Mullen Automotive Stock Buy or Sell? MULN Stocks Forecast

Market Capitalization: 316 453 000 $
EBITDA: -148 779 792 $
Price to Earnings: 0.0281
Quarterly Earnings Growth YOY: N/A
Quarterly Revenue Growth YOY: N/A
Trailing PE: 0.0281
Forward PE: -
Shares Outstanding: 2125270000






Mullen Automotive Stock Buy or Sell? MULN Stocks Analytic Forecasts

March 23, 2023 (22:46)

Mullen Automotive, Inc. (MULN) Sector: Consumer defensive

We present you the most up-to-date and complete review of analytical trend forecasts and views on the MULN stock market. Experts share their opinions on what to expect from the Mullen Automotive, Inc. stock market. How likely is the stock price to move in a bullish or bearish trend. Which should help you to make the right decision whether to Buy or Sell Mullen Automotive stocks.

Mullen Automotive, Inc. Stock Market Experts’ Analysis and Forecasting – Sell or Buy MULN Shares?

The most recent analytical view which can help you to answer the worrying question: Should I Buy Stocks Now or Wait? came out under the authorship of Bashar Issa and is titled

“Assembling The Mullen EV Is The Top Priority Right Now”

is published on February 21 (2023) and has 0 likes. The review predicts Bearish market trend.

It summarize the following theses:

  • MULN reports Q4 2022 results showing zero sales despite multiple announcements of vehicle orders.
  • The company is building assembly lines to assemble EV vehicles using Chinese EV parts and designs.
  • Balance sheet challenges will likely result in significant share dilution enough to send shares lower, regardless of the company’s progress in commercializing its vehicles.
  • Cash burn will likely increase as the company continues efforts to assemble its EV.

The author starts his analytic review with the following:

Investment Thesis Last week, Mullen Automotive (NASDAQ:MULN) reported FQ1 2023 results for the three months that ended December 31, 2022, recording no revenue despite prior announcements of vehicle purchase orders that were supposed to be delivered by the fourth quarter. Net loss per share stood at $0.28, with a significant ramp-up in operating expenses as the company continues its efforts to commercialize its Electric Vehicles.

The opinion of the author can be considered quite authoritative.
The number of 3513 followers confirms this.
Bashar Issa is the contributor of experts community
since 2020 and has 237 works published.


One more noteworthy article is written by Leo Imasuen under the title

“Mullen Automotive: Electrifying Rally But Tread With Caution”

on February 7 (2023) and has 3 likes. The expert reflects Bearish trend of the market.

Нis theses make you think about whether to add MULN stocks to your investment portfolio or not, and helps to work out your own Mullen Automotive stock selling strategies:

  • Mullen has rallied from its November 2022 lows on the back of a raft of soft operational developments.
  • The company’s Form-10K, quietly released ahead of a 3-day weekend, paints a dire picture for the near-term future of the EV upstart.
  • With the shareholder vote to increase its outstanding shares to 5 billion from 1.75 billion passing, current longs are set for dilution.
  • This is as the current liquidity position at $54.1 million is insufficient to meet near-term capex needs.

Leo Imasuen starts analysis with such words:

Mullen Automotive (NASDAQ:MULN) is rallying strongly after a near year-long decline of its commons. The reasons for the decline were clear; cash burn, dilution, and rising Fed fund rates. However, this narrative is quickly changing, especially from a macro perspective. Interest rates are only set for two 25 basis point hikes and an unbelievably resilient US economy has set the backdrop for a soft landing. The IMF is now stating US GDP will grow by at least 1.4% this year.

The opinion of the author can be considered quite authoritative.
The number of 7068 followers confirms this.
Leo Imasuen is the contributor of experts community since 2015. Has already published at least 480 articles.


Another analysis presented by Leo Imasuen came out on December 2 (2022). Obviously, coupled with the newer reviews, this forecasting could be useful to find out the best trading strategy for MULN stocks. It sounds like

“Mullen: Cash Burn, Dilution And A Cycle Of Destruction”

Article has got 6 likes at the moment and forecasting Bearish trend of the market.

Summarizing the information presented in the review concerning the Mullen Automotive, Inc., the expert says the following:

  • Mullen’s cash and equivalents are insufficient against its current cash burn from operations.
  • The company does not have the liquidity required to start the production and deliveries of its flagship SUV.
  • Recent acquisitions offer will ramp short-to-medium-term cash burn.

And here, what comes first:

Mullen Automotive (NASDAQ:MULN) might never be able to bring its vehicles to market with cash and equivalents at $61 million against cash burn from operations of $18.3 million last quarter. This comes as the recent public company chases an aggressive strategy of growth with two back-to-back acquisitions set against an ambitious roadmap to bring its premium sport utility EV, the Mullen FIVE, to market. The $55,000 vehicle wants to enter a crowded space currently dominated by Tesla (TSLA). The jostle for market share will also include other significantly better-capitalized competitors from upstart Rivian (RIVN) to traditional automaker Volkswagen (OTCPK:VWAGY).

The opinion of the author can be considered quite authoritative.
The number of 6863 followers confirms this.
Leo Imasuen is the contributor of experts community since 2015. Has already 465 analytic reviews published.


The Share Price of Mullen Automotive, Inc. (MULN) for now

What analysts predict: $23
52-week high/low: $3.6 / $0.125

50/200 Day Moving Average: $0.293 / $0.545

The average stock price over the previous 50/200 days. For Mullen Automotive stocks, the 50-day moving average is the resistance level for now. For MULN stocks, the 200-day moving average is the resistance level today.

See the Detailed Predictions for MULN stock with charts and tables

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