULN stock doesn't appear to be making a quick comeback. We anticipate that Mullen Automotive stock will reach $1 by the end of 2026.
- AMC3.160.24% AMC Entertainment Holdings, Inc.
- WULF2.290.16% TeraWulf Inc.
- PACB1.550.09% Pacific Biosciences of California, Inc.
- TELL0.500.11% Tellurian Inc.
- CNXA1.500.42% Connexa Sports Technologies Inc.
- GEVO0.660.06% Gevo, Inc.
- TWG3.731.88% Top Wealth Group Holding Limited.
- AGBA1.250.22%
The company has minimal revenue – in the thousands – yet spent over $229 million on operating expenses over that time. Last year, it burned through $740 million! Thus, it has effectively no gross profit, and Mullen's massive overhead costs lead to large losses and negative cash flow quarter after quarter.
Will Mullen ever produce cars?
The THREE is produced at Mullen's Commercial Vehicle Assembly Plant in Tunica, Mississippi. Production at the facility is planned at 3,000 Class 3 vehicles annually per shift.
MULN Stock Analysis: This Could Squeeze Higher in 2024
If you can handle risk and volatility, a now is a good time to consider a tiny share position in Mullen Automotive.
Mullen Technologies was combined with Coda Automotive to form the basis of Mullen Automotive. Mullen originally intended to launch the Dragonfly K50 luxury sports car, now called the Mullen GT and GTRS, in the U.S. by 2021. However as of March 2023, the company is still finalizing engineering.
Mullen Automotive Stock Ownership FAQ
Kenges Rakishev is the largest individual Mullen Automotive shareholder, owning 19.71M shares representing 300.74% of the company. Kenges Rakishev's Mullen Automotive shares are currently valued at $78.82M.
On March 11, 2024 - Vanguard Group Inc filed a 13F-HR/A form disclosing ownership of 115,214 shares of Mullen Automotive, Inc. (US:MULN) valued at $1,646,408 USD as of December 31, 2023.
Share Statistics
MULN has 6.55 million shares outstanding.
Mullen Automotive Receives Delisting Determination from Nasdaq Staff for Failure to Maintain Minimum $1.00 Bid Requirement.
Largest shareholders include Susquehanna International Group, Llp, Susquehanna International Group, Llp, Wolverine Trading, Llc, Vanguard Group Inc, BlackRock Inc., VEXMX - Vanguard Extended Market Index Fund Investor Shares, Wolverine Trading, Llc, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Geode ...
Top Institutional Holders
Blackrock Inc. Charles Schwab Investment Management, Inc. Citigroup Inc.
NEW ORLEANS, Dec. 1, 2023 /PRNewswire/ -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation into Mullen Automotive, Inc. (NasdaqCM: MULN).
Why is Mullen stock so low?
One of the main reasons why Mullen's stock has been plummeting is that the company has never generated a dollar in revenue since going public. It also continues to report a high cash-burn rate, with losses of just under $960 million in 2022.
One of the main reasons why Mullen's share price has plummeted to this extreme point is that the company has never generated a dollar in revenue since its IPO.
On February 13, 2024 - BlackRock Inc. filed a 13F-HR form disclosing ownership of 82,813 shares of Mullen Automotive, Inc. (US:MULN) valued at $1,183,398 USD as of December 31, 2023.
Mullen Automotive stock (symbol: MULN) underwent a total of 5 stock splits. The most recent stock split occured on December 21st, 2023. One MULN share bought prior to May 25th, 2016 would equal to 4.4444444444444E-7 MULN shares today.
| Name | Price | Price Change |
|---|---|---|
| INVO INVO Bioscience | $1.37 | $0.15 (9.87%) After 3.65% |
| CXAI CXApp | $3.48 | $0.31 (9.78%) After 0.29% |
| SPEC Spectaire Holdings | $0.60 | $0.02 (3.23%) After 3.17% |
| GOEV Canoo | $2.85 | $0.15 (5%) After 0.7% |
References
- https://www.investopedia.com/terms/m/movingaverage.asp
- https://finance.yahoo.com/news/16-most-volatile-stocks-buy-141732618.html
- https://www.investopedia.com/ask/answers/071414/whats-difference-between-moving-average-and-weighted-moving-average.asp
- https://www.fisdom.com/how-to-predict-stock-price-for-next-day/
- https://blueberrymarkets.com/market-analysis/news/what-is-5-3-1-trading-strategy/
- https://www.tickertape.in/blog/most-volatile-stocks-in-nse/
- https://www.nasdaq.com/articles/options-action:-10-stocks-showing-high-implied-volatility-percentile
- https://www.investopedia.com/best-stock-screeners-5120586
- https://coincodex.com/stock/MULN/price-prediction/
- https://time.com/personal-finance/article/how-are-stock-prices-determined/
- https://www.angelone.in/knowledge-center/online-share-trading/7-day-moving-average
- https://www.nasdaq.com/articles/3-smart-penny-stocks-with-huge-potential
- https://www.investors.com/how-to-invest/investors-corner/moving-averages-provide-effective-tool-for-your-trading/
- https://www.morningstar.ca/ca/news/234575/what-happens-if-a-companys-stock-falls-to-zero.aspx
- https://www.nasdaq.com/stocks/investing-lists/momentum-stocks
- https://poe.com/poeknowledge/1512928000274648
- https://www.investopedia.com/terms/o/openingprice.asp
- https://www.ig.com/en/trading-strategies/what-were-the-biggest-short-squeezes-in-history--210507
- https://www.investopedia.com/articles/active-trading/021115/how-find-most-actively-traded-stocks.asp
- https://fintel.io/so/us/muln/vanguard-group
- https://money.usnews.com/investing/articles/best-value-stocks-to-buy-now
- https://www.investing.com/equities/most-active-stocks
- https://www.thestreet.com/memestocks/other-memes/is-mullen-automotive-muln-the-most-compelling-penny-stock
- https://www.fidelity.com.sg/beginners/your-guide-to-stock-investing/understanding-stock-market-volatility-and-how-it-could-help-you
- https://www.indmoney.com/us-stocks/top-gainers
- https://www.investopedia.com/articles/trading/11/pitfalls-moving-averages.asp
- https://www.forex.com/en-us/news-and-analysis/a-guide-to-volatility-trading-its-causes-and-the-most-volatile-markets/
- https://www.econ.iastate.edu/node/656
- https://www.thebalancemoney.com/find-day-trading-stocks-1031458
- https://content.stocktrak.com/faq/what-is-an-open-order/
- https://en.wikipedia.org/wiki/Mullen_Automotive
- https://stockanalysis.com/stocks/muln/statistics/
- https://finance.yahoo.com/news/14-money-making-stocks-invest-134504176.html
- https://www.fidelity.com/learning-center/trading-investing/trading/momentum-trading-strategies
- https://fintel.io/so/us/muln
- https://investorplace.com/2023/10/muln-stock-mullen-says-it-will-make-160-class-3-evs-before-2024/
- https://www.indiainfoline.com/knowledge-center/share-market/what-is-the-timing-of-intraday-trading
- https://admiralmarkets.com/education/articles/shares/the-best-performing-stocks-in-history
- https://www.usatoday.com/money/blueprint/investing/best-penny-stocks/
- https://www.warriortrading.com/why-day-traders-thrive-when-volatility-spikes/
- https://finance.yahoo.com/most-active/
- https://www.investopedia.com/articles/trading/05/011705.asp
- https://www.toppr.com/ask/question/the-most-volatile-liquid-among-the-following-is/
- https://corporatefinanceinstitute.com/resources/data-science/moving-average/
- https://www.btcc.com/en-US/academy/financial-investment/mullen-automotive-muln-stock-forecast-2023-2025-2030-is-muln-stock-a-good-investment
- https://www.investopedia.com/ask/answers/122414/what-are-most-common-periods-used-creating-moving-average-ma-lines.asp
- https://www.investopedia.com/terms/s/sma.asp
- https://finance.yahoo.com/news/mullen-stock-buy-sell-hold-142433316.html
- https://www.screener.in/screens/797657/stock-doubling-every-3-years/
- https://money.usnews.com/investing/articles/high-paying-dividend-stocks-in-the-s-p-500
- https://www.investopedia.com/terms/o/openorder.asp
- https://en.wikipedia.org/wiki/Morningstar_Rating_for_Stocks
- https://finance.yahoo.com/gainers/
- https://www.warriortrading.com/how-to-make-a-living-day-trading/
- https://www.investopedia.com/articles/trading/10/know-your-trading-alternatives.asp
- https://www.investopedia.com/articles/investing/100115/use-options-data-predict-stock-market-direction.asp
- https://www.barchart.com/stocks/quotes/$VIX/technical-analysis
- https://www.quora.com/Why-do-some-stocks-not-move-when-the-market-is-open-0-00-in-days-gain
- https://www.investopedia.com/articles/active-trading/053115/average-rate-return-day-traders.asp
- https://www.nerdwallet.com/article/investing/average-stock-market-return
- https://intradayscreener.com/momentum-stocks
- https://www.investopedia.com/ask/answers/100314/what-are-key-factors-cause-market-go-and-down.asp
- https://coinpriceforecast.com/muln-stock
- https://www.fool.com/investing/how-to-invest/stocks/when-to-sell-stocks/
- https://www.investopedia.com/articles/active-trading/041814/four-most-commonlyused-indicators-trend-trading.asp
- https://investorplace.com/2024/02/the-squeeze-is-on-is-this-the-start-of-mullen-stocks-turnaround-story/
- https://www.ig.com/en/trading-strategies/moving-averages--how-to-calculate-them-and-use-them-in-your-trad-181008
- https://www.warriortrading.com/how-much-money-do-you-need-to-day-trade/
- https://www.ig.com/en/trading-strategies/what-are-the-best-timeframes-in-forex-trading--210805
- https://www.prnewswire.com/news-releases/mullen-automotive-investigation-initiated-by-former-louisiana-attorney-general-kahn-swick--foti-llc-investigates-the-officers-and-directors-of-mullen-automotive-inc---muln-302003708.html
- https://www.quora.com/What-does-it-mean-when-share-price-remains-constant-throughout-the-day
- https://www.5paisa.com/share-market-today/small-cap-stocks
- https://www.thestreet.com/memestocks/other-memes/mullen-stock-is-it-worth-more-than-a-dime
- https://simplywall.st/stocks/us/automobiles/nasdaq-muln/mullen-automotive/health
- https://fintel.io/so/us/muln/blackrock
- https://www.quora.com/How-does-Robinhoods-5-mark-up-on-all-market-orders-work
- https://poe.com/poeknowledge/1512928000358234
- https://capital.com/moving-average
- https://www.poems.com.sg/glossary/trading-terms/trade-sizing/
- https://www.investors.com/etfs-and-funds/sectors/sp500-magnificent-7-stocks-dominate-even-more-now/
- https://www.investopedia.com/ask/answers/012815/why-50-simple-moving-average-sma-so-common-traders-and-analysts.asp
- https://money.usnews.com/investing/articles/best-long-term-stocks-to-buy
- https://www.indmoney.com/articles/top-5-stocks-to-invest
- https://www.wallstreetzen.com/stocks/us/nasdaq/muln/ownership
- https://stockinvest.us/stock/MULN
- https://news.mullenusa.com/mullen-automotive-receives-delisting-determination-from-nasdaq-staff-for-failure-to-maintain-minimum-1.00-bid-requirement
- https://www.econ.iastate.edu/ask-an-economist/what-causes-stocks-price-change
- https://www.oanda.com/us-en/learn/indicators-oscillators/filtering-out-the-noise-moving-averages/
- https://tradeciety.com/how-to-use-moving-averages
- https://www.icicidirect.com/ilearn/stocks/articles/why-do-stock-market-orders-not-get-executed
- https://fintel.io/sfo/us/muln
- https://www.tipranks.com/screener/penny-stocks
- https://support.zerodha.com/category/trading-and-markets/corporate-actions/general/articles/the-price-of-the-stock-and-its-futures-contract-is-moving-but-i-see-no-price-movement-in-the-stock
- https://www.tradingview.com/markets/stocks-usa/market-movers-most-volatile/
- https://www.benzinga.com/pro/blog/best-stocks-that-trade-sideways
- https://community.oneplus.com/thread/62481
- https://tiomarkets.com/article/does-day-trading-make-sense-can-you-succeed-as-a-day-trader
- https://www.schwab.com/learn/story/after-hours-trading-will-it-work-you
- https://optioncharts.io/trending/highest-implied-volatility-stock-tickers
- https://www.financialsamurai.com/average-daily-percent-move-of-the-stock-market/
- https://corporatefinanceinstitute.com/resources/career-map/sell-side/capital-markets/momentum-indicators/
- https://www.investors.com/how-to-invest/investors-corner/50-day-moving-average-identifies-buy-sell-signals/
- https://finance.yahoo.com/most-active
- https://fbs.com/analytics/tips/1-2-3-reversal-pattern-strategy-32460
- https://www.vectorvest.com/blog/stockmarket/how-to-find-stocks-to-day-trade/
- https://finance.yahoo.com/u/yahoo-finance/watchlists/most-active-penny-stocks/
- https://finance.yahoo.com/news/study-determines-best-moving-average-195042216.html
- https://finance.yahoo.com/quote/MULN/holders/
- https://www.tradingview.com/markets/stocks-usa/market-movers-active/
- https://www.investopedia.com/terms/u/unchanged.asp
- https://www.vectorvest.com/blog/market-timing/best-day-of-the-week-to-buy-stocks/
- https://robinhood.com/support/articles/why-hasnt-my-order-been-filled/
- https://financhill.com/stock-forecast/muln-stock-prediction
- https://federal-criminal-lawyer.com/is-day-trading-legal/
- https://companiesmarketcap.com/mullen-automotive/stock-splits/
- https://www.fidelity.com/viewpoints/active-investor/moving-averages
- https://www.shareindia.com/knowledge-center/intraday-trading/intraday-trading-indicators
- https://stockanalysis.com/list/biggest-companies/
- https://www.investopedia.com/articles/active-trading/060514/finding-and-trading-volatile-stocks-technical-indicators.asp
- https://corporatefinanceinstitute.com/resources/career-map/sell-side/capital-markets/golden-cross/
- https://www.linkedin.com/pulse/moving-average-trading-strategies-quantifiedstrategies-uhcxf
- https://www.investopedia.com/ask/answers/06/stockmarketmove.asp
- https://www.chase.com/personal/investments/learning-and-insights/article/why-day-of-the-week-investing-is-a-no-go-strategy
- https://uk.advfn.com/trading/red-hot-penny-shares
- https://www.screener.in/screens/300202/stocks-with-good-1-month-returns/
- https://www.ginesys.in/blog/how-identify-fast-moving-and-slow-moving-stock
- https://tradethatswing.com/best-stocks-for-day-trading-updated-weekly/
- https://www.nirmalbang.com/knowledge-center/50-day-moving-average.html
- https://www.5paisa.com/share-market-today/stocks-to-buy-or-sell-today
- https://www.screener.in/screens/163363/growth-stocks-for-future/
- https://www.disnat.com/en/learning/trading-basics/stock-basics/what-causes-stock-prices-to-change
- https://in.tradingview.com/markets/stocks-india/market-movers-most-volatile/
- https://www.investopedia.com/terms/o/open.asp
