mullen automotive

Mullen Automotive Stock Forecast 2022 – 2025: Is MULN Stock a Good Buy?

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Looking for mullen automotive stock forecast for 2022? In this piece, we’ll look at the stock projection for Mullen Automotive (MULN). On February 28, 2022, MULN soared by 145 percent as global markets fluctuated owing to tensions between Ukraine and Russia.

xcoinshall  platform will give you detail all you need to know about mullen automotive stock forecast in this article.

“Mullen’s testing of solid-state polymer cells reveals the possibility of a 150-kilowatt-hour battery pack with over 600 miles of range and stresses an 18-minute DC rapid charge with over 300 miles of range,” the company claimed.

Mullen Automotive is a California-based research organization that specializes on renewable energy and electric vehicles.

Many EV businesses are attracting investor attention in the aftermath of the commotion around Rivian (RIVN) late last year. That may have been peak EV, considering the sector’s significant drop since then.

Mullen was selected one of Insider Monkey’s finest stock recommendations for March. This is based in part on Mullen’s recent revelation that its latest battery testing yielded a range of 600 miles.

On February 28, the company announced that “testing of solid-state polymer cells reveals the potential for a 150-kilowatt-hour battery pack that delivers over 600-plus miles of range and highlights an 18-minute DC fast charge that can yield over 300 miles of range,” which resulted in a 145 percent price increase.

In markets, momentum is a powerful force, especially in penny stocks, which are prone to wild swings. Due to this news and the recent market spike, MULN stock is expected to gain much more.

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mullen automotive

Mullen Automotive is a company that specializes in automobiles.

Mullen Technologies, Inc., based in the United States, is a publicly traded electric vehicle company that trades on the NASDAQ.

Mullen owns a number of businesses, including Mullen Auto Sales, a network of car dealerships in California and Arizona, and CarHub. Mullen Auto Sales is based in Brea, California, and was founded in 2014.

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Why is Mullen’s stock falling in value?

Despite falling in six of the last ten days, the price is still up 83.97 percent in the preceding two weeks.

On the last day, volume fell in tandem with the stock, which is a good sign because volume should follow the stock.

On the previous day, trading volume fell by -105 million shares, resulting in a total of 111 million shares being bought and sold for $127.56 million. The stock has broken up from a short-term rally that was pretty broad and dropping.

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Is Mullen a Good Investment?

Mullen Automotive, Inc. is sending out several bad signs, and we expect it will continue to underperform in the coming days or weeks.

As a result, we have a pessimistic view of this stock. Due to some small defects in the technical picture since the previous assessment, we have reduced our analytical judgment for this stock from a Sell to a Strong Sell contender.

 

2022 Mullen Automotive Stock Forecast

The predicted goal price for 2022 is $1.39. Positive trends for Mullen Automotive shares will dominate, with a projected volatility of 12.849 percent.

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MULN Stock Predictions for 2023

The predicted goal price for 2023 is $1.48. Positive trends for Mullen Automotive shares are expected to prevail, with a projected volatility of 17.221 percent.

 

MULN Stock Predictions for 2024

The predicted goal price for 2024 is $1.52. Positive trends will dominate for Mullen Automotive shares, which have a potential volatility of 7.218 percent.

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2025 Mullen Automotive Stock Forecast

The planned goal price for 2025 is $1.60. Positive trends for Mullen Automotive shares will dominate, with a projected volatility of 9.569 percent.

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How can I buy Mullen Automotive stock?

Mullen Automotive, Inc. is sending out several bad signs, and we expect it will continue to underperform in the coming days or weeks.

As a result, we have a pessimistic view of this stock. Due to some small defects in the technical picture since the previous assessment, we have reduced our analytical judgment for this stock from a Sell to a Strong Sell contender.

A month-to-month forecast chart shows the historical price of Mullen Automotive shares. For simplicity of usage, prices are color-coded.

Forecast pricing examples include optimistic forecast, pessimistic projection, and weighted average best forecast. In-depth analysis of the Mullen Automotive stock price.

This stock’s price fluctuates a lot during the day (volatility), and it has a large Bollinger Band prediction interval, thus it’s considered “very high risk.”

In the recent day, the stock fluctuated $0.21 between high and low, or 18.92 percent. The stock had a daily average volatility of 33.74 percent during the previous week.

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Hope our article meet your need about Mullen Automotive Stock Forecast 2022 – 2025: Is MULN Stock a Good Buy?

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