Mullen Automotive Stock Price Prediction 2023, 2024, 2025, 2026, 2029, 2030

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You’ve come to the right place if you’re looking for an exciting EV penny stock. In this piece, we’ll look at Mullen Automotive stock price prediction for 2023, 2025, and 2030, giving you a look into the future of this exciting possibility.

Southern California-based manufacturer Mullen Automotive continues to work extensively to develop the next wave of luxury electric vehicles (EVs) that are both affordable for common people and proudly made in the U.S.

With a full end-to-end habitat, Mullen makes sure that customers are understood and cared for throughout the entire process of purchasing and maintaining an electric vehicle (EV). This includes finance, maintenance, test runs, and more.

In 2024, Mullen Automotive will release the Mullen FIVE, which will be their first electric car. The vehicle has an award-winning design that will take your breath away, and its innovative PERSONA modern technology will change the way you drive. PERSONA develops a unique experience for everyone who drives based on their preferences and style by using facial recognition.

So, stay tuned as we look into Mullen Automotive’s exciting prospects and the bright future of its stock. Let’s start this exciting trip into the world of eco-friendly transportation together!

Recent Development in Mullen Automotive

An important announcement was made on December 15, 2022, at BREA, California, and it was distributed via InvestorWire and GLOBE NEWSWIRE. This announcement has caused enthusiasm to spread across the electric vehicle (EV) sector.

The prestigious Randy Marion Automotive Group (RMA) has placed a purchase order with the revolutionary start-up company Mullen Automotive, Inc. for a startling number of 6,000 Class 1 EV cargo vans. This is a huge leap of faith for RMA.

Not only does this large order, which has a value of over $200 million, demonstrate RMA’s faith in Mullen’s potential, but it also represents a moment of success for the rapidly expanding electric vehicle sector.

The relationship between RMA and Mullen Automotive represents a significant vote of confidence in the fledgling company because RMA is one of the largest and most recognized dealer groups in the United States that specializes in commercial vehicles.

In exchange, Mullen has chosen RMA to be its first commercial dealer partner. In this capacity, RMA will be responsible for providing sales, service, and parts for Mullen’s range of commercial vehicles, which are electrified.

Another exciting new turn of events occurred when Mullen made public on September 8th, 2022, the news that it had bought a majority position in Bollinger Motors, a pioneering company in the field of electric truck technology.

This audacious move is worth a total of $148.2 million in cash and shares, and it gives Mullen a 60% controlling stake in Bollinger Motors, Inc. Additionally, it propels the firm into the market for medium-duty vehicle classes 3-6 as well as B1 and B2 sport utility trucks.

Because of this crucial purchase, Mullen is now in a position to dominate the markets for electric sport utility vehicles and commercial vehicles, therefore paving the way for a more positive and environmentally friendly future.

Overview of Mullen Automotive

Parameters NameValue/Price
Current Stock Price$0.7592
Market Cap162.30M
Enterprise Value198.04M
Price/Sales (TTM)NA
Enterprise Value/RevenueNA
Price/Book (MRQ)NA
Enterprise Value/EBITDA-0.27
52 Week High/Low$0.08 – $1.7100
50/200 Day Moving Average$0.17/ $0.4032
S&P500 52-Week Change-0.91%
Official Websitehttps://www.mullenusa.com/
Source: Yahoo Finance on May 31, 2023

Mullen Automotive Stock Price Prediction | Muln Stock Forecast

Mullen Automotive Stock Price Forecast YearAverage Share Price
Mullen Automotive Stock Price Prediction 2023$0.25
Mullen Automotive Stock Price Prediction 2024$0.60
Mullen Automotive Stock Price Prediction 2025$2.25
Mullen Automotive Stock Price Prediction 2026$3.98
Mullen Automotive Stock Price Prediction 2029$9.10
Mullen Automotive Stock Price Prediction 2030$13.87
Mullen Automotive Stock Price Forecast (2023 – 2030)

Mullen Automotive Stock Price Prediction 2023 | Muln Stock Forecast 2023

In the electrified world of the electric vehicle industry, where tough rivalry is abundant, titans such as Tesla, Nio Stock, Rivian Stock, and Lucid Motor are competing with one another for dominance. Nevertheless, the underdog stock MULN has undergone a huge price decline, and as a result, it is now emerging as an appealing deal that is simply too excellent to pass up.

A revitalized feeling of hope has been created as a result of Mullen Automotive’s courageous entry into the electric vehicle (EV) industry for last-mile deliveries, as well as their unrelenting attempts to lower their debt. The Mullen Automotive Stock Price Prediction for 2023 says that the Muln Stock projection for 2023 will see the stock trading between an exciting 0.18 USD and 0.32 USD. As we peer into the future, we can see that this prediction comes from Mullen Automotive.

Do not pass up the exciting chance to be a part of Mullen Automotive’s adventure as they defy the odds and attempt to establish their mark in the extremely competitive EV environment. This is an opportunity that you do not want to miss out on.

Mullen Automotive Stock Price Prediction 2024 | Muln Stock Forecast 2024

According to our 2024 Mullen Automotive share price prediction, the stock price could range from $0.4 to $0.8. This year Mullen Automotive will focus more attention and investment of capital on manufacturing and prepare to compete with established, technologically proficient electric car makers.

Mullen Automotive Stock Price Prediction 2025 | Muln Stock Forecast 2025

Mullen Automotive Stock Forecast 2025
Mullen Automotive Stock Forecast 2025

Mullen Automotive has big plans to take over Europe, get rid of its debt quickly, and buy a cutting-edge electric vehicle (EV) last-mile transport company. Looking ahead to the year 2023, Mullen Automotive will unquestionably become a major manufacturing player in the electric vehicle (EV) industry.

Mullen Automotive Stock Forecast for 2025 has people’s hearts racing and building up their excitement. There’s a good chance that the Muln Stock prediction for 2025 could skyrocket to between $1.45 and $3.04 in the next year.

Get ready to be swept off your feet as Mullen Automotive sets out on an exciting trip to change the EV market and capture the attention of the world.

Mullen Automotive Stock Price Prediction 2026 | Muln Stock Forecast 2026

The stock of Mullen Automotive could soar with a rate of 50% in the year 2026 with positive customer feedback and feed trust on the vehicle of this EV company. Based on our analytical analysis, the stock of Mullen Automotive could trade on the stock exchange between $3.85 and $4.12 in 2026.

Mullen Automotive Stock Price Prediction 2029 | Muln Stock Forecast 2029

Mullen Automotive’s future is bright, with monthly estimates depicting a striking picture of expansion and success. The target price is predicted to swing between cautiously hopeful lows of $8.95 and enticing highs of $9.25. Investors are overjoyed at the thrilling 20% rise from the prior year, and hearts are racing with expectations for the prosperous road ahead.

Mullen Automotive Stock Price Prediction 2030 | Muln Stock Forecast 2030

In 2030, there is optimism and excitement around Mullen Automotive’s stock as four respected forecasts present a positive picture of its development. Their projections show a projected target price of $15.42, which is full of hope as long as it stays at a cautious but optimistic $12.33 on the low end and leaps to $15.42 on the high end. Investors are anxiously anticipating the exciting 10% rise and the wonderful decade ahead for Mullen Automotive.

What are the Key Risks Involved in Mullen Automobiles Stock Investing?

The stock of Mullen Automotive has been falling, and the sentiment is strong since it has lost an astounding 96% of its peak value. Investors are unhappy as a result of this tense downturn and are doubting the stability and future prospects of the business. Let’s examine the difficulties Mullen is facing and the actions they are doing to recover from this perilous circumstance.

A few days ago, when the purchase of Electric Last Mile Solutions was finalized, Mullen’s share price fell to an agonizing all-time low. After it filed for bankruptcy, the corporation boldly committed over $105 million to acquire the faltering company. Mullen also paid $148 million for Bollinger, an EV business that specializes in buses, in a daring move. Mullen’s market worth of $339 million has come under the spotlight as a result of these risky purchases that came dangerously close to failing, which has worried investors.

The increased financial burn Mullen will see in the next years, though, is the most challenging obstacle. At the end of the previous quarter, Mullen Automotive only had $61 million in cash flow and short-term investments. The company is going through cash at a worrisome rate of about $18.3 million per quarter. Investors are holding their breath as Mullen enters the vehicle manufacturing phase because they anticipate greater dilution in the coming months.

Mullen Automotive is in a perilous position, and it is obvious that the future will be difficult. Investors are uneasy due to the stock’s emotional ups and downs, but the firm remains persistent. To navigate these challenging circumstances and restore its stock value, Mullen will need tenacity, astute planning, and a little bit of luck.

FAQ

Is MULN A Buy Right Now?

Currently, Mullen Automobiles is a fairly new player in the EV market whose stock is showing a steady decline. If the management of this company works completely according to its roadmap and makes the right decisions in future, then its stock can perform well in the coming times.

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I am Jitendra Krishnan, a professional blogger, entrepreneur, and graduate engineer. This is my hobby, and I love writing blogs and articles about blogging, affiliate marketing, web designing, etc. I have over seven years of experience in content writing.

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