Mullen Automotive Inc. (MULN) Stock Price Prediction & Forecast 2025, 2030, 2040, 2050
Why MULN Stock Could be Your Next Big Investment in the EV Market?
About Mullen Automotive, Inc.
Based in Southern California, Mullen Automotive (MULN) is a company that specializes in manufacturing and distributing electric vehicles (EVs). The company, originally named Mullen Technologies, was formed in 2014 through a merger between two major players in the automotive industry: CODA Automotive and Mullen Motor Cars. At the time, CODA was renowned for its all-electric sedans, placing it among the leading certified EV sellers in the US, alongside Tesla.
In a strategic move in November 2021, Mullen Technologies underwent a reverse merger with Net Element, leading to the birth of Mullen Automotive. This merger transitioned the company into a public entity, leading to its official debut on the Nasdaq stock exchange under the ticker symbol MULN.
Mullen Automotive has an impressive product line-up, most notably its all-electric sport utility vehicle (SUV), the Mullen Five EV Crossover. Released on 17th November 2021, this SUV forms a critical part of Mullen’s product offering. Besides, the company is eagerly anticipating the launch of an all-electric sports car, named DragonFly. Furthermore, Mullen has its sights set on expanding its product portfolio to include a range of commercial electric cargo vans, which will be designed and manufactured at its Tunica plant.
In its pursuit of innovation, Mullen is in the development stages of a 150-kilowatt-hour solid-state polymer battery cell. This breakthrough technology is intended to power the Mullen Five EV. If successful, this innovative battery could allow the vehicle to cover distances exceeding 600 miles with just a single charge.
Mullen Automotive, Inc. (MULN) Historical Performance
Change
Since inception, MULN has decreased by 100.00%. In the last 5 years, MULN has fallen from $8820000.00 to $2.72, a massive -100.0% decrease since 2019.
Historical Highs and Lows
In the past 5 years, the stock reached a high of $33030000.00 and a low of $2.72.
52 Week Range
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MULN Stock Price History
Based on MULN stock's historical price data, this table shows how the stock has performed in the last 6 years. Since 2018, the MULN stock has fallen from $7222500.0 - $13950000.0 to $2.72 - $712.0, which is down -100.0%. Currently, the stock follows downward trend.
Here, we have calculated stock range of MULN, indicating the highs and lows for each year, the average price based on the daily closing prices each year, and the change% from the average price.
| Year | Stock Price | Avg Price | Change% | Year Change |
|---|---|---|---|---|
| 2019 | $7222500.0 - $13950000.0 | $10605000.0 | -26.64 | 1 Year Change |
| 2020 | $4162500.0 - $33030000.0 | $15294375.0 | 5.8 | 2 Year Change |
| 2021 | $11767500.0 - $29070000.0 | $22910625.0 | 58.48 | 3 Year Change |
| 2022 | $427500.0 - $7245000.0 | $2696250.0 | -81.35 | 4 Year Change |
| 2023 | $1429.0 - $765000.0 | $154810.75 | -98.93 | 5 Year Change |
| 2024 | $2.72 - $712.0 | $339.99 | -100.0 | 6 Year Change |
MULN Price Performance
6-Month Performance
MULN stock dropped by 99.40% in the last six months.
1-Year Performance
The stock has trended downwards by 99.82% in the past year.
3-Year Performance
In the last 3 years, the stock has plummeted by 100.00%.
5-Year Performance
In the last 5 years, the stock has gone down by 100.00%.
According to Mullen Automotive, Inc.'s historical data, below graph gives us the exact picture of how the MULN stock has performed year-over-year. Here, Each bar on the graph represents a particular year that illustrates how the stock's price changed from one year to the next.
YoY Performance
In the last five years, the stock has shown positive growth in 1 year and a decline in 4 years.
2019
43.88% ↓
2020
334.58% ↑
2021
62.51% ↓
2022
94.46% ↓
2023
99.78% ↓
NOTE: Green bars indicate that the stock has risen compared to the previous year, while red bars show that the stock has fallen.
Mullen Automotive, Inc. (MULN) Financials & Stock Analysis
Total Revenue
Quarterly Revenue: $65.23 T (Q2)
Revenue for Q2 ending 30th June, 2024 increased 95.70% compared to Q1 ending 31st March, 2024.
Annual Revenue: $156.57 T (1Y)
Revenue for trailing 12 months decreased 57.22% year over year from 30th September, 2023.
If compared to the last 4 years, the revenue has gone up from $0.00 to $156.57 thousand, a 15,656,999,900.00% change.
Market Capitalization
Mullen Automotive, Inc. has a market capitalization of $15.12M, which places MULN in the nano-cap category.
Fundamental Analysis
EPS: $-7.91 (Q2), $-1574.14 (1Y)
EPS decreased 59.21% since last quarter, and decreased 97.50% since last year.
Net Income: $-87.36 M (Q2), $-972.25 M (1Y)
Net Income decreased 34.03% since last quarter, and increased 31.47% since last year.
Free Cash Flow: $-38.29 M (Q2), $-287.10 M (1Y)
Free Cash Flow decreased 29.33% since last quarter, and increased 244.58% since last year.
Net Profit Margin: -133917.10% (Q2), -620971.18% (1Y)
Net Profit Margin decreased 66.29% since last quarter, and increased 207.32% since last year.
Below, we have listed 12 key indicators for Fundamental analysis for MULN stock. These indicators help you understand Mullen Automotive, Inc.'s financial health, earnings and growth potential, and make a decision if the stock is a good long-term investment or not.
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Technical Analysis
Here, we have listed 5 key indicators for Technical Analysis for MULN stock. These indicators help investors study past price movements and trading volumes to forecast future price changes, and find the right time when to buy, sell or hold the stock.
| Technical Indicators | Value |
|---|---|
| SMA20 | $3.06 |
| SMA50 | $16.14 |
| SMA200 | $373.82 |
| RSI | 41.50 |
| Beta | 0.47 |
SMA20 > Current Price
This signals MULN stock is in short-term bearish momentum.
SMA50 > Current Price
This signals MULN stock is in mid-term bearish momentum.
SMA200 > Current Price
This signals MULN stock is in long-term bearish momentum.
Sentiment Based on Technical Analysis
Based on 8 technical analysis indicators, the overall sentiment for MULN stock is Bearish. Out of all indicators, 2 indicates bullish signals, 4 signals bearish trends and 3 gives neutral trends. The MULN stock forecast was last updated on 04 December, 2024.
Mullen Automotive, Inc. (MULN) Stock Price Prediction and Forecast
According to short-term forecast, the stock is expected to fall to $1.00 by the end of 2024, and can reach around $0.89 to $1.32 in 2025. And, the long-term forecast suggests that the stock may further drop to $1.54 - $1.36 in 2027, and $0.70 - $1.73 by 2030. So, the MULN stock shows a strong downward trend in the next several years.
Short-term MULN Stock Price Prediction & Forecast
| Date | Forecasted Price | Change% |
|---|---|---|
| 2024-11 | $2.72 | 0.0% |
| 2024-12 | $1.00 | -63.24% |
In 2024, the MULN stock price is expected to fluctuate between $1.0 and $2.72. According to the monthly forecast, the stock could drop to $1.00 by December 2024. If compared to the MULN's current price, the stock could lose -63.24% by the end of this year.
Long-term MULN Stock Price Prediction & Forecast
| Year | Year Start | Year Mid | Year End | Change% |
|---|---|---|---|---|
| 2025 | $0.89 | $1.02 | $1.32 | -51.47% |
| 2026 | $0.72 | $1.10 | $1.22 | -55.15% |
| 2027 | $1.54 | $0.84 | $1.36 | -50.0% |
| 2028 | $1.23 | $0.51 | $1.59 | -41.54% |
| 2029 | $0.99 | $1.63 | $1.15 | -57.72% |
| 2030 | $0.70 | $1.53 | $1.73 | -36.4% |
| 2031 | $0.98 | $0.99 | $1.19 | -56.25% |
| 2032 | $1.10 | $0.10 | $0.93 | -65.81% |
| 2033 | $1.43 | $0.97 | $1.49 | -45.22% |
| 2034 | $0.92 | $0.70 | $1.30 | -52.21% |
| 2035 | $0.25 | $0.77 | $0.65 | -76.1% |
| 2036 | $1.17 | $0.60 | $1.53 | -43.75% |
| 2037 | $0.82 | $1.02 | $0.99 | -63.6% |
| 2038 | $1.16 | $0.24 | $0.22 | -91.91% |
| 2039 | $0.31 | $1.13 | $0.56 | -79.41% |
| 2040 | $1.24 | $1.12 | $0.82 | -69.85% |
| 2041 | $0.99 | $1.06 | $0.75 | -72.43% |
| 2042 | $0.93 | $0.49 | $0.51 | -81.25% |
| 2043 | $0.63 | $1.16 | $1.04 | -61.76% |
| 2044 | $0.89 | $0.36 | $1.52 | -44.12% |
| 2045 | $1.84 | $1.16 | $1.16 | -57.35% |
| 2046 | $1.14 | $0.47 | $1.50 | -44.85% |
| 2047 | $0.94 | $1.03 | $1.00 | -63.24% |
| 2048 | $1.31 | $1.20 | $0.40 | -85.29% |
| 2049 | $1.06 | $0.63 | $1.43 | -47.43% |
| 2050 | $1.41 | $0.77 | $0.70 | -74.26% |
Mullen Automotive, Inc. (MULN) Stock Price Prediction & Forecast 2024 - 2025
At the start of 2024, the MULN stock was at $702.00. Today, it is trading at $2.72, which is -99.61% decrease from price at the beginning of the year. By the end of this year, you can expect the stock to fall to $1.00 by December 2024 with a -63.24% change.
In early 2025, the MULN price is expected to climb from $1.00 to $0.89, a change of -67.32% from the current price. By mid-2025, the stock may move up by 14.61% on $1.02 and end the year at $1.32, which is -51.37% compared to today's price.
Mullen Automotive, Inc. (MULN) Stock Price Prediction & Forecast 2026 - 2030
In the next five years, there will be a significant appreciation in the MULN stock. During this period, the MULN's price is forecasted to shift from $0.72 to $1.73, which is 140.28% gain.
In 2026, the stock would possibly open at $0.72, escalates to $1.10 by mid-year, and wraps up at $1.22, reflecting a decrease from today's price. Further moving to 2030, the stock can kick off the year at $0.70, soar to $1.53 by mid-year, and finish at $1.73, which is -36.57% change from current price.
Mullen Automotive, Inc. (MULN) Stock Price Prediction & Forecast 2031 - 2040
During this period, the stock would move from $0.98 to $0.82, which is down -56.31%
In 2031, we can expect MULN to fluctuate between $0.98 and $1.19, a shift indicating a -56.31% loss by year-end compared to current price. And Until 2040, MULN can likely vary from $0.82 to $1.24. By the end of 2040, the stock could record a -69.70% fall from today's stock price.
Mullen Automotive, Inc. (MULN) Stock Price Prediction & Forecast 2041 - 2050
According to long-term forecast, the MULN stock can see an a downturn from $0.99 to $0.70 in this period. In 2041, the stock can experience a high of $1.06 by mid-year, closing the year at $0.75. This results in a -60.86% decrease from today.
Moving towards the end of 2050, MULN is projected to open the year at $1.41. The stock may dip to $0.77 during mid-year and finish the year at $0.70. Compared to the stock's current price, this translates to an overall loss of -74.43% by 2050.
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MULN : Buy, Sell Or Hold?
Analyst Ratings
Based on 0 analysts, 0 rated as a strong buy, 0 recommended a buy, 0 suggested a hold, 0 advised a sell, and 0 indicated a strong sell. Three months ago, out of 0 analysts, 0 analysts gave a strong buy rating, 0 a buy rating, 0 a hold rating, 0 advised selling, and 0 suggested a strong sell. So, according to analyst ratings, the recommendation for MULN stock is Buy.
Expert Analysis
According to MULN short-term and long-term forecast, Mullen Automotive, Inc. shares are projected to go down by 74.26%, and reach a value of $0.70 per share by 2050.
As per technical analysis, indicators show a Bearish sentiment, while Fear & Greed Index stands at 42.857142857142854, which signals Fear. Also, MULN has recorded 5/30 green days, which reflects a 21.73913043478261% positivity rate with a price volatility of 0.12%.
Plus, Price-to-Earnings (P/E) ratio of 1.073166e-05 suggests that MULN stock is overvalued. So, Based on MULN prediction and analysis, it may be the best time to sell MULN stock right now.
Mullen Automotive, Inc. (MULN) FAQs
What is Mullen Automotive’s stock symbol?
Mullen Automotive trades on the Nasdaq under the ticker symbol “MULN”.
Why is Mullen Automotive stock going down?
There are several reasons for the decline in Mullen Automotive’s stock price, including a downturn in the performance of companies that went public through a SPAC, a negative report published by a well-known short-seller, and an overall downturn in the EV sector. Additionally, concerns about the company’s financial health have also contributed to the stock’s decline.
Is Mullen Automotive a good stock to buy?
Yes, based on the prospective financial data and anticipated growth trends in the electric vehicle market, Mullen Automotive could potentially be a good stock to buy. The estimated stock price is projected to rise from its current level to about $298.69 by 2030, showcasing a remarkable increase of 91,803.27%.
Will Mullen Stock Go Up?
Yes, based on current projections and market trends, it is anticipated that Mullen Automotive stock will go up. The stock price is projected to reach $5,572.91 by 2045, indicating a staggering 1,714,490% increase
What does the Future hold for Mullen Stock?
Forecasts suggest a highly promising future for Mullen Automotive. With the stock price potentially escalating to an impressive $14,793.56 by 2050, marking a substantial rise of 4,549,027% from current levels, the long-term outlook for Mullen appears to be robust.
Disclaimer: Stock predictions, forecasts and price targets provided for "MULN” are solely for informational and educational purposes and should not be treated as investment or financial advice. Always conduct your own research or consider consulting with a financial advisor before making any investment decisions.