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Wednesday, January 04, 2023 4:22:34 PM
JANUARY 4, 2023 / FRANKNEZ / 1 COMMENT
MULN Stock Price | MULN Stock News
Business News: MULN stock price forecast and prediction + more.
MULN stock price is up more than +50% in the past 5 days and up +59.10% in the past month.
The stock elevated from a low of $0.18 to the current share price of $0.32, respectively.
Short squeeze discussions arise as MULN continues to be shorted, but more on that below.
In this article, we’re going to discuss what a MULN stock forecast for 2023 looks like, what the experts are saying, and price potential for this year.
If you find this article helpful or valuable in any way, shape, or form, be sure to share it with your community.
Here’s the latest MULN stock news.
What is MULN Stock?
Business News: Here’s the latest on Mullen Automotive.
So, what is MULN stock?
Mullen Automotive, Inc. is a Southern California-based automotive company that owns and partners with synergistic businesses working toward the unified goal of creating clean and scalable energy solutions and electric vehicles.
Mullen Automotive had a market capitalization of $437.7 million by the end of December 2022 but has increased its market cap to $524.9 million in only the second trading day of 2023.
Is MULN a good stock to buy?
MULN stock isn’t your steady type of investment to buy, and the risks are certainly there, but the reward could be just as promising.
Mullen Automotive at the moment isn’t profitable company, and it carries a substantial load of debt, but retail investors looking to trade it during a short squeeze may largely benefit from buying it today.
In fact, analysts are saying MULN stock is a strong buy.
MULN Stock Forecast | MULN Stock Price Prediction
So, what exactly are experts predicting about the company’s share price?
What is the latest MULN stock forecast for 2023?
Analysts are predicting MULN stock has the potential to surge more than 7,000% from its current share price of $0.32 to $23 per share.
This is a much more ambitious percentage gain compared to AMC’s short squeeze which soared more than 3,000% in 2021.
While the company’s fundamentals are strongly being worked on, as a trade, MULN has great potential.
MULN Stock Forecast – MULN Stock Price Prediction.
According to Stock Analysis, MULN stock has a high price target of $24.15 per share (+7,351%) by the end of 2023.
Experts gave Mullen Automotive a median of $23.46 per share (+7,128%) and a low of $23.23 per share (+7,067%).
What’s going to move the stock?
Heavy buying pressure from retail and institutional investors alike.
Out of 173 financial institutions investing in Mullen Automotive, only 1 is short with 172 being long, per Fintel.
Vanguard and BlackRock are two of the biggest and most recent Mullen Automotive investors.
Latest MULN Stock News
MULN Stock News
Mullen Automotive recently partnered with Loop Global to deploy EV charging solutions, including a public DC fast charging network and residential offerings.
“Our partnership with Loop will not only enable us to provide turnkey EV charging solutions to our customers, but also the Loop Impact Fund commitment is an opportunity to provide our customers with potential cash flow-positive alternative financing when implementing the Mullen EV Charging Network Powered by Loop. In addition to being highly strategic, this partnership aligns with our goal of end-to-end efficiency to make owning a Mullen EV much more user friendly,” said David Michery, chairman and CEO of Mullen.
“Loop Global is thrilled to partner with Mullen Automotive to offer turnkey electric vehicle charging solutions,” said Dustin Cavanaugh, CEO of Loop Global. “Our combined teams are dedicated to providing the most comprehensive technology and services to support the transition to electric transportation, and we are excited to work with Mullen Automotive to make that vision a reality.”
Mullen Automotive is also preparing for 3 commercial product launches in 2023 after signing with their first U.S dealer partner, RMA Group.
In early December, the company announced Former General Motors Government Sales Leader Ronald Dixon will be leading Mullen’s EV charge for U.S government fleet sales.
This is an incredible and ambitious plan to expand the company if you ask me.
https://franknez.com/is-muln-stock-price-all-time-high-on-its-way/
Recent MULN News
- Mullen CEO Shares Recent Milestones with Committed Capital of $250M; Highlights Include 2 State Incentive Approvals for Class 3 EV Trucks, Commercial Sales and Technology Advancements and Dealer Network Expansion • GlobeNewswire Inc. • 06/20/2024 01:00:00 PM
- Bollinger Motors Announces Sale of 80 Bollinger B4 Chassis Cabs to Momentum Groups • PR Newswire (US) • 06/13/2024 01:30:00 PM
- Mullen Subsidiary Bollinger Motors Receives $13.2 Million Sales Order from Momentum Groups • GlobeNewswire Inc. • 06/13/2024 01:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/13/2024 12:00:10 AM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 06/12/2024 09:00:06 PM
- The State of Massachusetts Issues MOR-EV Approval, Granting Mullen’s Class 3 EV Truck a $15,000 Cash Voucher per Vehicle Sold • GlobeNewswire Inc. • 06/11/2024 01:15:00 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 06/10/2024 09:15:17 PM
- Mullen Announces Addition of New England Area Dealer and Initial Purchase Order • GlobeNewswire Inc. • 06/10/2024 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/06/2024 09:20:37 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/06/2024 07:23:17 PM
- Mullen Announces Hiring of Former European Manheim and Copart Executive, Alain Van Munster, to Lead Europe Sales Efforts • GlobeNewswire Inc. • 05/31/2024 12:30:00 PM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 05/30/2024 09:15:17 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 05/30/2024 04:15:06 AM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 05/29/2024 04:46:22 PM
- Mullen Announces New Commercial EV Fleet Order for Europe • GlobeNewswire Inc. • 05/29/2024 01:29:35 PM
- Mullen Announces Development of Zero-Emissions, All-Electric PowerUP Mobile EV Charging Truck • GlobeNewswire Inc. • 05/28/2024 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/24/2024 09:15:36 PM
- Mullen Announces New European Distributor, GAMA, for the Balkans Region • GlobeNewswire Inc. • 05/24/2024 01:00:00 PM
- Bollinger Motors Announces Sale of 50 Bollinger B4 Chassis Cabs to EnviroCharge • PR Newswire (US) • 05/22/2024 01:15:00 PM
- Mullen Announces Bollinger Motors Sale of 50 Bollinger B4 Chassis Cab EV Trucks to EnviroCharge • GlobeNewswire Inc. • 05/22/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/20/2024 09:34:27 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/20/2024 09:31:23 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/20/2024 09:31:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/20/2024 09:29:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/20/2024 09:29:04 PM
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM