On November 25, 2022, Mullen Automotive (MULN) had a closing price of 0.19.
The average Mullen stock price forecast is 23.46, predicting growth of 11630%. The highest target is 24.15, while the lowest is 23.23. On average, most analysts consider Mullen stock as a buy. In other words, they believe that Mullen Automotive stock will outperform the market over the next 12 months.
Meanwhile, if you are curious about MULN stock performance in the next few days, check out the following:
- On November 29, 2022, the target price is 0.21. The optimistic target level is 0.23, while the pessimistic target level is 0.19.
- On November 30, 2022, the target price is 0.23. The optimistic target level is 0.24, while the pessimistic target level is 0.21.
- On December 1, 2022, the target price is 0.22. The optimistic target level is 0.24, while the pessimistic target level is 0.21.
- On December 2, 2022, the target price is 0.21. The optimistic target level is 0.23, while the pessimistic target level is 0.19.
- On December 3, 2022, the target price is 0.21. The optimistic target level is 0.22, while the pessimistic target level is 0.19.
- On December 4, 2022, the target price is 0.23. The optimistic target level is 0.26, while the pessimistic target level is 0.21.
On Friday (November 25, 2022), Mullen Automotive, Inc., at the last check, was maintained at $0.19, with a fall of -6.10% from the previous day’s closing price.
Looking at the previous day’s last check at $0.20, it shows that Mullen’s stock price kept floating between the 0.20 and 0.237 range. Considering the 52-week price range of MULN stock, it indicates that the stock hit a high of $9.83 and a low of $0.20. During the past month, the stock has been subtracting its value at -59.67%.
Mullen Automotive, Inc has a current $106.11 million market valuation. The company has declared its release of the quarterly results between December 27, 2022, and January 2, 2023. Many analysts estimate the company will have an average of $37.3 million in revenue growth. They also suggested that if Mullen could generate revenue of 37.3 million, it could rise up to 373.3 million.
The average estimate represents a growth of 152.00% in sales growth from the company’s similar quarter in 2021. The company is expected to make a yearly revenue of 131.4 million in 2022, which is around 100% more from the generated revenue in 2021.
Mullen Automotive stock’s PEG ratio is currently at the 0 position. This ratio further shows that MULN’s current stock price level is -40.03% away from its SMA20 and -44.00% off its 50-day simple moving average.
The stock’s relative strength index for a 14-day period oscillates at 31.39. Over the past week, the volatility stayed at 12.89%, which altered to 14.31% over the past month. The measure of ATR (average true range) is currently positioned at 0.05.
The current price level of stock is -12005,26% above from the forecasted low price target. At the start of 2022, MULN’s share price reached $2.81. But since then, it is fallen around 95% to 0.30 as the market closed on October 7, 2022.
Furthermore, MULN stock has been changing lower since October 25, 202, which ignored a short-term rebounding in November’s first half. The average daily trading volume of the stock for three months was 156.04 million, while it rose to 185.79 million average volume for the past ten days.
The outstanding shares percentage of Mullen Automotive held by the institutional holders is 16.40%, while it is 11.40% for the insiders. The company has a 2.76 beta, which means its share price is around 176% more volatile compared to S&P500.
Why is Mullen stock up?
After its delivery partner Amazon orders up to 600 electronic vehicles, Mullen stock has soared.
Does Mullen Automotive, Inc have a future?
Looking ahead, Mullen Automotive’s FIVE sport utility EV is expected to be in its production process by 2024’s second quarter. The EV’s starting price is $55,000.
Does Mullen Automotive pay a dividend?
Yes. Mullen Automotive has created a policy regarding the quarterly dividend payment at the end of each financial quarter. This is subject to board approval.
Does Mullen Automotive have a drip?
Mullen Automotive has declared a $0.06 monthly dividend per common share payable to Common Shares record holders at the close of business on Oct 31, 2022.