Mullen Automotive Stock Price Prediction (2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030) | MULN Stock Forecast, Financial Trends, Businesses and more
Are you looking for Mullen Automotive Stock Price Prediction? If yes, then you are at the right place. In this article we are going to analyze one such stock which is EV Sector Penny Stock. Some investors are predicting a rally in this stock in the coming years. That’s why we’re going to analyze Mullen Automotive stock in detail. So that you can decide for yourself whether you should buy this stock or not.
Hey friends, I am Sachin an author of this blog. First of all we will try to understand About Mullen Automotive and its businesses. After that, we will try to predict Mullen Automotive Stock Price Prediction. So stay tuned till the end of this blog, let’s get started.
About Mullen Automotive
This is an automotive company based in Southern California that designs and manufactures electric vehicles in America. Mullen Automotive was founded in 2014 which is headquartered in Brea, California and has been focused on developing high-performance electric cars. The company has a team of experienced automotive industry engineers and professionals who work on developing advanced technologies to enhance the safety and performance of their vehicles.
The Mullen MX-05 and the Mullen Qiantu K50 are two cars owned by Mullen Automotive. The MX-05 is a high-performance electric sports car with a top speed of 185 miles per hour and a range of up to 240 miles on a single charge. The Mullen Qiantu K50 has a top speed of 125 miles per hour and a range of up to 230 miles on a single charge. The K50 is a luxury electric sports car designed in partnership with automaker Qiantu Motors based in China.
The company is also working on developing an electric SUV, the Mullen Dragon, which is expected to be released in 2023. The Mullen Dragon is expected to have a range of up to 300 miles on a single charge and will be designed to compete with other high-end electric SUVs on the market.
Overall, Mullen Automotive Limited is a relatively new player in the market of electric vehicle, but the company has made valuable progress in designing and manufacturing high-performance electric cars.
Also Read – Rivian Stock Price Prediction
Mullen Automotive Financial Trends
If we talk about the Revenue and Profit of Mullen Automotive Company then –
Its revenue in 2019 has been $65.79 Million and profit is $-4.94 Million. There was a revenue of $65 Million in 2020 and a profit of $-6.46 Million . In the same 2021, there was a profit of $-5.94 Million with a revenue of $65.71 Million . And this year i.e. in 2022 there has been a profit of $-44.24 Million with a revenue of $0 Million.
Mullen Automotive Stock Price Prediction 2023, 2024, 2025, 2026, 2030 Table
| Year | Minimum Price | Maximum Price |
|---|---|---|
| Mullen Automotive Stock Price Prediction 2023 | $0.37 | $0.38 |
| Mullen Automotive Stock Price Prediction 2024 | $0.41 | $0.43 |
| Mullen Automotive Stock Price Prediction 2025 | $0.45 | $0.46 |
| Mullen Automotive Stock Price Prediction 2026 | $0.48 | $0.49 |
| Mullen Automotive Stock Price Prediction 2027 | $0.51 | $0.52 |
| Mullen Automotive Stock Price Prediction 2028 | $0.54 | $0.55 |
| Mullen Automotive Stock Price Prediction 2029 | $0.57 | $0.58 |
| Mullen Automotive Stock Price Prediction 2030 | $0.60 | $0.61 |
Mullen Automotive Stock Price Prediction 2025 – 2030
The minimum and maximum Mullen Automotive Stock Price Prediction 2025 will be $0.45 and $0.46 respectively. The fundamentals of the company are very bad at the moment. Its P/E ratio is negative of -0.8 and EPS is also at negative of -2.80, along with this, its other fundamentals are equally visible weak. And having a fundamentals week is not considered good for any company.
Due to its weak financial trends, Mullen Automotive Stock Price Prediction 2030 will be $0.60 and maximum price can be $0.61. Because the company is getting loss every year till the company has the highest loss in 2022 of $44.25 million. If it continues like this then it is impossible for you to make good profits from this stock.
Also Read – NIO Stock Forecast
Is Mullen Automotive a good investment?
No, as per the current scenario investing in this stock would be very risky. Because the company has been running at a loss for many years and its fundamentals are also bad. In such a situation, it will not be considered good to invest in stocks in which there will be chances of profit but there will be more chances of loss.
For more details about the share of Mullen Automotive, you can watch this video –
Conclusion
The price prediction that is being told on the basis of technical analysis and its technical time keeps on changing from time to time. That’s why this price prediction is not accurate, if you invest in it, do it on the basis of your research and never invest due to greed.
I have written this article i.e. Mullen Automotive Stock Price Prediction 2023, 2024, 2025, 2026, 2030 on the request of you people only, so if you also want to know about any other share, then you can comment. We will definitely discuss about that in the upcoming article. If you have any questions regarding this than you can comment below, we will definitely try to reply you best.
FAQs
What is Mullen Automotive Stock 5 year forecast?
According to our analysis the Mullen Automotive Stock price forecast after 5 years will be $0.54 and $0.55.
Is Mullen Automotive a debt free company?
No, Mullen Automotive has a Debt of Approximately $13 Million.
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