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Mullen Automotive Inc. sell Max1111

Start price
€0.13
22.07.23 / 50%
Target price
-
22.01.24
Performance (%)
-13.38%
End price
€0.11
05.08.23
Summary
This prediction ended on 05.08.23 with a price of €0.11. The prediction for Mullen Automotive Inc. closed with a convincing performance of -13.38%. Max1111 has a follow-up prediction for Mullen Automotive Inc. where he still thinks Mullen Automotive Inc. is a Sell. Max1111 has 50% into this prediction
Performance without dividends (%)
Name 1w 1m
Mullen Automotive Inc. - -
iShares Core DAX® 1.080% -2.933%
iShares Nasdaq 100 0.362% 7.015%
iShares Nikkei 225® -1.155% -1.155%
iShares S&P 500 0.806% 4.388%

According to Max1111 what are the pros and cons of Mullen Automotive Inc. for the foreseeable future?

Pros
Cons
Bad rating
Risky balance sheet
Increased challenges to pay loans and raise capital
Probably not worthwhile Investment
Revenue decline/stagnation expected
EBIT decline/stagnation expected
Lower EBIT Margin than peer group
ROE lower than 10% per year
Higher risks for its business
Below average Marketposition
Little known brand
negative Cash Flow expected
Below average Management

Comments by Max1111 for this prediction

In the thread Mullen Automotive Inc. diskutieren

Luftnummer

Current prediction by Max1111 for Mullen Automotive Inc.

Mullen Automotive Inc.

Start price
Target price
Perf. (%)
€0.11
05.08.23
€0.000
05.08.24
-7.36%
20.11.23

Bad rating
Risky balance sheet
Increased challenges to pay loans and raise capital
Probably not worthwhile Investment

Stopped prediction by Max1111 for Mullen Automotive Inc.

Mullen Automotive Inc.

Start price
Target price
Perf. (%)
€0.10
05.08.23
-
05.08.24
-
05.08.23

Bad rating
Risky balance sheet
Increased challenges to pay loans and raise capital
Probably not worthwhile Investment