Should I buy Mullen Automotive stock in 2025?

What is Mullen Automotive?

How much is the Mullen Automotive stock?

The price of Mullen Automotive stock is falling this week. As of now, the share trades at $0.1069, down 29.67% over the past 24 hours and 37.12% lower week-on-week, with a market capitalization of $5.79 million.

Average daily trading volume over the last three months stands at 18,839,083 shares. The P/E ratio is not available due to ongoing losses, and no dividend is paid.

With a beta of 1.42, the stock is considered highly volatile versus the broader market. Investors in Ireland should be mindful of significant price swings and the underlying risks before considering this stock.

Our full analysis of Mullen Automotive stock

Following a thorough assessment of Mullen Automotive’s most recent quarterly financial results and the distinct pattern of its stock behaviour over the last three years, we have leveraged a mix of proprietary algorithmic analysis—synthesising quantitative metrics, technical signals, peer comparisons, and market developments—to deliver a rigorous, opportunity-focused review. Although the share price has reflected substantial volatility, the latest operational and strategic developments position the company at an inflection point within the commercial electric vehicle (EV) sector. So, why might Mullen Automotive once again represent a strategic entry point into the high-growth EV manufacturing arena as 2025 unfolds?

Recent Performance and Market Context

Mullen Automotive (NASDAQ: MULN) is currently trading at $0.1069 (as of 30 May 2025), with a market capitalisation of $5.79 million. While the stock has faced marked selling pressure—registering a one-week drop of 37.12% and a one-day decline of 29.67%—it is important to contextualise these moves within the company’s active restructuring phase. The broader electric vehicle market continues to attract global capital, with governments across Europe—including Ireland—and the US supporting rapid fleet electrification, particularly in the commercial segment.

Key recent events have marked tangible progress for Mullen:

• A settlement agreement with GEM Group in May 2025, suggesting access to new capital or partnership frameworks.
• A major reverse split (1:100) in April 2025, resetting the share structure and laying foundations for potential compliance and further institutional participation.
• Deliveries of 100 commercial electric vehicles since September 2024, amounting to $5.5 million in revenue—a material operational milestone.
• Bollinger Motors, Mullen’s wholly-owned affiliate, achieved its first delivery of a Class 4 electric truck, signalling meaningful product execution.

This progress unfolds in the context of a resilient global EV sector, which is increasingly prioritising commercial electrification—an area where Mullen’s niche positioning and recent product rollouts appear especially timely.

Technical Analysis

Mullen Automotive’s current technical profile is displaying classic characteristics of a market bottom and potential bullish reversal, creating a compelling backdrop for opportunistic accumulation:

• Relative Strength Index (RSI): At 20.86, the RSI signals extreme oversold conditions—traditionally fertile ground for technical rebounds, particularly in small-cap growth stocks.
• MACD: The current value of -19.82 reflects recent capitulation, providing statistical headroom for mean reversion should sentiment shift on new catalysts.
• Moving averages: The 20, 50, 100, and 200-day averages flag a residual downtrend (all in sell territory), but with the share price consolidating around strong support at $0.10—a technical level previously respected by market participants.
• Confirmed “death cross” and persistent oversold signals—while historically signalling caution—have, in many cases for microcaps, served as reliable contrarian signals, especially when coupled with substantial volume and the emergence of fresh company catalysts.

Crucially, the prevailing chart structure and extremely compressed price action, positioned just above robust technical support, underline the scenario for upside recalibration if sentiment improves.

Fundamental Analysis

From a fundamental perspective, Mullen Automotive’s most recent quarterly report is striking for its revenue leap—recording $5.0 million, a staggering +2,136% year-over-year increase from a low base. This growth far surpassed analyst revenue expectations. Major topline expansion was primarily driven by:

• Initial fleet deliveries to commercial clients, validating the company’s go-to-market strategy.
• The successful integration of Bollinger Motors, which has now contributed operationally.

While net losses remain substantial ($53.9 million in Q2 2025), and the company remains unprofitable (hence no P/E), the enormous revenue ramp highlights an inflection point driven by execution. When compared to sector peers—particularly other emerging EV manufacturers—Mullen’s price-to-sales ratio is notably compressed, reflecting both market caution and asymmetric re-rating potential. Its proprietary innovations in semi-solid battery tech, niche focus on commercial-class EVs, and expanding partnerships provide a sound strategic backbone for future growth.

Structural strengths include:

• Specialised expertise in commercial EV design and production.
• Technology partnerships (notably with Enpower Greentech in battery development).
• An agile, entrepreneurial operating model able to quickly adjust to sector dynamics.

These fundamentals, considered alongside its ultra-low market cap, position Mullen as a rare, leveraged play on the accelerating commercial EV transition—especially as revenue inflection and strategic partnerships begin to crystallise.

Volume and Liquidity

Mullen’s average daily trading volume remains robust (18.8 million shares over three months), reflecting considerable ongoing market engagement and sufficient liquidity to support dynamic price discovery. The relatively modest current float (approx. 54.14 million shares) enhances the stock’s ability to react to positive news flow—any upside catalyst can be amplified through limited supply, a characteristic sought by risk-tolerant institutional and active investors.

Sustained high volume, especially after restructuring events and technical consolidation, often signals durable institutional interest and provides an attractive setup for investors expecting a valuation recalibration.

Catalysts and Positive Outlook

Looking forward, Mullen Automotive enjoys a confluence of potentially transformative catalysts:

• Expansion of the commercial EV lineup (Classes 1, 3, and 4), with imminent product launches and deliveries on the horizon.
• Cutting-edge battery technology development, particularly in semi-solid lithium-ion batteries through the Enpower Greentech collaboration, which aims to deliver better range and safety—key differentiators for fleet clients.
• The integration and execution of Bollinger Motors is expected to accelerate access to the growing US and global commercial vehicle markets and to enlarge revenue streams.
• Multiple new partnership agreements—including those with logistics companies and leading California universities—provide additional validation and potential recurring business.
• The broader policy and demand environment (across the EU and US) remains highly supportive, with incentives for commercial fleet electrification and growing sustainability mandates—factors especially relevant for Irish investors assessing exposure to the global green transition.

Strategically, these factors all point towards a period of heightened operational momentum and multiple opportunities for sentiment and valuation uplift.

Investment Strategies

Given the current technical and fundamental setup, several buy-side strategies merit consideration:

• Short-term opportunity: The extreme technical oversold conditions (RSI
• Medium-term positioning: Anticipation of further product deliveries, milestones from the GEM agreement, or new partnership announcements may drive sustained momentum, providing a window for swing trading strategies or gradual position building.
• Long-term vision: For investors with risk appetite aligned to microcap speculative profiles, Mullen’s price-to-sales multiple, grounded in the recent revenue surge and unique commercial EV market niche, may offer asymmetric upside potential as cumulative execution and sectoral tailwinds take hold. Entry at these compression levels ahead of further battery technology advances or expansion into the EU could be highly advantageous in a sector primed for re-rating.

The current price action, positioned at technical lows and ahead of several near-term corporate catalysts, appears to offer an ideal risk/reward setup for active and speculative investors.

Is It the Right Time to Buy Mullen Automotive?

From a multidisciplinary perspective, the timing for renewed interest in Mullen Automotive seems increasingly compelling. The company is demonstrating vibrant revenue acceleration (+2,136% YoY in Q2 2025), making strides in product delivery, integrating strategic acquisitions, and innovating in a burgeoning commercial EV sector. The chart structure is forming a potential base, with volume, active restructuring, and imminent catalysts all converging at highly compressed valuation levels.

For Irish and European investors seeking exposure to the next generation of electrified commercial transport—and prepared to navigate volatility—Mullen Automotive embodies the profile of a stock primed for reappraisal as operational execution meets a supportive macro backdrop. The fundamentals, technical inflection, and acute upside leverage suggest that MULN may be entering a new bullish phase, just as the sector transitions through one of the most dynamic periods in transport history.

In summary, while prudent risk management remains essential, the current conditions surrounding Mullen Automotive appear to represent an excellent opportunity for those looking to capitalise on the evolving landscape of commercial electric mobility, with substantial upside potential awaiting as the company’s strategy continues to unfold.

How to buy Mullen Automotive stock in Ireland?

Buying Mullen Automotive (MULN) shares online is both simple and secure when using a regulated broker approved to offer US equities to Irish residents. Investors can choose between two main methods: buying actual shares (spot buying) or trading the price movements via contracts for difference (CFDs). Each method offers distinct advantages depending on your investing objectives, from holding the asset to trading with leverage. To help you find the option best suited to your needs, you'll find a detailed comparison of the top brokers for Irish investors further down the page.

Spot buying

Cash purchase means you buy real Mullen Automotive shares and become a shareholder, owning a direct stake in the company. This approach is best for those intending to hold shares over time and benefit from any future price appreciation. Irish-friendly brokers usually charge a fixed commission per order—typically around €4–€7, depending on the platform.

Important example

Example: Suppose Mullen Automotive shares are trading at $0.1069 USD (approx. €0.10). With a stake of $1,000 USD (approx. €920) and a brokerage fee of $5 USD, you could buy about 9,350 shares after fees ($1,000 − $5 = $995; $995 / $0.1069 ≈ 9,307 shares).
✔️ Gain scenario: If the share price rises by 10%, your shares are now worth $1,100.
Result: +$100 gross gain, or +10% on your initial investment.

Trading via CFD

CFD (Contract for Difference) trading allows you to speculate on the price movements of Mullen Automotive shares without owning the underlying asset. CFD brokers offer leverage, meaning you can access a larger market position with a smaller amount of capital, but fees apply—primarily the spread (the difference between buy and sell prices) and overnight financing charges if you hold trades longer than a day.

Important example

Example: If you open a CFD position with $1,000 and use 5x leverage, your exposure becomes $5,000.
✔️ Gain scenario: If the stock moves up 8%, your leveraged position gains 8% × 5 = 40%.
Result: +$400 gain on a $1,000 deposit (excluding fees such as spread and financing).

Final advice

Before deciding, always compare brokers' fees, trading platforms, and account terms—these can vary greatly and impact your net returns. The best route depends on your investment objectives: cash purchases suit those looking to hold assets directly, while CFDs are better for active traders seeking short-term opportunities with leverage. Use the broker comparator further down the page to find the platform that's right for your needs. Invest wisely!

Our 7 tips for buying Mullen Automotive stock

The latest news about Mullen Automotive

Mullen Automotive posted a 2,136% year-on-year revenue growth in Q2 2025, surpassing expectations. The company reported $5 million in revenue for the quarter ending March 31, 2025, a dramatic rise from $33,000 a year prior, primarily attributed to accelerating deliveries of its commercial electric vehicles. This outpaces analyst forecasts and signals operational momentum despite broader headwinds; such a sharp revenue increase — though still from a low base — is a constructive sign for strategic stakeholders evaluating long-term potential. For Irish investors and financial analysts, this offers an example of rapid scaling that could indicate future partnership or procurement potential should Mullen seek to expand internationally, including in the EU.

Mullen Automotive and GEM Group reached a formal settlement in May 2025, initiating a 55-day due diligence window. This agreement could resolve lingering uncertainties tied to financing and strategic resources, reinforcing the company’s access to capital in the critical coming months. With global equity markets closely watching capital-intensive EV ventures, Irish institutional investors seeking portfolio diversification in emerging tech sectors may interpret this as positive news; the deal’s transparency and timeline-driven structure improves the outlook for effective capital management.

Bollinger Motors, Mullen’s subsidiary, delivered its first Class 4 all-electric trucks during May 2025. This milestone represents a tangible step forward in bringing new commercial electric vehicle technologies to market. As demand for zero-emission logistics solutions grows rapidly throughout Europe, including Ireland, Bollinger’s technological progress and delivery records could raise Mullen’s profile among fleet operators and public sector buyers. For Irish market participants, this enhances the credibility of Mullen’s commercial offerings and suggests readiness for potential cross-border engagement in the EV infrastructure space.

Mullen has completed the delivery of 100 electric vehicles, totaling $5.5 million in revenue since September 2024. Demonstrating execution ability, the consistent roll-out and sales of commercial vehicles underpin Mullen’s short-term revenue base and provide proof-of-concept to international customers and partners. Irish investors, increasingly active in ESG and green transport sectors, will note the delivery figures as evidence of operational effectiveness — supporting future conversations about European market access, compliance, and local distribution opportunities.

Technical indicators confirm Mullen’s stock is in extreme oversold territory, suggesting potential for technical rebound. With the Relative Strength Index (RSI) at 20.86 and all major moving averages signaling “sell,” the stock has experienced significant downward pressure, accentuated by a recent “death cross.” While this indicates market pessimism, such technical conditions sometimes precede short-term rallies or mean reversion trades, relevant for Irish short-term traders or tactical investors seeking volatility in US-listed green tech equities. Nonetheless, any engagement should be weighed against persistent fundamental risks.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.