Mullen Automotive Stock Buy or Sell? MULN Stocks Forecast

Market Capitalization: 47 177 800 $
EBITDA: -262 989 424 $
Price to Earnings: None
Quarterly Earnings Growth YOY: N/A
Quarterly Revenue Growth YOY: N/A
Trailing PE: -
Forward PE: -
Shares Outstanding: 6552500






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Mullen Automotive Stock Buy or Sell? MULN Stocks Analytic Forecasts

Updated on February 27, 2024 (10:18)

Mullen Automotive, Inc. (MULN prediction charts) 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 Danil Sereda and is titled

“Mullen Automotive: Worst Is Yet To Come”

is published on September 20 (2023) and has 0 likes. The review predicts Bearish market trend.

It summarize the following theses:

  • Mullen’s stock price started to soar lately. However, the current price of $0.6/sh is still 92% below the price at the time I published my previous Sell call.
  • In this article, I analyze the most recent news and corporate actions. Read on.
  • Aside from the new revenue, I don’t think MULN has anything to boast about. And these revenues are not enough, given the high costs and bleak outlook for the future.
  • I reiterate my Sell recommendation, but strongly advise you not to short this stock, as it could be artificially supported by short squeezing and FOMO for a while longer.

The author starts his analytic review with the following:

Introduction To be honest, I do not know why Mullen Automotive, Inc. (NASDAQ:MULN) stock is so popular among retail investors – the EV industry is full of companies that I think are much more transparent, with operations that are more predictable and understandable for forecasting. However, my first bearish article on the company in May attracted a lot of attention that I honestly did not expect. And now I am hearing even more talks about MULN – in the last 5 days, the stock price has surged over 15%. However, the current price of $0.6/sh is still 92% below the price at the time I published my previous Sell thesis:

The opinion of the author can be considered quite authoritative.
The number of 6386 followers confirms this.
Danil Sereda is the contributor of experts community
since 2020 and has 319 works published.


One more noteworthy article is written by Penny Stocks Today under the title

“Mullen: Bankruptcy Is A Serious Risk”

on August 18 (2023) and has 0 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:

  • As of Q2 2023, Mullen still hasn’t realized any revenue from its vehicle sales.
  • Mullen has around $235 million in cash, which is only enough to keep it operating for FY ‘2023.
  • Despite its cash position, Mullen announced a $25 million stock buyback program in July.
  • Mullen has previously announced two separate deals regarding its class 3 EV trucks that combine to be worth around $80 million.

Penny Stocks Today starts analysis with such words:

Thesis Mullen Automotive, Inc. (NASDAQ:MULN) is at serious risk of going bankrupt. As of March 31, it had around $235 million in liquidity, and with its current cash burn rate and realizing no revenue, it means that it would run out of cash in Q1 2024, according to my estimates. Furthermore, the company will likely have problems raising capital in the future since it is trading just below the $1 mark, and if it continues diluting its shares, it will be at risk of getting delisted since it already effected two reverse splits this year. In addition, the company announced a $25 million stock buyback program, which is not an ideal use of cash given its current financial state. Although the company announced deals worth around $80 million, its operating costs will definitely have to increase due to the ramp-up in production. All of that has led me to give Mullen a sell rating.

The author declares an interesting position, and the number of his followers is 754 and it grows, but not that weighty compared to other authors.
Penny Stocks Today has 29 works published.
The contributor of experts community since 2022. Has published at least 29 articles.


Another analysis presented by Pacifica Yield came out on August 11 (2023). 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 Automotive Is Advancing In Reverse Into Failure”

Article has got 0 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 Automotive is conducting a 1-for-9 reverse stock split, its second in 2023 as dire market confidence towards its medium-term ability to remain a going concern drives shares to lows.
  • The EV upstart is set to buy back its stock even as its outstanding share count has risen by 147% over the last year.
  • Its large cash position is countered by steep free cash outflows and what’s set to be continued near-term losses even as the company begins vehicle production.

And here, what comes first:

Mullen Automotive (NASDAQ:MULN) requires another look after what’s been a marked rally over the last few days after the Brea, California-based EV upstart came out with a raft of market updates, including a decision to buyback $25 million worth of its common shares in the open market. I warned investors to avoid Mullen twice, with the company down 90% since my last update back in February. Critically, such an aggressive price action signals that the market seriously doubts the company’s ability to remain a going concern. This going concern risk is further highlighted by the dramatic collapse that followed the company’s 1-for-25 reverse stock split in May. Mullen has engineered a second reverse stock split with its shareholders set to receive 1 share for every 9 shares they own.

The opinion of the author can be considered quite authoritative.
The number of 9221 followers confirms this.
Pacifica Yield is the contributor of experts community since 2015. Has already 706 analytic reviews published.


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

What analysts predict: $23
52-week high/low: $5620 / $6.36

50/200 Day Moving Average: $9.71 / $147.48

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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