Should I hold Mullen stock? (2024)

Should I hold Mullen stock?

Stock analysis & scores update: Mullen Automotive (MULN) 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 a good stock to buy right now?

Mullen Automotive holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Will Mullen stock ever recover?

The Mullen Automotive, Inc. stock prediction for 2025 is currently $ 18.41, assuming that Mullen Automotive, Inc. shares will continue growing at the average yearly rate as they did in the last 10 years. This would represent a 539.24% increase in the MULN stock price.

Will Mullen stock squeeze?

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.

What is the 5 year forecast for Mullen stock?

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.

Can Mullen be delisted?

Mullen Automotive Receives Delisting Determination from Nasdaq Staff for Failure to Maintain Minimum $1.00 Bid Requirement.

How high can Mullen Automotive stock go?

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.

Why is MULN stock so low?

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.

Who is investing in MULN stock?

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 ...

Is Mullen in debt?

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.

Who owns most MULN stock?

Mullen Automotive (NASDAQ: MULN) is owned by 4.92% institutional shareholders, 1,472.58% Mullen Automotive insiders, and 0.00% retail investors. Kenges Rakishev is the largest individual Mullen Automotive shareholder, owning 19.71M shares representing 300.74% of the company.

Is Mullen heavily shorted?

According to Benzinga Pro, Mullen Automotive's peer group average for short interest as a percentage of float is 10.18%, which means the company has more short interest than most of its peers.

Is Mullen profitable?

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.

Has Mullen sold any cars?

Mullen Delivers 63 More Class 3 Vehicles to Randy Marion Automotive Group Valued at $3,969,000; To-Date, 121 Class 3s Delivered Valued at $7,623,000. To date, Mullen has delivered 121 Class 3 vehicles for a total of $7,623,000 invoiced.

What penny stocks to buy today?

Did Vanguard buy Mullen stock?

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.

Do I lose my investment if a stock is delisted?

When a company delists, investors still own their shares. However, they'll no longer be able to sell them on the exchange. Instead, they'll have to do so over the ounter (OTC).

Why won't Mullen stock go up?

With its various EV projects years away from scaling up to the point of profitability, high losses and shareholder dilution will persist. To maintain its NASDAQ market listing, Mullen will keep on reverse-splitting shares, as it's done before, most recently in December.

What is the stock price prediction for Mullen in 2030?

With steady growth, capturing 2% of the U.S. EV market share and the manufacturing of more than 50,000 vehicles per year, Mullen could see its stock price in the $15 – $30 range by 2030.

Is Mullen going to make cars?

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.

Why did Mullen Automotive drop so much?

Why is Mullen Stock Dropping? The staggering 99% drop in Mullen Automotive's share price in 2023 can be attributed to a confluence of financial and operational challenges. As of Q2 2023, the company had not generated any revenue from vehicle sales, although revenue began to materialize in Q3.

Does BlackRock own MULN stock?

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. The entity filed a previous 13F-HR on November 13, 2023 disclosing 0 shares of Mullen Automotive, Inc..

Why is Mullen falling?

Mullen Group's shares fell sharply Thursday after the Canadian trucking company warned it expected a soft first half to the new year as the economy faces headwinds and consumers appear to be stretched. In morning trading, the shares were 6.1% lower at C$14.42, narrowing the advance so far in 2024 to 2.7%.

How many shares of Mullen are there?

Share Statistics

MULN has 6.55 million shares outstanding.

How much was MULN stock in 2012?

The closing price for Mullen Automotive (MULN) in 2012 was $1,000,000.00, on December 31, 2012. It was up 11.1% for the year.