Stellantis (NYSE:STLA) Sets New 52-Week Low – Time to Sell?

Stellantis N.V. (NYSE:STLA) hit a new 52-week low during mid-day trading on Monday . The stock 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.

Wall Street Analysts Forecast Growth

STLA has been the topic of several analyst reports. TD Cowen reiterated a “hold” rating on shares of Stellantis in a research note on Friday, May 22nd. Weiss Ratings restated a “sell (d)” rating on shares of Stellantis in a research note on Monday, April 20th. Citigroup reaffirmed a “neutral” rating on shares of Stellantis in a report on Tuesday, June 9th. Wall Street Zen upgraded Stellantis from a “sell” rating to a “hold” rating in a research report on Monday, March 9th. Finally, Truist Financial set a $9.00 price target on Stellantis in a report on Friday, May 22nd. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Stellantis has a consensus rating of “Hold” and an average target price of $10.65.

Stellantis Price Performance

The firm has a market cap of $21.66 billion, a P/E ratio of 23.02, a P/E/G ratio of 0.36 and a beta of 1.41. The firm’s fifty day simple moving average is $7.27 and its 200 day simple moving average is $8.28. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.75 and a current ratio of 1.03.

Stellantis (NYSE:STLA) last issued its earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share (EPS) for the quarter. The firm had revenue of $44.14 billion during the quarter. As a group, analysts forecast that Stellantis N.V. will post 0.55 earnings per share for the current year.

Institutional Trading of Stellantis

A number of large investors have recently added to or reduced their stakes in the company. National Bank of Canada FI boosted its position in shares of Stellantis by 3.7% during the 3rd quarter. National Bank of Canada FI now owns 32,949 shares of the company’s stock valued at $306,000 after acquiring an additional 1,186 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Stellantis by 0.5% in the first quarter. Public Employees Retirement System of Ohio now owns 256,463 shares of the company’s stock valued at $1,790,000 after purchasing an additional 1,320 shares in the last quarter. Kestra Advisory Services LLC increased its position in Stellantis by 9.1% in the first quarter. Kestra Advisory Services LLC now owns 17,771 shares of the company’s stock worth $126,000 after purchasing an additional 1,488 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Stellantis by 28.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 7,110 shares of the company’s stock valued at $77,000 after purchasing an additional 1,586 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in Stellantis by 7.6% during the fourth quarter. Stifel Financial Corp now owns 23,100 shares of the company’s stock valued at $252,000 after purchasing an additional 1,624 shares in the last quarter. Institutional investors own 59.48% of the company’s stock.

About Stellantis

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.