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Mullen Automotive, Inc.Mullen Automotive, Inc.Mullen Automotive, Inc.

Mullen Automotive, Inc.

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MULN trade ideas

Muln Small cap stock investment of a lifetime; This small cap stock is ready to blow, plagued with great news but bad stock price, this conundrum cannot last; We have here a Cup n Handle, with first range being 90$ and second being 200$ . the 90$ will happen fast, like 2 weeks fast; when the lawsuit proceeds and the exchanges start to present discovery and more plaintiffs added to the lawsuit for illegal manipulation using 100 pack share orders , and for very long future AH seem to be on projection with expected rate hikes in 2027-8 Finally look how the blue line crossed the orange line in the bottom and how that impacted the price. Since sept5th the blue line has mooned and with a little lag the price follows.
NASDAQ:MULNLong
by pua699
2
#Muln $Muln #mullniaire In this analysis of MULN, we observe a shift in its trading pattern as it consolidates within the $0.50 to $0.60 price range. This consolidation phase, while typical after a significant price increase, is noteworthy for its ability to retain gains from its recent rally. The company's recent developments are compelling, including the announcement of incentive tax breaks and upcoming sales and earnings reports scheduled within the next two weeks. These events are expected to shed light on the company's financial performance. It's common for companies to face financial challenges after launching a factory, often necessitating stock issuance to fund operations. MULN is no exception, as it is investing in training and revamping, with a clear goal of doubling production by 2024. The CEO is actively steering the company's course, making strategic acquisitions while ensuring affordability in the automotive market. As for earnings expectations, the reported estimate stands at $90 million. However, it's believed that MULN has the potential to double this figure. The company's practice of securing upfront deposits, coupled with interest from government agencies both domestically and internationally, indicates strong demand for its offerings. MULN's distinguishing features, such as its solid-state battery technology and AI-equipped display for real-time vehicle diagnostics, position it favorably, potentially making it a preferred choice for government contracts. This contrasts with Tesla's CEO, who often courts controversy. In conclusion, the outlook for MULN appears promising, driven by positive news, growth plans, and a potentially robust earnings report. Nevertheless, investing carries inherent risks, so prudent consideration and further research are advisable. #mulliniaire
NASDAQ:MULNLong
by pua699
1
$MULN Meaningful Revenues UpcomingBack in May, Mullen Automotive, Inc. (NASDAQ: MULN) effected a 1 for 25 reverse split to regain compliance with the NASDAQ minimum price requirement. Fast forward 3 months, the emerging EV maker finds itself in a similar position with the stock trading at around $.12 per share. For this reason, investors are anticipating the results of the company’s latest shareholders’ meeting where they voted on several proposals, chief among them is the proposal to effect another reverse split to maintain the company’s NASDAQ listing. Although reverse splits are normally negative catalysts for any stock, this may not be the case with MULN since its NASDAQ listing is pivotal for the company to achieve its long-term plans. In light of this, MULN stock may soar on the anticipated results of the shareholders’ meeting. MULN Fundamentals MULN’s proposed reverse split will be in a range between 1 for 2 and 1 for 100. If this proposal is approved, the ensuing reverse split could drastically decrease the stock’s float and help it veer away from delisting. In the worst case, scenario the stock gets delisted and becomes an OTC stock. The results of delisting would give the company’s long-term plans a huge blow since it will not have the same access to capital it currently has thanks to its NASDAQ listing. This is mainly due to institutions’ skepticism of OTC companies, unlike companies that are listed on a national exchange since they usually have more legitimacy. Another reason why the reverse split is beneficial for MULN’s shareholders is the low trading volume on OTC stocks compared to the NASDAQ listed counterparts. This means that if MULN stock gets delisted, its share price may further plummet which would be negative for shareholders. For these reasons, it is very likely the proposal to effect a second reverse split gets approved by the company’s shareholders to maintain its NASDAQ listing. In addition to voting on effecting a second reverse split in 3 months, shareholders also voted on a proposal to move MULN’s state of incorporation from Delaware to Maryland. The reasoning behind this proposal is that the company paid $130 thousand in franchising tax last year and expects to pay $150 thousand this year which it will not have to pay if it moved its state of incorporation to Maryland. However, this proposal is unlikely to be approved by shareholders since while it appears to be for cost savings, there are major negative impacts it could have on shareholders. These negatives are related to the company being able to raise its authorized shares and effect reverse splits without shareholders’ approval. While that would allow the company to act in a more versatile way regarding stock-related decisions, it could dampen investors’ confidence in the company which could see the stock fall drastically if the proposal is approved. Technical Analysis MULN stock is in a neutral trend and is trading in a sideways channel between $.1167 and $.1552. Looking at the indicators the stock is below the 200, 50, and 21 MAs which is a bearish indication. Meanwhile, the RSI is neutral at 43 and the MACD is bearish. As for the fundamentals, the anticipated results of the shareholders’ vote on the reverse split proposal is a catalyst for MULN stock since it may be the company’s saving grace. Given that delisting would negatively impact the company’s long-term plans, it is very likely for the proposal to pass. As the results of the vote may be released soon, MULN stock may be poised to run ahead of the results. MULN Forecast Currently, MULN stock is at a pivotal point. If its shareholders approve its proposed reverse split, the stock will likely surge since this move will help it avoid delisting. Additionally, if shareholders vote to deny the company’s proposal to move its state of incorporation to Maryland, the company may avoid an investor relations nightmare which means that this decision could act as another catalyst for the stock. Keeping that in mind going long in anticipation of MULN’s stockholders’ meeting results could prove to be a profitable decision.
NASDAQ:MULN
by Penny_Stocks_Today
1