Stellantis (NYSE:STLA) Sets New 52-Week Low – What’s Next?

Shares of Stellantis N.V. (NYSE:STLA) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $6.13 and last traded at $6.1250, with a volume of 522948 shares traded. The stock had previously closed at $6.38.

Wall Street Analyst Weigh In

Several analysts have weighed in on STLA shares. Citigroup reiterated a “neutral” rating on shares of Stellantis in a research note on Tuesday, June 9th. Kepler Capital Markets downgraded Stellantis from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 16th. Zacks Research upgraded Stellantis from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Loop Capital set a $8.00 price target on shares of Stellantis in a report on Monday, March 2nd. Finally, TD Cowen reiterated a “hold” rating on shares of Stellantis in a report on Friday, May 22nd. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Stellantis has an average rating of “Hold” and an average target price of $10.90.

Stellantis Price Performance

The firm has a 50-day simple moving average of $7.57 and a two-hundred day simple moving average of $8.54. The company has a market capitalization of $23.02 billion, a price-to-earnings ratio of 24.54, a P/E/G ratio of 0.41 and a beta of 1.41. The company has a current ratio of 1.03, a quick ratio of 0.75 and a debt-to-equity ratio of 0.50.

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of STLA. Landesbank Baden Wuerttemberg boosted its position in Stellantis by 376.5% in the 1st quarter. Landesbank Baden Wuerttemberg now owns 81,000 shares of the company’s stock worth $562,000 after purchasing an additional 64,000 shares in the last quarter. Groupama Asset Managment grew its stake in shares of Stellantis by 308.2% during the 1st quarter. Groupama Asset Managment now owns 964,571 shares of the company’s stock worth $6,839,000 after purchasing an additional 728,301 shares during the period. Bank of America Corp DE increased its holdings in shares of Stellantis by 84.7% during the 1st quarter. Bank of America Corp DE now owns 23,518,418 shares of the company’s stock valued at $166,746,000 after purchasing an additional 10,783,370 shares in the last quarter. Seven Six Capital Management LLC increased its holdings in shares of Stellantis by 13.7% during the 1st quarter. Seven Six Capital Management LLC now owns 165,900 shares of the company’s stock valued at $1,176,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Centaurus Financial Inc. acquired a new position in shares of Stellantis in the 1st quarter valued at $697,000. 59.48% of the stock is owned by institutional investors and hedge funds.

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.