Mullen Automotive: (MULN:NSD) STA Research and Morningstar cut targets

Mullen Automotive Inc: Fundamental Analysis is "Bearish"

Analyst Coverage Change

Morningstar (Rank#101) issued a research report on Friday July 7th, and lowered the 12 month target on Mullen’s  stock to $.31 from $40, and maintained the “Hold” rating steady on the stock.

STA Research (Analyst Rank#45) also issued a research report on Mullen’ s stock upgraded the stock to a “Buy” rating from a “Speculative Buy”, and lowered the 12 month target to $.30 from $.40 per share.

MULN Ratings by Stock Target Advisor

MULN Stock Forecast

Mullen Automotive Inc, a company in the automotive industry, has been subject to analysis and predictions by analysts and stock analysis platforms.

According to the forecast from two analysts, the average analyst target price for Mullen Automotive Inc over the next 12 months is USD 0.43. This target price represents the level at which analysts anticipate the stock to trade in the future based on their analysis of the company’s performance, industry trends, and market conditions.

The average analyst rating for Mullen Automotive Inc is “Strong Buy,” indicating that analysts are highly optimistic about the company’s prospects and recommend purchasing the stock. This positive rating suggests that analysts believe the stock has significant potential for growth. However, individual investors should conduct their own research and analysis before making investment decisions.

Stock Target Advisor  has conducted its own evaluation of Mullen Automotive Inc and arrived at a bearish outlook. Their analysis is based on one positive signal and seven negative signals. These signals could consider various factors, including technical indicators, market trends, news related to the company, and financial performance.

As of the last closing, the stock price of Mullen Automotive Inc stood at USD 0.22. This represents the price at which the stock traded at the end of the most recent trading day. Over the past week, the stock has experienced a substantial increase of +89.66%, indicating significant positive momentum. However, over the past month, the stock has declined sharply by -63.70%, and over the last year, it has experienced a significant decrease of -99.14%.

Fundamental Analysis of MULN Stock

Mullen Automotive Inc’s comprehensive fundamental analysis to evaluate its investment potential. Here are the key points to consider:

Valuation:  MULN stock is trading at a low valuation compared to its peers based on the price-to-earnings ratio, indicating potential underpricing. However, the stock is trading at a high valuation compared to its peers on a price-to-book value basis, which could suggest overvaluation.

Volatility and Risk: The total returns of MULN have been volatile, exceeding the median for its sector over the past five years.
Investors should possess a high risk tolerance to invest in a stock with such volatility.  MULN has delivered below median risk-adjusted returns compared to its peers, indicating unpredictability in returns. (Klonopin)

Market Capitalization: MULN has a market capitalization below the median for its sector, making it a smaller entity.
This may impact long-term stability unless the company possesses unique technology or market opportunities that can drive growth or acquisition potential.

Cash Flow: MULN has experienced negative total cash flow and negative free cash flow in the most recent four quarters.
This suggests challenges in generating sufficient cash from operations and limited flexibility for growth or returning capital to shareholders.

MULN stock appears to have a mixed fundamental analysis. On the positive side, the stock seems underpriced compared to earnings, but caution should be exercised due to its overpricing compared to book value, below-median dividend returns, high volatility, poor risk-adjusted returns, low market capitalization, and negative cash flow. Investors should conduct further research, assess the company’s financial performance, and carefully consider their investment goals and risk tolerance before making any decisions regarding MULN stock.

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