Stellantis (NYSE:STLA) Reaches New 12-Month Low – What’s Next?

Stellantis N.V. (NYSE:STLA)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $5.61 and last traded at $5.6770, with a volume of 3120077 shares changing hands. The stock had previously closed at $5.68.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Freedom Capital upgraded Stellantis from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 1st. Loop Capital set a $8.00 price objective on shares of Stellantis in a report on Monday, March 2nd. Citigroup reiterated a “neutral” rating on shares of Stellantis in a research report on Tuesday, June 9th. Bank of America cut shares of Stellantis from a “neutral” rating to an “underperform” rating in a research note on Monday, May 11th. Finally, Kepler Capital Markets lowered shares of Stellantis from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 16th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $10.65.

Stellantis Trading Down 1.1%

The company has a 50 day moving average of $7.38 and a 200 day moving average of $8.37. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.75 and a current ratio of 1.03. The stock has a market capitalization of $21.13 billion, a price-to-earnings ratio of 22.46, a P/E/G ratio of 0.37 and a beta of 1.41.

Stellantis (NYSE:STLA) last released its earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share (EPS) for the quarter. The business had revenue of $44.14 billion for the quarter. On average, research analysts predict that Stellantis N.V. will post 0.55 EPS for the current fiscal year.

Institutional Trading of Stellantis

Several large investors have recently added to or reduced their stakes in STLA. United Community Bank acquired a new position in shares of Stellantis during the 4th quarter valued at about $26,000. Flagship Harbor Advisors LLC acquired a new stake in Stellantis during the fourth quarter worth about $27,000. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its stake in Stellantis by 113.6% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 3,300 shares of the company’s stock worth $36,000 after purchasing an additional 1,755 shares during the period. Montag A & Associates Inc. acquired a new position in Stellantis in the 3rd quarter valued at about $34,000. Finally, Cromwell Holdings LLC boosted its holdings in Stellantis by 1,402.0% in the 4th quarter. Cromwell Holdings LLC now owns 3,725 shares of the company’s stock valued at $41,000 after purchasing an additional 3,477 shares during the last quarter. 59.48% of the stock is currently owned by hedge funds and other institutional investors.

Stellantis Company Profile

Stellantis N.V. is a global automotive manufacturer formed through the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA, a transaction completed in January 2021. The company designs, manufactures and sells a broad portfolio of passenger cars, light commercial vehicles and related powertrains under a large number of well-known brands, including (but not limited to) Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, Fiat, Jeep, Maserati, Opel, Peugeot, Ram and Vauxhall. Stellantis also provides parts, accessories, service operations and branded aftersales support through legacy networks such as Mopar and regional dealer ecosystems.

In addition to vehicle manufacturing, Stellantis operates mobility- and software-related businesses and financial services.