Will Mullen stock ever recover?
Many investors may be wondering if Mullen Automotive stock will rebound from its recent price of virtually $0. Based on its recent performance, MULN stock doesn't appear to be making a quick comeback. We anticipate that Mullen Automotive stock will reach $1 by the end of 2026.
Does Mullen stock have a future?
According to our current MULN stock forecast, the value of Mullen Automotive, Inc. shares will rise by 18.82% and reach $ 3.09 per share by April 24, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 39 (Fear).
Is Mullen dead stock?
Mullen (NASDAQ: MULN) has experienced a significant downtrend in its stock price over the past few years, with shares reaching an all-time low of $0.088 in 2023, representing a decline of over 99% from its peak.
Is Mullen Automotive a good long term investment?
The Mullen Automotive stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average.
Is Mullen making a comeback?
After lacking ignition at the beginning of the week, Mullen Automotive (MULN) stock has made a silent comeback in the second half. The stock has been supported by positive news regarding the future of its electric delivery vans.
Where will Mullen stock be in 5 years?
Mullen Automotive stock price stood at $3.24
According to the latest long-term forecast, Mullen Automotive price will hit $5 by the end of 2024 and then $8 by the end of 2025. Mullen Automotive will rise to $10 within the year of 2026, $12 in 2027, $15 in 2029, $17 in 2032 and $20 in 2035.
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.
Is Mullen doomed?
The End Is in Sight for MULN Stock
As of this writing, MULN stock has fallen almost 99% since February 2023, and that figure is likely to pass 100% soon. A key deadline is approaching that will determine if Mullen is able to remain on the Nasdaq.
Should I hold Mullen stock?
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 (31.37%) is -0.62% vs. the average probability (31.99%) of US stocks analyzed by our Artificial Intelligence.
Is MULN going to be delisted?
Shares of Mullen Automotive Inc. continued their slide into record-low territory Thursday after the electric-vehicle maker received a delisting determination.
Will Mullen ever produce cars?
The THREE is produced at Mullen's Commercial Vehicle Assembly Plant in Tunica, Mississippi. Production at the facility is planned at 3,000 Class 3 vehicles annually per shift.
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.
Is Mullen actually producing cars?
In recent press releases, Mullen refers to the process of forming vehicles as both production and assembly. In fact, Mullen's Tunica facility is called the Mullen Commercial Vehicle Assembly Plant, but was referred to as a “manufacturing plant” in the October 2021 announcement.
Why is Mullen stock so low?
One of the main reasons why Mullen's stock has been plummeting is that the company has never generated a dollar in revenue since going public. It also continues to report a high cash-burn rate, with losses of just under $960 million in 2022.
Why did Mullen stock crash?
Net loss per share decreased due to the company's weighted average shares outstanding increasing by 4,857% year-over-year (YOY). This means that profitability did not actually improve. In fact, it got worse. Of the $1 billion in losses, $820.4 million was attributed to non-cash expenses.
Why did Mullen drop?
Mullen's shares have plummeted nearly 100%. But are profits on the way? Mullen Automotive's share price has plummeted by about 99% since its IPO in 2021 due to the absence of revenue generation and a high cash burn rate.
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 ...
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.
Does BlackRock own Mullen 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.
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.
How much debt does Mullen Automotive have?
Total debt on the balance sheet as of December 2023 : $18.99 M. According to Mullen Automotive's latest financial reports the company's total debt is $18.99 M. A company's total debt is the sum of all current and non-current debts.
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 muln doing a Reverse Stock Split?
(NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announced today that it will effect a 1-for-100 reverse stock split (“Reverse Stock Split”) of its common stock, par value $0.001 per share (“Common Stock”), that will become effective on December 21, 2023, at 12:01 a.m., ...
How many times has muln stock split?
Stock split history for Mullen Automotive (MULN)
Mullen Automotive stock (symbol: MULN) underwent a total of 5 stock splits. The most recent stock split occured on December 21st, 2023. One MULN share bought prior to May 25th, 2016 would equal to 4.4444444444444E-7 MULN shares today.
Is Mullen going to Reverse Stock Split?
21. The reverse split will bring Mullen's cumulative reverse split ratio in 2023 to 1-for-22,500 following a 1-for-25 and 1-for-9 reverse split earlier this year. No fractional shares will be issued through the reverse split. Instead, fractional shares will be rounded up to the nearest whole share.
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