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 $0.81, down 15.22% from the previous day, and has decreased 96.7% in one year. It has underperformed other stocks in the Software - Infrastructure industry by 0.99 percentage points. Mullen Automotive stock is currently +12.22% from its 52-week low of $0.72, and -98.11% from its 52-week high of $42.75.
There are currently 172.51M shares of MULN outstanding. The market capitalization of MULN is $139.39M. In the past 24 hours, 54.36M 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.
- Provide your personal details to start a new brokerage account.
- Send your info by clicking the "Create Account" button.
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/B ratio of 0.82x, relative to Software - Infrastructure industry P/B ratio of 11.79x
You can access additional valuation research on MULN's stock here.
MULN Financial Health 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.
Cons:
- There are more short-term liabilities than short-term assets on the MULN balance sheet.
- MULN has cash burn of 113905175. It does not have sufficient cash and short-term investments to cover this.
- MULN has a relatively high debt to equity ratio of 0.83.
- MULN has $86.75M in cash and short term investments. This is not sufficient to cover its annual cash burn of $113.91M.
MULN Momentum
MULN Revenue
Last year, MULN revenue was $0.00. During the last 5 year, MULN's revenue has gone up by -100% per year. This was slower than the Software - Infrastructure industry average of 17.98%.
You can analyze MULN's earnings and revenue performance here.
Latest Insiders Trades at MULN
In the last year, insiders at MULN have sold more shares than they have bought.
Jonathan New, CFO of MULN, was the latest MULN insider to sell. They sold $36,585.18 worth of MULN shares on Mar 6, 2023.
Research more about who owns MULN shares here.
Can I get consistent income from MULN stock?
No, Mullen Automotive doesn't provide an income stream by paying out dividends.
MULN Social Trading Data
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Place your MULN purchase
You have two primary options:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually the best for newer investors. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a specific price limit, place a limit order.
Press the Open button and eToro will place the order.
If you need more help 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 MULN stock, you'll want to stay up-to-date on your new stock purchase.
Make a watchlist to get the latest updates about your MULN stock.
MULN Feed
How to Buy Stock in Mullen Automotive
To reiterate, here are the 6 steps to buy stock in Mullen Automotive:
- 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 require a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get notifications regarding your investment in Mullen Automotive, get started below.
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