How to Buy Mullen Automotive Stock
Mullen Automotive Inc
Mullen Automotive, Inc. , an electric vehicle company, manufactures and distributes electric vehicles.
Mullen Automotive stock last closed at $2.55, down 1.92% from the previous day, and has decreased 99.88% in one year. It has underperformed other stocks in the Auto Manufacturers industry by 0.3 percentage points. Mullen Automotive stock is currently +8.19% from its 52-week low of $2.36, and -99.91% from its 52-week high of $2,686.50.
There are currently 6.55M shares of MULN outstanding. The market capitalization of MULN is $16.71M. In the past 24 hours, 1.05M MULN shares were traded.
How to Buy Mullen Automotive Stock
Wondering how to invest in Mullen Automotive stock? Here's how.
- Decide where to buy Mullen Automotive stock: You need to decide on a stock brokerage, but don't worry - we've researched dozens of online brokerages and apps to help you determine where to buy Mullen Automotive stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Put funds into your brokerage account: Select your payment method and add your details.
- Research Mullen Automotive stock: The Mullen Automotive ticker symbol is MULN. Is Mullen Automotive stock a good investment? Should you buy shares of MULN? How do MULN's underlying business fundamentals look? Do top analysts think Mullen Automotive is a good buy? Why has MULN's stock price moved recently? (Hint: Our stock research website can help you understand if MULN is a good stock to buy).
- Place your MULN purchase: Decide if you will purchase MULN shares at the current market price or use a limit order to buy MULN stock at a particular price.
- Get the latest scoop on your MULN investment: Create a watchlist to monitor your investment in Mullen Automotive shares.
Step 1: Decide where to buy Mullen Automotive stock
You need an online brokerage account to access the NASDAQ market and buy MULN stock.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've selected your brokerage, the next step is to fill out some personal information so you can invest in MULN stock today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to start a new brokerage account.
- Send your info by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you have filled out your info on investing apps, you need to deposit funds:
Watch the tutorial below for more details depositing funds into your brokerage account.
Step 4: Research Mullen Automotive stock
After you have chosen the best place to buy Mullen Automotive stock, it's crucial to analyze their stock before you invest, so you truly understand the risk as well as the upside.
Mullen Automotive stock at a glance
MULN Fundamentals
WallStreetZen was built to help average investors do more in-depth fundamental analysis quickly.
You can view all of the due diligence checks on MULN's stock page.
Is MULN stock undervalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge MULN's intrinsic value.
Using relative valuations measures:
- MULN may be undervalued based on its P/E ratio of 0x, relative to Auto Manufacturers industry P/E ratio of 20.78x
- MULN could be undervalued based on its P/B ratio of 0.08x, relative to Auto Manufacturers industry P/B ratio of 2x
You can access more valuation analysis on MULN's stock here.
MULN Financial Summary
Pros:
- Total MULN debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than long-term liabilities on the MULN balance sheet.
- There are more short-term assets than short-term liabilities on the MULN balance sheet.
Cons:
- MULN has a relatively high debt to equity ratio of 0.52.
- MULN has cash burn of 226483255. It does not have sufficient cash and short-term investments to cover this.
- MULN profit margin has gone down from N/A to -177,430.6% in the past year.
- MULN has $88.94M in cash and short term investments. This is not sufficient to cover its annual cash burn of $226.48M.
MULN Trading Indicators
MULN Performance Metrics
Last year, MULN revenue was $366.00k. In the last five year, MULN's revenue has gone up by -64.59% per year. This was slower than the Auto Manufacturers industry average of 36.99%.
Learn more about MULN's earnings and revenue performance here.
Who is buying/selling MULN?
Over the past year, executives and large shareholders at MULN have sold more shares than they have bought.
David Michery, CEO President of MULN, was the latest MULN insider to buy. They bought $100,407.36 worth of MULN stock on Aug 16, 2023.
Learn more about who owns MULN shares here.
Does MULN provide a stable income stream?
No, Mullen Automotive doesn't provide an income stream by paying out dividends.
Get opinions from other investors
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
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Step 5: Place your MULN purchase
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally fine. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a given dollar amount limit, place a limit order.
Press the Open button and eToro will execute your order.
If you need more info about buying stocks on eToro, watch the how to video below:
Step 6: Get the latest scoop on your MULN investment
Now that you own some shares in MULN, you'll want to stay up-to-date on your new shares.
Create a watchlist to get notified of important updates regarding your MULN stock.
MULN Feed
How to Buy Stock in Mullen Automotive
To summarize, here are the 6 steps for buying Mullen Automotive stock:
- Decide where to buy Mullen Automotive stock
- Create a brokerage account
- Put funds into your brokerage account
- Research Mullen Automotive stock
- Place your MULN purchase
- Get the latest scoop on your MULN investment
If you are looking for a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to keep an eye on your investment in Mullen Automotive, create your watchlist below.
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