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Mullen Automotive (MULN) stock forecast for 2024
Updated: April 26, 2024 (03:38)
Sector: Consumer defensiveThe share price of Mullen Automotive, Inc. (MULN) now
50/200 Day Moving Average: $5.63 / $37.54
This figure corresponds to the Average Price over the previous 50/200 days. For Mullen Automotive stocks, the 50-day moving average is the resistance level today.
For Mullen Automotive stocks, the 200-day moving average is the resistance level today.
Are you interested in Mullen Automotive, Inc. stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Mullen Automotive stock price in 2024. How much will one Mullen Automotive share be worth in 2024? Is it worth taking profit / loss on MULN stock now or waiting? What are analysts' forecasts for Mullen Automotive stock?
We forecast Mullen Automotive stock performance using neural networks based on historical data on MULN stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. This corporation stock prediction results are shown below and presented as a graph, table and text information.
Mullen Automotive, Inc. stock forecasts are adjusted once a day based on the closing price of the previous trading day.
The minimum target price for Mullen Automotive analysts is $23. Today 200 Day Moving Average is the resistance level (37.54 $). 50 Day Moving Average is the resistance level (5.63 $).
Historical and forecast chart of Mullen Automotive, Inc. stock
The chart below shows the historical price of Mullen Automotive stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the MULN stock price can be found in the table below.
The Unpredictable Future of MULN Stocks in 2024: Navigating Unknown Waters
Predicting the trajectory of Mullen Automotive, Inc. (NASDAQ:MULN) stock rates for the year 2024 presents a challenge fraught with uncertainties. Given the recent financial disclosures and market activities surrounding MULN, forecasting its stock performance necessitates a closer examination of multiple factors and events poised to shape its future.
Key Influences on MULN Stock Rates in 2024
Firstly, Mullen’s current financial status casts a long shadow on its future prospects. With the company having around $235 million in liquidity as of the end of March and a looming risk of insolvency by Q1 2024, these elements create a precarious situation for the stock. The fact that Mullen has yet to realize any revenue from vehicle sales further exacerbates this concern. Additionally, the decision to initiate a $25 million stock buyback program, despite the tight financial scenario, raises questions regarding the strategic allocation of its limited resources.
Another crucial factor is the company’s stock performance, which has seen fluctuations that often attract retail investors’ attention due to phenomena like short squeezing and FOMO. However, these volatile movements, while possibly offering short-term gains, do not necessarily equate to long-term stability. The risk of delisting due to continuous share dilution and previous reverse splits also looms large, potentially impacting its ability to raise capital efficiently.
Looking ahead to 2024, several factors will likely influence MULN stock rates. The ability to execute and profit from announced deals worth around $80 million related to class 3 EV trucks will be pivotal. Success in these ventures could provide a much-needed lifeline. However, escalating operating costs associated with production ramp-ups could offset these gains.
Given these considerations, the muln stock forecast, muln stock discussion, and muln stock price prediction for 2024 are more speculative than concrete. The muln stock prediction and whether muln is a stock buy or sell will hinge on the company’s strategic moves in the coming months. As investors ponder why is muln stock dropping and keep a wary eye on muln short interest, the unfolding story of Mullen in 2024 remains a watchful game of risk and anticipation.
Mullen Automotive (MULN) Forecast for 2024
Month | Target | Pes. | Opt. | Vol., % |
---|---|---|---|---|
May | 4.67 | 3.28 | 6.44 | 49.09 % |
Jun | 4.04 | 2.72 | 4.85 | 43.82 % |
Jul | 2.96 | 2.23 | 4.00 | 44.26 % |
Aug | 3.02 | 1.94 | 3.43 | 43.47 % |
Sep | 2.12 | 1.06 | 2.89 | 63.38 % |
Oct | 1.88 | 1.12 | 2.26 | 50.31 % |
Nov | 1.44 | 0.93 | 1.87 | 50.54 % |
Dec | 1.14 | 0.75 | 1.60 | 53.28 % |
Mullen Automotive information and performance
3363 NE 163RD STREET, SUITE 705, NORTH MIAMI BEACH, FL, US
Market capitalization of the Mullen Automotive, Inc. is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of MULN shares in the company outstanding by the market price of one share.
EBITDA of Mullen Automotive is earnings before interest, income tax and depreciation of assets.
P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit
Price/earnings to growth
Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.
Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.
EPS shows how much of the net profit is accounted for by the common share.
Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.
Forward P/E uses projections of future earnings instead of final numbers.
Enterprise Value (EV) /Revenue
The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).
Number of issued ordinary shares
Number of freely tradable shares
Shares Short Prior Month - the number of shares in short positions in the last month.
Mullen Automotive price target for 2024 by month
Target values for the price of one Mullen Automotive share for May 2024.
In May, the Positive dynamics for Mullen Automotive, Inc. shares will prevail with possible monthly volatility of 49.092% volatility is expected.
Pessimistic target level: 3.28
Optimistic target level: 6.44
Target values for the price of one Mullen Automotive share for Jun 2024.
In Jun, the Negative dynamics for Mullen Automotive, Inc. shares will prevail with possible monthly volatility of 43.820% volatility is expected.
Pessimistic target level: 2.72
Optimistic target level: 4.85
Target values for the price of one Mullen Automotive share for Jul 2024.
In Jul, the Negative dynamics for Mullen Automotive, Inc. shares will prevail with possible monthly volatility of 44.264% volatility is expected.
Pessimistic target level: 2.23
Optimistic target level: 4.00
Target values for the price of one Mullen Automotive share for Aug 2024.
In Aug, the Positive dynamics for Mullen Automotive, Inc. shares will prevail with possible monthly volatility of 43.467% volatility is expected.
Pessimistic target level: 1.94
Optimistic target level: 3.43
Target values for the price of one Mullen Automotive share for Sep 2024.
In Sep, the Negative dynamics for Mullen Automotive, Inc. shares will prevail with possible monthly volatility of 63.380% volatility is expected.
Pessimistic target level: 1.06
Optimistic target level: 2.89
Target values for the price of one Mullen Automotive share for Oct 2024.
In Oct, the Negative dynamics for Mullen Automotive, Inc. shares will prevail with possible monthly volatility of 50.312% volatility is expected.
Pessimistic target level: 1.12
Optimistic target level: 2.26
Target values for the price of one Mullen Automotive share for Nov 2024.
In Nov, the Negative dynamics for Mullen Automotive, Inc. shares will prevail with possible monthly volatility of 50.539% volatility is expected.
Pessimistic target level: 0.93
Optimistic target level: 1.87
Target values for the price of one Mullen Automotive share for Dec 2024.
In Dec, the Negative dynamics for Mullen Automotive, Inc. shares will prevail with possible monthly volatility of 53.279% volatility is expected.
Pessimistic target level: 0.75
Optimistic target level: 1.60
Mullen Automotive (MULN) stock dividend
Mullen Automotive last paid dividends on 01/01/1970. The next scheduled payment will be on 10/05/2017. The amount of dividends is $None per share. If the date of the next dividend payment has not been updated, it means that the issuer has not yet announced the exact payment. As soon as information becomes available, we will immediately update the data. Bookmark our portal to stay updated.
Last Split Date: 01/01/1970
Splitting of shares is an increase in the number of securities of the issuing company circulating on the market due to a decrease in their value at constant capitalization.
For example, a 5: 1 ratio means that the value of one share will decrease 5 times, the total amount will increase 5 times. It is important to understand that this procedure does not change the capitalization of the company, as well as the total value of assets held in private hands.
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All forecast data on the site are provided for informational purposes of using neural forecasting tools in the financial market and are not a call to action and, moreover, are not trading signals. When using the forecast data, the investor assumes all financial risks. The pandaforecast.com portal is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.