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MULN
Upturn stock ratingUpturn stock rating

Mullen Automotive Inc. (MULN)

Upturn stock ratingUpturn stock rating
$0.43
Last Close (24-hour delay)
upturn advisory
PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

06/30/2025: MULN (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

1 Year Target Price $23

1 Year Target Price $23

Analysts Price Target For last 52 week
$23Target price
Low$
Current$0.43
high$

Analysis of Past Performance

Type Stock
Historic Profit 0%
Avg. Invested days 0
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 1.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/30/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 0.48M USD
Price to earnings Ratio -
1Y Target Price 23
Price to earnings Ratio -
1Y Target Price 23
Volume (30-day avg) -
Beta -8.61
52 Weeks Range 0.59 - 1585769.44
Updated Date 06/29/2025
52 Weeks Range 0.59 - 1585769.44
Updated Date 06/29/2025
Dividends yield (FY) -
Basic EPS (TTM) -43028.52

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -
Operating Margin (TTM) -1081.45%

Management Effectiveness

Return on Assets (TTM) -84.62%
Return on Equity (TTM) -1851.31%

Valuation

Trailing PE -
Forward PE -
Enterprise Value 24245388
Price to Sales(TTM) 0.05
Enterprise Value 24245388
Price to Sales(TTM) 0.05
Enterprise Value to Revenue 2.71
Enterprise Value to EBITDA 0.06
Shares Outstanding 798650
Shares Floating 334256
Shares Outstanding 798650
Shares Floating 334256
Percent Insiders 5.98
Percent Institutions 3.52

Analyst Ratings

Rating -
Target Price 23
Buy -
Strong Buy -
Buy -
Strong Buy -
Hold -
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Mullen Automotive Inc.

stock logo

Company Overview

overview logo History and Background

Mullen Automotive Inc. is an electric vehicle manufacturer founded in 2014. Initially focused on electric vehicle distribution, it has evolved to design, engineer, and manufacture its own electric vehicles.

business area logo Core Business Areas

  • Electric Vehicle Manufacturing: Focuses on the design, engineering, and manufacturing of electric vehicles, including passenger cars and commercial vehicles.
  • Battery Technology: Developing and integrating battery technology for their EVs.

leadership logo Leadership and Structure

David Michery serves as the CEO. The company operates with a typical corporate structure with departments for engineering, manufacturing, sales, marketing, and finance.

Top Products and Market Share

overview logo Key Offerings

  • Mullen FIVE: An electric SUV planned for production. No significant market share yet due to not being released for sale. Competitors include Tesla Model Y, Ford Mach-E, and other electric SUVs.
  • Mullen ONE: An electric cargo van. No significant market share yet due to not being released for sale. Competitors include Ford E-Transit, and BrightDrop.

Market Dynamics

industry overview logo Industry Overview

The automotive industry is undergoing a significant shift toward electrification, driven by environmental concerns and government regulations. The EV market is growing rapidly but is also highly competitive.

Positioning

Mullen is positioned as a relatively new entrant in the EV market, aiming to compete with established players through its vehicle designs and technology. They are yet to establish significant brand recognition or market share.

Total Addressable Market (TAM)

The global EV market is expected to reach trillions of USD in the coming years. Mullen's position is nascent; its success depends on securing funding, executing production plans, and capturing market share amidst intense competition.

Upturn SWOT Analysis

Strengths

  • Innovative Vehicle Designs
  • Focus on Electric Vehicles
  • Strategic Acquisitions (e.g., Bollinger Motors)
  • Solid-state battery technology development

Weaknesses

  • Limited Production Capacity
  • Lack of Established Brand Recognition
  • History of operating losses and going concern uncertainty
  • Dependence on funding

Opportunities

  • Growing Demand for Electric Vehicles
  • Government Incentives for EV Adoption
  • Partnerships with Technology Providers
  • Expansion into New Markets

Threats

  • Intense Competition from Established Automakers
  • Supply Chain Disruptions
  • Fluctuations in Raw Material Prices
  • Changing Government Regulations

Competitors and Market Share

competitor logo Key Competitors

  • TSLA
  • F
  • RIVN
  • LCID

Competitive Landscape

Mullen faces intense competition. Competitors benefit from brand recognition, established production, and superior financial strength. Mullen needs to distinguish itself through innovative technology or market niche.

Major Acquisitions

Bollinger Motors

  • Year: 2022
  • Acquisition Price (USD millions):
  • Strategic Rationale: Acquisition aimed to gain access to Bollinger's designs and technology, specifically related to commercial vehicles.

Growth Trajectory and Initiatives

Historical Growth: Historical growth is minimal due to being pre-revenue for a significant period.

Future Projections: Future growth projections are uncertain and heavily dependent on securing funding, commencing production, and achieving sales targets. Analyst estimates vary widely.

Recent Initiatives: Recent initiatives include acquisitions of companies like Bollinger Motors, and progress towards production of the Mullen FIVE and Mullen ONE.

Summary

Mullen Automotive is a high-risk, high-reward electric vehicle startup. The company struggles with financial losses and is burning through cash. Their strategic acquisitions and push for getting vehicles to market are positive. The company's survival depends on their ability to secure funding, execute their production plans, and generate sales in a highly competitive market. They face significant competition.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company SEC Filings
  • Financial News Outlets
  • Industry Reports

Disclaimers:

This analysis is based on publicly available information and is for informational purposes only. It should not be considered financial advice. Investment decisions should be based on individual research and consultation with a qualified financial advisor.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Mullen Automotive Inc.

Exchange NASDAQ
Headquaters Brea, CA, United States
IPO Launch date 2008-10-17
Founder, Chairman, President & CEO Mr. David Michery
Sector Consumer Cyclical
Industry Auto Manufacturers
Full time employees 388
Full time employees 388

Mullen Automotive, Inc., an electric vehicle company, manufactures, sells, and distributes electric vehicles in the United States. The company operates in two segments, Bollinger and Mullen Commercial. Its products include passenger and commercial vehicles; and provides battery system technology. The company is headquartered in Brea, California.