In this article, we will explore Mullen Automotive stock forecast (MULN). MULN increased by 145 percent on February 28, 2022, while global markets fluctuated due to tensions between Ukraine and Russia.
“Mullen’s testing of solid-state polymer cells demonstrates the possibility for a 150-kilowatt-hour battery pack that gives over 600-plus miles of range and emphasizes an 18-minute DC rapid charge that can produce over 300 miles of range,” the firm said.
Mullen Automotive is a research firm established in California that focuses on sustainable energy and electric automobiles.
Following the uproar around Rivian (RIVN) late last year, many EV startups are gaining investor interest. However, given the sector’s dramatic decline since then, that may have been peak EV.
Insider Monkey named Mullen as one of its best stock recommendations for March. This is predicated in part on Mullen’s recent announcement that its newest battery testing resulted in a 600-mile range.
This was the reason for the 145 percent price increase on February 28 after the company announced that it’s “testing of solid-state polymer cells reveals the potential for a 150-kilowatt-hour battery pack that delivers over 600-plus miles of range and highlights an 18-minute DC fast charge that can yield over 300 miles of range.”
Momentum is a tremendous force in markets, particularly penny stocks, which are prone to violent fluctuations. MULN stock is anticipated to witness greater gains due to this news and the current stock surge.
What Is Mullen Automotive?
American auto and electric vehicle maker Mullen Technologies, Inc. has its headquarters in Brea, California. Through its subsidiary CarHub, a network of automobile dealerships in California and Arizona, Mullen Auto Sales division engages in the automotive business.
Mullen Automotive Stock Forecast 2023
The estimated target price for 2023 is $1.48. Positive trends will outweigh negative trends for Mullen Automotive shares, with anticipated volatility of 17.221 percent.
Mullen Automotive Stock Forecast 2024
The goal price for 2024 is estimated to be $1.52. Positive tendencies for Mullen Automotive shares will predominate with probable volatility of 7.218 percent.
Mullen Automotive Stock Forecast 2025
The goal price for 2025 is estimated to be $1.60. Positive tendencies for Mullen Automotive shares will predominate with a predicted volatility of 9.569%.
Mullen Automotive Stock Forecast 2026
In 2026, the average target price for a share of Mullen Automotive is 0.78. Positive dynamics for Momo shares will rule in 2026, and a potential monthly volatility of 49.598 percent is anticipated.
Mullen Automotive Stock Forecast 2027
Our projections indicate long-term growth, and the Mullen Automotive stock forecast for 2027, is 25.856 CAD. The revenue with a 5-year investment is anticipated to be around +76.25 percent. Your $100 investment today might be worth up to $176.25 in 2027.
Mullen Automotive Stock Forecast 2028
Mullen Automotive’s stock forecast for 2028 includes 12 predictions for each month, with an average prognosis of 13.03, a high forecast of 14.84, and a low forecast of 11.75. From the most recent price of $12.7600002288818, the average Mullen Automotive stock forecast for 2028 represents a growth of 2.1 percent.
Mullen Automotive Stock Forecast 2029
Mullen Automotive’s stock forecast for 2029 includes 12 predictions for each month, with an average forecast of 10.02, a high prognosis of 10.46, and a low forecast of 9.47. Compared to the most recent price of $12.7600002288818, the average Mullen Automotive stock forecast for 2029 shows a -21.49 per cent decline.
Mullen Automotive stock forecast 2030
Four forecasts are made for each month of 2030 for the Mullen Automotive stock forecast for 2030 (10 years), with an average Mullen Automotive stock forecast of 14.06, a high forecast of 14.76, and a low forecast of 13.3. From the most recent price of $12.7600002288818, the average Mullen Automotive stock forecast for 2030 represents a growth of 10.17 percent. View more projections below, please.
How To Buy Shares Of Mullen Automotive
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Will Mullen Automotive Stock Go Up?
With a high estimate of 23.00 and a low estimate of 23.00, the 1 analysts providing 12-month price projections for Mullen Automotive Inc have a median target of 23.00. From the most recent price of 0.85, the median projection reflects a growth of +2,605.88 per cent.
Is Mullen Auto A Good Stock To Buy?
Although Mullen Automotive Has Received Positive Press, It Is Not a Buy. Speculative bet MULN stock is looking for a bottom in 2022. Until production picks up, its cash burn should get worse, so stay away for the time being.
Is Mullen Group Stock A Buy?
The near-term picture for Mullen Group is promising, with profit predicted to increase by a double-digit 13% in the coming year. The stock will have stronger cash flow, resulting in a better share valuation.
Is Mullen Automotive Shorted?
Currently, shares of Mullen Automotive are sold short for 13.70 percent of their value.
Does Mullen Automotive Have A Future?
A maker of electric vehicles (EVs), Mullen has a market cap of $105 million. Despite the Mullen FIVE model still being in the early phases of development, it intends to begin manufacturing at its recently acquired Mississippi plant in 2023, even though deliveries are not anticipated until 2024.
Is Mullen A Good Long-Term Investment?
To put it bluntly, MULN will likely be 0 in the long run. Even if Mullen switches to an outsourced model, reducing upfront capital needs, $65 million is not nearly enough money to start manufacturing of any vehicle.
Has Mullen Sold Any Cars?
Mullen was supposed to sell the Qiantu K50 in 2020. However, the vehicle has not yet been seen. The Mullen announced in 2019 that it would sell the Qiantu K50 as the Mullen DragonFly, with its release in the American market anticipated in 2020.
What Is Happening With Mullen Automotive?
Mullen intends to include the solid-state packs in the second-generation Five, which is anticipated to debut in late 2025 or early 2026. It is currently modifying a different factory in California to manufacture battery packs for the Five, cargo vans, and the upscale (though much anticipated) DragonFLY sports vehicle.
Why Did Mullen Automotive Stock Drop So Much?
As a result of the electric vehicle startup failing to disclose the name of the Fortune 500 corporation it is allegedly collaborating with, Mullen Automotive’s (NASDAQ: MULN) shares is down 5% today. Following the Brea, California-based company missing a deadline to give information on the Fortune 500 order, investors are selling shares of MULN stock.
What Does Mullen Automotive Do?
The manufacturer of electric vehicles (EVs) in the development stage is Mullen Automotive, Inc. Offering electric vehicle (EV) options made in the US is the company’s business. The Company engages in several business sectors with a primary concentration on the automotive sector.
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