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      MULN Share: Mullen Automotive Inc Price Prediction

      By Wasim Omar

      Published on

      September 4, 2023

      10:25 AM UTC

      Last Updated on

      September 15, 2023

      5:17 PM UTC

      MULN Share: Mullen Automotive Inc Price Prediction

      In the financial markets, few stories capture attention like Mullen Automotive Inc. (NASDAQ: MULN).

      Emerging as a meme stock during the upheaval of the COVID-19 pandemic, its journey has been nothing short of a rollercoaster ride.

      The appeal lies in its dual nature: once a craze, now a cautionary tale. The company’s identity as an EV manufacturer adds an intriguing layer to its narrative, sparking debates about its true potential.

      While the recent crash has cast shadows of doubt, optimists see a silver lining, declaring the stock oversold and ripe for resurgence.

      However, amidst this tug-of-war between bulls and bears, a pivotal question remains – is the MULN share a phoenix poised to rise from the ashes, or will its downward spiral persist?

      Delving into the intricacies of its rise, fall, and the electric dreams it embodies, we uncover the compelling reasons behind investors’ unwavering interest in the enigma of MULN shares.

      Technically Oversold But Still High Risk

      The past year has seen the MULN share take a dramatic price plummet, shedding over 99% of its market capitalization.

      Attempted rebounds have collided with persistent selling pressure, leaving the stock beneath key moving averages and the crucial $0.50 support mark, a low seen this past week.

      Peek at the oscillators – the Relative Strength Index (RSI), Stochastic Oscillator, and the ever-famous MACD – and you’ll find the shares snuggled deep within oversold territory, in terms of momentum.

      This somewhat suggests a potential opportunity for eager buyers looking for a steal.

      Yet, before we dive headlong into bargain-hunting mode, a word of caution. Mullen shares seem ensnared in a value trap, with the potential to continue their downward dance.

      Brace yourselves, for investor sentiment could spell out a story of dilution in the making.

      If this narrative unfolds, brace for the stock to once again breach the $1 mark, a move that might coax yet another reverse stock split into the spotlight.

      Risk and opportunity both seem to be at the forefront, side by side, in this gripping saga of the MULN share.

      Going After Shorters

      Mullen Automotive recently took a bold step, filing a lawsuit against big players like TD Ameritrade and Charles Schwab. The allegation? Manipulating the company’s share price, a serious claim indeed. CEO David Michery’s frustration is palpable.

      The lackluster performance of Mullen shares has fueled suspicions of foul play, particularly illegal short selling. Michery isn’t one to mince words – the company has a zero-tolerance stance towards shady trading practices.

      It’s a gutsy move, seeking compensatory damages and injunctive relief. The message is clear: The MULN share is ready to fight back.

      Shareholders, too, have felt the sting of these alleged actions. The lawsuit paints a picture of traders and brokers facilitating this conduct, leaving the company and its investors in the lurch.

      Michery’s promise to employ every legal tool in the arsenal to curb illicit trading resonates with a determination to shield the company and its shareholders.

      As this legal battle unfolds, investors will be watching closely, wondering if this is the game-changer MULN needs.

      For now, however, no one can say with certainty how things will play out, and it is better to avoid a high-risk scenario by buying MULN.

      TTM Trends and Future Market Direction

      Based on the analysis of the previous sections, it is clear that MULN shares present an intriguing but perilous opportunity for investors.

      While the stock has been deemed oversold, caution is warranted due to its tumultuous price plunge over the past year, coupled with the looming specter of NASDAQ delisting.

      The company’s decision to combat shorters through legal means adds a layer of uncertainty to its future trajectory. While hope lingers for a favorable outcome, only time can unveil the results.

      In this high-stakes scenario, it might be prudent to err on the side of caution and steer clear of MULN shares. The cloud of doubt surrounding its prospects emphasizes the need for a circumspect approach.

      With the stock’s path forward shrouded in uncertainty, potential investors might find more stability elsewhere. As the MULN share grapples with legal battles and market challenges, a wait-and-watch approach seems advisable until a clearer picture emerges.


      The MULN share journey from meme stock to a cautionary tale with EV aspirations is a testament to the volatile nature of financial markets.

      While opportunities for rebound exist within its oversold status, investors must weigh the risks against potential gains.

      The ongoing legal battle and the company’s overall performance underscore the need for a careful and patient approach.

      As MULN navigates challenges and legal complexities, awaiting a clearer trajectory might be the most prudent course of action.

      Frequently Asked Questions

      Why MULN Stock Is Up Today?

      MULN stock is up today due to its announcement of the initiation of production for its Class 3 electric truck, the Mullen THREE, at its Tunica facility in Mississippi, signaling progress in its commitment to producing commercial Class 3 vehicles.

      Will MULN Stock Get Delisted?

      The likelihood of MULN stock facing delisting seems to be decreasing, thanks to proactive measures, legal actions against unlawful shorting, and the possibility of SEC support until December.

      What Happened to MULN Stock Today?

      Mullen Automotive filed a bold lawsuit against TD Ameritrade and Charles Schwab, alleging share price manipulation, creating uncertainty around MULN stock’s performance.

      What Is MULN Share, And Why Has It Gained Attention as A Meme Stock?

      MULN share is the stock of Mullen Automotive, an electric vehicle (EV) manufacturer. It gained attention as a meme stock due to its high volatility and retail investor interest.

      How Has The COVID-19 Pandemic Influenced the Trajectory of The MULN Share?

      The COVID-19 pandemic caused a delay in Mullen’s production plans, which weighed on the stock price. However, this period saw the meme stock craze take MULN on a rocket climb.

      What Factors Contributed to The Crash of MULN Stock This Year?

      The crash of the MULN share this year was caused by a combination of factors, including the company’s lack of revenue, high cash burn rate, and dilution of its shares.

      Why Do Some Investors Believe That MULN Stock Is Oversold Despite Its Recent Decline?

      Some investors believe that the MULN share is oversold because the company has strong EV technology and is working to ramp up production.

      What Role Does MULN Play in The Electric Vehicle (EV) Manufacturing Industry?

      Mullen is a small EV manufacturer that is still in the early stages of development. It has not yet produced any vehicles for sale.

      Are There Indicators Suggesting That MULN’s Potential as An EV Manufacturer Could Lead to A Rebound?

      There are some indicators suggesting that MULN’s potential as an EV manufacturer could lead to a rebound, such as its recent partnership with LG Energy Solution.

      How Have Market Dynamics and Investor Sentiment Contributed to The Volatility Of MULN Stock?

      Market dynamics and investor sentiment have contributed to the volatility of MULN stock. The stock has been heavily shorted by hedge funds, which has exacerbated its price swings.

      What Lessons Can Investors Learn from The Journey of MULN Stock In Terms Of Risk Management?

      Investors can learn from the journey of MULN stock that it is important to do your own research and understand the risks involved before investing in any stock.

      How Do Opinions on MULN Stock’s Future Prospects Differ Among Financial Experts and Analysts?

      Opinions on MULN stock’s future prospects differ among financial experts and analysts. Some believe that the company has the potential to succeed, while others believe that it is a risky investment.

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