In this blog post, we will explore Mullen Automotive Stock Price Prediction for its future for the years 2023 – 2026 and see how we think the company will fare in the coming years. Stay tuned for more information on Mullen Automotive’s current performance and future.
It’s no secret that the automotive industry is changing. With new technologies and innovations coming to market every day, it can be hard to keep up. But what does this mean for the future of Mullen Automotive?
The current worth of the stock price of Mullen Automotive is 0.3004 USD. The target price for the year 2025 is estimated to fall to 0.21 USD, however, the 10-year forecast indicates the estimated stock price to be $14.06.
- 1 About Mullen Automotive And Its Performance
- 2 Mullen Automotive Stock Forecasts For 2023, 2024, 2025, 2026, 2027, 2028, 2029, And 2030
- 2.1 Mullen Automotive Stock Price Prediction 2023
- 2.2 Mullen Automotive Stock Price Prediction 2024
- 2.3 Mullen Automotive Stock Price Prediction 2025
- 2.4 Mullen Automotive Stock Price Prediction 2026
- 2.5 Mullen Automotive Stock Price Prediction 2027
- 2.6 Mullen Automotive Stock Price Prediction 2028
- 2.7 Mullen Automotive Stock Price Prediction 2029
- 2.8 Mullen Automotive Stock Price Prediction 2030
- 2.9 Is Mullen Automotive Stock A Good Buy?
- 2.10 FAQs – Mullen Automotive Stock Price Prediction
- 3 Conclusion
About Mullen Automotive And Its Performance
Mullen Automotive is an American manufacturer of electric vehicles. It has its headquarters in Brea, California. The company has a subsidiary called CarHub that operates throughout California and Arizona – selling all makes of cars under one roof.
David Michery is the founder, Chairman, President, and Chief Executive Officer of Mullen Technologies since its inception in 2012. The Company is a tech giant in the automotive space with operations that span from digital platforms to energy solutions.
The company’s acquisition of CarHub, an artificial intelligence-based service for buying cars and selling them at any time or place along with Mullen Energy Solutions which specializes in battery technology has made it one powerful player within these fields!
Mullen Energy’s division focused on battery technology to power emergency points-of-care needs such as those found at hospitals or airports among other things that we could think about including your home electric system.
With a longstanding passion for American innovation in the automotive industry, Mullen has emerged as a leader in the growing field of electric transportation.
Their vehicles are both efficient and powerful, with advanced features that allow customers to experience cutting-edge technology on the road. Whether you’re looking for a sleek sedan or a rugged off-road vehicle, Mullen has something that will meet your needs and exceed your expectations.
Financial Data For Mullen Group Ltd. Stock
|Held Percent By Insiders||13.41%|
|Held Percent By Institutions||5.07%|
|Enterprise To EBITDA||-5.72|
|Enterprise To Revenue||N/A|
|PE Ratio (TTM)||N/A|
|52 Week High||4.1800|
|52 Week Low||0.1800|
|200-Day Moving Average||0.8175|
|Operating Margin (ttm)||0.00%|
Cash Flow Statement
|Operating Cash Flow (ttm)||-47.71M|
|Levered Free Cash Flow (ttm)||12.35M|
Mullen Automotive Stock Forecasts For 2023, 2024, 2025, 2026, 2027, 2028, 2029, And 2030
Mullen Automotive Stock Price Prediction 2023
The current valuation of Mullen Automotive stock is 0.3004 USD. The target price for 2023 is estimated to be $0.19. The trend in price shows negative dynamics with a volatility of around 34.048%.
Mullen Automotive Stock Price Prediction 2024
The target estimated price for 2024 is to be $0.11. Positive dynamics will prevail for Mullen Auto with possible volatility of 48.187%.
Mullen Automotive Stock Price Prediction 2025
Share prices of the company are expected to reach a target price of $0.21 by 2025, with positive trends outweighing positive trends and expected volatility of around 49.204%.
Mullen Automotive Stock Price Prediction 2026
Mullen Auto share prices are expected to be valued at $0.12 per share on average in 2026 with probable monthly volatility of 31.042%.
Mullen Automotive Stock Price Prediction 2027
Growth is projected for the long term and investors can expect the prices to reach 25.856 CAD in 2027. The return on investment in Mullen Automotive over five years is expected to be +76.25. So if you invest $100 today in Mullen, it will be worth $176.25 in 2027.
Mullen Automotive Stock Price Prediction 2028
The forecast for Mullen Automotive’s stock in 2028 includes predictions for each of the 12 months, with an average target price of $13.03, with $11.75 and $14.84 on the lower and higher end respectively, indicating a growth of 2.1 percent.
Mullen Automotive Stock Price Prediction 2029
In 2029, according to projections for each month, the target price is estimated to be $10.02, while $10.46 on the higher and $9.47 on the lower end, indicating a -21.49 percent decline in share prices.
Mullen Automotive Stock Price Prediction 2030
The forecast for Mullen Automotive’s stock in 2030 is positive, with four popular forecasters predicting that its value will grow. The estimated target price is $14.06, with $14.76 on the optimistic end and $13.3 on the pessimistic level, representing an upsurge of 10.17%.
Is Mullen Automotive Stock A Good Buy?
The Mullen Automotive stock has been giving off mixed signals. The Mullen Automotive stock has a buy signal from its short-term moving average, but this is offset by an overall sell recommendation based on the long term.
On one hand, the short-term moving average is holding a buy signal while on the other long-term averaging maintains a sell open towards buyers with its current price angle positive but not by much which gives us a negative forecast for this company’s future success due to changes happening within different market segments over time that will eventually take their toll no matter what happens currently.
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FAQs – Mullen Automotive Stock Price Prediction
Q1: Is MULN A Buy Right Now?
A: The Mullen Automotive stock has been giving off mixed signals. The forecasts show continuously decreasing trends in its stock prices. So MULN stock is not a Buy right now. Investors are currently advised to Hold their stocks.
Q2: Does Mullen Automotive Have A Future?
A: With the release of their second generation Mullen FIVE EV Crossovers, these plug-in hybrid sedans will be able to travel up 40 miles on a single charge. Not only do they have a much better range than before but also offer faster recharging times with solid-state polymer battery packs built into each car. The first generation model is planned for late 2024 which means we’ll see them hit roads early next year just in time on either side if not ahead of other releases from BMW And Mercedes Benz.
Q3: How Many Shares Does Mullen Have?
A: Mullen has 1.66B outstanding and 456.24M floating shares at present.
Q4: Who Invested In Mullen?
A: The largest shareholder among institutional investors is the Pennsylvania-based investment management company Vanguard Group. They held 12 million shares valued at $4.5M as of 29th September, making them directly invested in Mullen Automotive’s success
The future looks bright for Mullen Automotive and its shareholders in the long term. With a strong stock price prediction, Mullen is well on its way to becoming one of the top automotive companies in the world. Thanks for following our analysis of this company!