What factors influence Mullen automotive stock predictions?

Mullen Automotive stock predictions over the period will be influenced by a variety of factors, including Mullen’s rate of development and overall economic factors such as increasing costs of living. MULN stock forecasts shouldn’t be used as a substitute for your own research.

What is the target price for Mullen automotive stock?

Positive dynamics for Mullen Automotive shares will prevail with possible volatility of 16.326%. Mullen Automotive Stock Forecast 08-20-2023. Forecast target price for 08-20-2023: $ 0.97. Positive dynamics for Mullen Automotive shares will prevail with possible volatility of 19.764%. Mullen Automotive Stock Forecast 08-21-2023.

Will Mullen automotive return to $1 next year?

Getting back to $1 next year is entirely possible, as Mullen is reducing its debt while entering boldly into the last-mile delivery EV niche. Don’t misunderstand — there’s certainly no guarantee that Mullen Automotive shares will return to $1. This is a speculative bet and all position sizes should be small.

Does Mullen automotive have a rival TSLA?

Mullen’s rival Tesla (TSLA) has seen its stock drop 68.16% YTD. Mullen Automotive reported $99m worth of cash or cash equivalents on its balance sheet, according to the company’s preliminary third-quarter results published on 8 August.