Mullen Automotive Stock Price Prediction 2023 To 2031
Welcome to a new price prediction blog of buxgrowth in this blog you are going to read about Mullen Automotive Stock Price Prediction 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, And 2031.
This forecast can be useful for you if you’re seeking the Mullen Automotive stock forecast or discovering the potential of MULN stock. Our prediction is based on extensive technical analysis and the behavior of the MULN stock right now. Here, we’ll attempt to assess Mullen Automotive’s (MULN) stock’s long-term potential.
Introduction About Mullen Automotive
Mullen Automotive, a carmaker based in Southern California, is developing the next generation of high-end electric cars (EVs), which are affordable and entirely made in the United States. Thanks to an end-to-end ecosystem that assists owners with everything from financing and servicing to test drives and financing, customers have received support throughout every step of EV ownership.
BREA, California through InvestorWire, 15 December 2022 (GLOBE NEWSWIRE) A purchase order for 6,000 Class 1 EV cargo vans has been placed with Mullen Automotive, Inc. by Randy Marion Isuzu, LLC, a subsidiary of the Randy Marion Automotive Group (RMA). The value of the firm order contract is close to $200 million.
RMA is one of the biggest and most renowned dealer groups in the US for commercial vehicles. 6,000 Class 1 EV cargo vehicles will be sold by Mullen Automotive to Randy Marion Isuzu, LLC, a division of RMA. In order to provide sales, service, and parts for the firm’s line of commercial vehicles, Mullen recently chose RMA as the business’s first commercial dealer partner.
Automotive Mullen The value of the stock has decreased by more than 97% from its peak. It is a bad indicator because it seems so dangerous. Check out the company’s current issues and the efforts it is taking to recover stock.
The price of MULN shares dropped to a record low following the company’s successful completion of the acquisition of Electric Last Mile Solutions last week. It spent about $105 million to acquire the company after it filed for bankruptcy. The company also paid $148 million for Bollinger, an EV company that specialises on buses.
There are signs that the deals almost didn’t happen given Mullen’s $339 million market value.
The biggest issue for Mullen, though, is that its cash burn will continue to increase over the next years. At the conclusion of the previous quarter, the company had $61 million in cash and short-term investments. It spends money at a rate of about $18.3 million every three months.
Investors should therefore prepare for more dilution in the coming months as the company moves to the vehicle production phase of its operations.
Mullen Automotive Stock Price Prediction 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, And 2031
Mullen Automotive Stock Price Prediction 2023
As the entire market is going through a bearish trend, Mullen Automotive’s performance appears to be bullish. According to our estimates, Mullen Automotive’s share price could reach around $0.97 by 2023. According to some market experts, auto stocks may regain their recent positions in the next few months. If the current bullish trend continues, Mullen Automotive could average close to $0.75. And if there is a negative trend, Mullen Automotive’s minimum price could reach $0.43. On the next bull run, Mullen Automotive’s valuation could be significantly higher than our long-term outlook for Mullen Automotive.
Mullen Automotive Stock Price Prediction 2024
Like other auto stocks, Mullen Automotive’s value may recover from prolonged bearish events this year. According to our price forecast, Mullen Automotive may touch a maximum price level of $0.81 in 2024. If current performance continues, the average price level for Mullen Automotive shares could be around $0.56. However, if bearish market events occur, Mullen Automotive’s share price could be around $0.34.
Mullen Automotive Stock Price Prediction 2025
Mullen Automotive may do better in 2025, but it won’t touch the previous ATH engine. By 2025, we can expect Mullen Automotive’s share price to average $0.94. Our highest estimate for Mullen Automotive in 2025 is $1.42 if current growth continues. If the market declines, Mullen Automotive could be worth around $0.73. However, if the market improves, Mullen Automotive could grow more than we estimate in 2025.
Mullen Automotive Stock Price Prediction 2026
According to our forecast for Mullen Automotive, its prices could touch a new ATH this year. If the market performs according to our calculations, Mullen Automotive could reach $1.96 in 2026. It could end in 2026 with an average price of $1.21 in 2026. However, if the market declines, Mullen’s value could be lower than Automotive’s. Sold for US$0.89. According to some market experts, the recessionary environment may continue till 2025, so we have high hopes for 2026
Mullen Automotive Stock Price Prediction 2027
Mullen Automotive may rise in value and pass the final ATH this year. According to our price estimates, Mullen Automotive’s average stock price could be around $1.85 while the lowest stock price for Mullen Automotive could be around $1.29. If the market sees some good movement, Mullen Automotive’s price could rise and exceed most price expectations. According to our calculations, the maximum stock price for Mullen Automotive could be around $2.17.
Mullen Automotive Stock Price Prediction 2028
Mullen Automotive is an established name in the automotive industry with the potential to reach great heights in the long run. According to our estimates, Mullen Automotive’s average share price in 2028 could be around $2.69. Mullen Automotive stock could reach $3.85 if the market is bullish. However, if the market does not perform as we expect, the minimum share price for Mullen Automotive could be around $1.62.
Mullen Automotive Stock Price Prediction 2029
Mullen Automotive can be a profitable investment in the long run. According to our estimates, Mullen Automotive stock could range around $5.12. Mullen Automotive’s average price could be around $3.18 if all goes according to our calculations. Also, if the market sees bearish events, Mullen Automotive stock could fall as low as $2.24. Mullen Automotive’s value could exceed our estimates in 2027 if more investors flock to Mullen Automotive between these years.
Mullen Automotive Stock Price Prediction 2030
If you can hold out until 2030, Mullen Automotive stock could pay handsome dividends. According to our long-term outlook for Mullen Automotive’s stock, its price could touch a new ATH level this year. In 2030, we can expect the average price of Mullen Automotive to be $5.69. Mullen Automotive could grow more than we expect if the market turns around. In 2030, the maximum price of Mullen Automotive could be around $7.46. However, if the market declines, Mullen Automotive could be worth around $3.53.
Mullen Automotive Stock Price Prediction 2031
According to our estimates, Mullen Automotive’s average inventory value in 2031 could be around $9.09. If a bullish event occurs, the year could end with a rally to $12.18. However, if the market decline continues, Mullen Automotive stock could reach a low of around $6.64. There is a strong possibility that Mullen Automotive can reach new heights in case of a positive market environment.
Thanks for reading this blog about Mullen Automotive Stock Price Prediction 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, And 2031.
