MULN Stock Forecast: MULN Drops below $1, Time to Sell?


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May 31st, MULN Stock Forecast: The Current Outlook is Negative

Latest MULN Stock Price

Share Volume

Lower

Forward P/E 1 Year

NA

MULN Stock Forecast: Performance chart

Stock Name

5 Days

1 Month

YTD

-9.3%

-25.1%

-83.4%

+6.5%

-3.2%

-23.4%

The stock is highly volatile and meant for speculative trading only.

MULN Stock Forecast: Technical Analysis

MULN Stock Forecast: Latest Video

MULN Stock Forecast: Google Search Analysis

ROSEN, TOP RANKED NATIONAL INVESTOR ATTORNEYS, Encourages Mullen Automotive, Inc. f/k/a Net Element, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action Commenced by the Firm – MULN, NETE

MULN Stock Forecast: Sentiment Analysis

Last 7 Days

Last 24 Hours

Trend

Net Sentiment ($MULN)

-5.4%

-9.4%

Lower

MULN Stock Forecast: Mutual Fund Holdings with MULN

Mutual Fund Name

Last 12-month performance

1290 VT Micro Cap Portfolio-Deka

10.8%

BasisStrategie Flexibel

17.1%

Vanguard Extended Market Index Fund

-5.5%

MULN Stock Forecast: Momentum Summary

Trend

Market Data

Negative

Price

Lower

Volume

Lower

Performance vs NASDAQ (Last 5 Days)

Lower

Technical

Lower

Crowd’s Wisdom

Negative

Google Search

Lower

Social Media Sentiment

Lower

Who are some of Mullen Automotive’s key competitors?

Mullen has two lines of businesses

  1. Electric Car Company – The Company is still in the development stage but key competitors would include Tesla, Ford, Lucid, Nio, Rivian and Cenntro
  2. Mullen Auto Sales Business which includes Car Hub – AI platform for selling and buying cars

Read: Ford Stock Forecast

MULN Stock Forecast 2022: Recent Developments

Mullen plans to start making the FIVE before the end of the year. In addition, deliveries are planned to begin in 2024. Mullen also paid a “quite reasonable sum” for a production plant in Tunica, Mississippi. In order to meet future demand, the company aims to expand the facility.

Mullen’s CEO David Michery has announced that a large “Fortune 500” company will place an order for MULN vehicles soon. This turned out well for them as Mullen managed to procure a rise in the market. The big question- Which company is Michery talking about? Investors have their eyes open for the reveal soon.

Also read: LUCID Stock Forecast

Hagens Berman, National Trial Attorneys, Encourages Investors in Mullen Automotive (MULN) with Significant Losses to Contact Firm’s Attorneys, Firm Investigating Possible Securities Law Violations

Hindenburg Hates on Mullen Automotive and I’m Here for It

MULN Stock Forecast 2022: Is MULN stock a buy for 2022?

The stock has surged 375% in the past 30 days. However, in the last 1 year, it has delivered a negative return of approximately, 70%. It has declined from $12 to $3, indicating the volatility in the stock.

For traders, the stock is a buy for the short-term. For investors, the recommendation is to hold the position till the daily fluctuations stabilize.

MULN Stock Forecast: Progress on Solid-State Polymer Battery

Mullen Automotive, Inc., a Southern California-based electric vehicle company, recently announced progress on solid-state polymer battery technology. This technology is a huge improvement over today’s lithium-ion batteries. Mullen is working on solid-state polymer battery packs for its second-generation Mullen FIVE EV Crossovers. Prototype testing in vehicles is scheduled for 2025. Mullen plans to release its first-generation FIVE EV Crossover in late 2024 with typical lithium-ion battery chemistry. 

Mullen is also working on other advanced battery technologies, such as lithium-sulfur and lithium-iron-phosphate batteries. Mullen’s ultimate goal is to develop electric vehicle batteries that will outperform today’s lithium-ion technology in terms of efficiency, energy density, and range, as well as cost, weight, temperature, and environmental concerns.

MULN Stock Forecast: Is Muln a good stock to buy?

Due to high volatility and trend direction analysts are not able to predict a range for this stock.

Is Muln a good stock to buy? Overall, the stock receives a negative forecast. Both short and long-term moving averages have issued sell signals, indicating a more bearish outlook for the stock.

Writer: Rakesh Atla

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

MULN Stock Forecast



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