MULN Stock: Mullen has Reached the Point of No Return

InvestorPlace2023-06-11

Among speculative growth stocks, Mullen Automotive (MULN) offers one of the worst risk/return propositions.This early-stage EV company makes higher-profile EV disappointments seem successful by ...

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John79
2023-06-12
John79
It really crashing down deeply... no matter any deals it close.. the stocks keep going down and down

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Flash forward to now, and it is perhaps apt to say that MULN stock has crashed and burned.Falling by another 41.2% during this brief time frame alone, shares in this electric vehicle company are now down by around 94.2% year-to-date.Yet while some speculators may see this as an opportunity to buy a “junker” stock on the cheap, riding it to big profits upon repair, there is simply too much out there that suggests that the company, and by extension its shares, are beyond repair.Among scores of hard-hit speculative growth stocks, there may be some worthy of a contrarian wager. However, it’s wise not to include Mullen on this list. Among speculative growth stocks, MULN offers one of the worst risk/return propositions. Here’s why.Per InvestorPlace’s Thomas Yeung, Mullen’s financing providers have become more reluctant to provide Mullen with additional capital. Clearly, this comes at an inopportune time.","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4534":"瑞士信贷持仓","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","BK4555":"新能源车","BK4533":"AQR资本管理(全球第二大对冲基金)","MULN":"Mullen Automotive","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","SQQQ":"纳指三倍做空ETF","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0823411888.USD":"法巴消费创新基金 Cap","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4527":"明星科技股","LU0056508442.USD":"贝莱德世界科技基金A2","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4550":"红杉资本持仓","QLD":"纳指两倍做多ETF","RIVN":"Rivian Automotive, Inc.","TQQQ":"纳指三倍做多ETF","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","BK4551":"寇图资本持仓","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4574":"无人驾驶","PSQ":"纳指反向ETF","LCID":"Lucid Group Inc","BK4581":"高盛持仓","QQQ":"纳指100ETF","BK4099":"汽车制造商","LU0823414478.USD":"法巴经典能源转换基金","BK4511":"特斯拉概念","TSLA":"特斯拉","LU0097036916.USD":"贝莱德美国增长A2 USD","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD"},"translate_title":"马伦股票：马伦已经到了不归路","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLA":1,"RIVN":1,"MULN":1,"LCID":1,"PSQ":0.6,"QLD":0.6,"QQQ":0.6,"SQQQ":0.6,"TQQQ":0.6,"MNQmain":0.6,"NQmain":0.6},"content_text":"Among speculative growth stocks, Mullen Automotive (MULN) offers one of the worst risk/return propositions.This early-stage EV company makes higher-profile EV disappointments seem successful by comparison.Possibly facing a cash crunch, not even the most risk-hungry of investors have any business owning MULN stock. \n\n\n\n \n\nSource: rafapress / Shutterstock.com\n\n\n\nA few weeks back, I said that Mullen Automotive (NASDAQ:MULN) was in the fast lane to zero. Flash forward to now, and it is perhaps apt to say that MULN stock has crashed and burned.\nFalling by another 41.2% during this brief time frame alone, shares in this electric vehicle company are now down by around 94.2% year-to-date.\nYet while some speculators may see this as an opportunity to buy a “junker” stock on the cheap, riding it to big profits upon repair, there is simply too much out there that suggests that the company, and by extension its shares, are beyond repair.\nAmong scores of hard-hit speculative growth stocks, there may be some worthy of a contrarian wager. However, it’s wise not to include Mullen on this list. Among speculative growth stocks, MULN offers one of the worst risk/return propositions. Here’s why.\n\n\n\n\nMULN\nMullen Automotive\n$0.43\n\n\n\n\n\n\n\n\n\nA Closer Look at MULN Stock\nThere have been plenty of high-profile disappointments among the early-stage electric vehicle stocks. For instance, despite ample hope and hype surrounding them, Lucid Group (NASDAQ:LCID) and Rivian Automotive (NASDAQ:RIVN) have fallen short of expectations.\nFar from becoming serious threats to EV market leader Tesla (NASDAQ:TSLA), both companies are struggling to scale up, and are reporting heavy operating losses. However, both companies look like big success stories compared to Mullen Automotive.\nWhile Lucid and Rivian have at least moved to producing thousands of vehicles annually, this EV upstart has just started to deliver vehicles to customers. High cash burn and dilution worries have weighed on both LCID stock and RIVN stock, but these issues have been much more intense with MULN stock.\nAlthough both of these larger peers have partially diluted their respective shareholders, Mullen has engaged in extremely high levels of shareholder dilution, as I have detailed in past coverage.\nAlthough Lucid and Rivian may each have a long-shot chance of proving skeptics such as myself wrong, Mullen Automotive likely has a no-shot chance of achieving a similar outcome. At least, based upon some more recent concerning developments with the company.\t\n\n\n\n\n\n\nPossible Cash Crunch Ahead\nWhile the aforementioned heavy use of dilutive financing methods has been disastrous for MULN stock, it has enabled the underlying business to stay afloat. However, while this spigot of additional capital has been seemingly endless, it may now be drying up.\nPer InvestorPlace’s Thomas Yeung, Mullen’s financing providers have become more reluctant to provide Mullen with additional capital. Clearly, this comes at an inopportune time.\nWhile the company reported it had around $116.1 million in cash on hand as of April 30, this likely isn’t enough to finance its efforts to ramp-up production of its commercial EV offerings.\nMuch less, make progress bringing its planned Mullen Five passenger EV to the production stage. Worse yet, based on how things have played out for Lucid and Rivian with their initial commercialization efforts, it is doubtful Mullen’s electric van and truck business will turn a profit right out of the gate.\nBefore a lack of cash robs Mullen of the opportunity to keep growing, the company’s cash reserves could quickly dwindle towards zero in the quarters ahead. If Yeung is right, and the spigot is off, MULN has likely reached the point of no return.\nThe Verdict\nMore now than ever, MULN appears destined to be a total loss for shareholders. If you did not heed past warnings, whether from myself, or from other commentators taking a bearish stance on the company’s shares, today is the time to do so.\nDuring 2022, and for most of the first half of 2023, Mullen always had more capital to tap into, in order to keep the dream alive.\nGoing forward, however, Mullen Automotive may no longer have this opportunity. With access to capital, the possibility of this stock making an epic comeback was remote. Without it, Mullen’s comeback chances are non-existent.\nWith this, it’s not only the risk-averse investors who should stay as far away as they can from MULN stock. The most risk-hungry of investors have no business owning it, either.\nMULN stock earns an F rating in Portfolio Grader.\nOn the date of publication, neither Louis Navellier nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article.\n\nLouis Navellier, who has been called “one of the most important money managers of our time,” has broken the silence in this shocking “tell all” video… exposing one of the most shocking events in our country’s history… and the one move every American needs to make today.\n\n\nConsumer Discretionary, Automotive, Electric Vehicles\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/market360/2023/06/muln-stock-has-reached-the-point-of-no-return/.\n©2023 InvestorPlace Media, LLC","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":186523601170584,"gmtCreate":1686577422266,"gmtModify":1686577426439,"author":{"id":"3567568181731083","authorId":"3567568181731083","name":"John79","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3567568181731083","idStr":"3567568181731083"},"htmlText":"It really crashing down deeply... no matter any deals it close.. the stocks keep going down and down","listText":"It really crashing down deeply... no matter any deals it close.. the stocks keep going down and down","text":"It really crashing down deeply... no matter any deals it close.. the stocks keep going down and down","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/186523601170584","repostId":2342052282,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":1,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2342052282"}