David Michery is the founder of Mullen Automotive. Mullen Automotive is an electric vehicle company that manufactures and distributes electric vehicles. The company manufactures both passenger and commercial vehicles. And along with this it also offers solid-state polymer battery technology. Mullen Automotive was founded in the year 2014 in California, USA. Today we will discuss Mullen Automotive Stock Price Prediction 2040.
Mullen Automotive has developed two high-performance electric cars, the Mullen MX-05 and the Mullen Qiantu K50. The K50 is also known as Dragonfly.
Image Source – Mullen Automotive
The MX-05 is a high-performance electric sports car with a top speed of 185 mph. Once fully charged, this car can run up to 240 miles.
Image Source – Green Car Reports
Whereas, the Mullen Qiantu K50 has a top speed of 125 mph and can run up to 230 miles on a single charge. The K50 car has been designed in partnership with the Chinese company “Qiantu Motors”.Mullen Automotive is a relatively new player in the electric vehicle market, but it is a technology-oriented company with a strong financial position. There’s every chance you’ll find a multi-bagger at Mullen Automotive.
Mullen Automotive Company Achievements:
- Mullen Automotive, As of 1 August 2023, the ISS Governance Quality Score is 10.
- Best of Sacramento Award.
- The Automotive Dealer of the Year Award.
- The Quality Care Service Dealer of the Year Award.
Business Model of Mullen Automotive:
The main business of the company is to design and manufacture electric vehicles. Basically, the company focuses on developing high-performance electric cars.
As we know the craze for electric cars is increasing very fast and its demand will increase rapidly in the coming years. So, it can be predicted that Mullen Automotive Company may perform very well in the future.
In the year 2019, the total revenue of this company was $65.79 million and the total profit was $4.94 million.
The same company made a total revenue of $65 million in 2020 and made a profit of $6.46 million.
In 2021 as well, the company had a total profit of $5.94 million with a revenue of $65.71 million.
The company’s total revenue in 2022 is $0 million. Due to this, the company suffered a loss of $44.24 million.
Fundamentals of Mullen Automotive:
Mullen Automotive Financial History:
- The company’s EPS has surged by 88% YoY and through 73% QoQ.
- The company’s debt has shrunk by means of 87% QoQ and by 42% YoY.
- The fast ratio has soared by 170% QoQ however it has contracted through 61% YoY.
- Mullen Automotive’s net income has shrunk by 128% YoY but it has increased by 15% QoQ.
Mullen Automotive Stock Live Chart:
Mullen Automotive Limitations:
- In a recent report, Hindenburg claimed to have misrepresented test results for solid-state batteries being made by Mullen and made several allegations against its chief executive officer (CEO), David Micheri.
Mullen Automotive Stock Price Prediction 2023:
The outlook for Mullen Automotive is bullish. Looking at the company’s business in Electric Cars, many market observers estimate that Mullen Automotive’s stock has the potential to reach an all-time high of $0.97 by 2023.
Mullen Automotive Stock Price Prediction 2024:
Electric car users have increased in large numbers in the last few years. For this reason, the demand for EV cars is increasing continuously. Hence market observers anticipate Mullen Automotive to do well in this segment.
Mullen Automotive’s share price target for 2024 is likely to see a first share price target of $1.13, followed by a second share price target in 2024 going up to $7.58.
Mullen Automotive Stock Price Prediction 2025:
Mullen Automotive’s share price target for 2025 is likely to see a first share price target of $6.17, followed by a second share price target in 2024 going up to $16.57.
Mullen Automotive Stock Price Prediction 2030:
As every investor knows, it is not considered a good week for any company to have a fundamental. While the fundamentals of this company are looking very weak. Both its P/E ratio and EPS are negative.
For some years the company has been making losses every year, in 2022 the company had a loss of $44.25 million. But the company seems to be doing some growth.
Market observers are estimating that the Mullen Automotive stock price could reach a high of $52.27 and a low of $49.87 in 2030.
Mullen Automotive Stock Price Prediction 2040, 2025, 2026, 2027, 2028, 2029, 2030, 2035, 2050:
Based on historical performance valuation and expert opinion, the share price target forecast for Mullen Automotive over the next few years is cautiously bullish.
Additionally, due to the fact that no forecast can be guaranteed, employers’ efforts to innovate and adapt to changing market needs may further guide the upward trend.
| Year | Low | High |
| 2023 | $0.50 | $1.00 |
| 2024 | $1.13 | $7.58 |
| 2025 | $6.17 | $16.57 |
| 2026 | $15.51 | $29.50 |
| 2027 | $29.27 | $29.29 |
| 2028 | $39.13 | $39.07 |
| 2029 | $46.90 | $46.97 |
| 2030 | $49.87 | $52.27 |
| 2035 | $55.28 | $56.67 |
| 2040 | $65.87 | $73.88 |
| 2045 | $71.97 | $79.27 |
| 2050 | $85.04 | $94.46 |
Mullen Automotive Stock Price Prediction YouTube Video:
In the End:
The forecast of the stock price of any company is given on the basis of financial fundamentals and technical analysis of that company for the last few years. Financial fundamentals keep changing from time to time.
That’s why price predictions are never perfect. If you are looking to invest in Mullen Automotive Company, do your research.
FAQs:
Is Mullen Automotive a good stock to buy?
It is unwise to invest in stocks that have a low potential for profit but a high potential for loss. Given the current situation, investing in Mullen Automotive Company is very risky.
Does Mullen Automotive Have a Future?
Like other EV company stocks, Mullen Automotive’s company share price could soar this year. According to market observers, Mullen Automotive’s price could rise to $1.13 by 2024.
Is Mullen Automotive Stock in Trouble?
The company so far has little revenue from operations and no profits. Because the stock has lost more than 99% since November 2021.
Why is Mullen’s stock so low?
Due to a lack of revenue generation and a high cash consumption rate. Mullen Automotive’s share price has declined nearly 99% since its IPO launched in 2021.
Who’s Investing in Mullen Automotive?
JP Morgan Chase & Co. BlackRock Inc. Charles Schwab Investment Management Inc. and Cambridge Investment Research Advisors Inc. are the big investors of Mullen.
Is Mullen Automotive a meme stock?
Yes, Mullen Automotive is a meme stock.
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