Stellantis (NYSE:STLA) Reaches New 52-Week Low – Here’s Why

Stellantis N.V. (NYSE:STLA)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $5.23 and last traded at $5.2350, with a volume of 2870169 shares trading hands. The stock had previously closed at $5.36.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on STLA. Piper Sandler lowered shares of Stellantis from an “overweight” rating to an “underweight” rating and set a $4.00 price objective on the stock. in a research note on Monday, July 27th. Citigroup restated a “neutral” rating on shares of Stellantis in a report on Thursday, July 9th. Weiss Ratings downgraded Stellantis from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday, July 31st. Truist Financial set a $9.00 target price on shares of Stellantis in a research report on Friday, May 22nd. Finally, Wall Street Zen cut Stellantis from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $8.66.

Stellantis Price Performance

The company has a quick ratio of 0.76, a current ratio of 1.04 and a debt-to-equity ratio of 0.59. The business’s 50-day simple moving average is $5.91 and its 200-day simple moving average is $7.09. The stock has a market cap of $19.41 billion, a PE ratio of 13.22, a PEG ratio of 0.31 and a beta of 1.45.

Stellantis (NYSE:STLA) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $0.14 EPS for the quarter. The business had revenue of $49.63 billion during the quarter. On average, research analysts expect that Stellantis N.V. will post 0.61 EPS for the current fiscal year.

Institutional Trading of Stellantis

Several institutional investors have recently bought and sold shares of the company. Norges Bank bought a new position in Stellantis during the fourth quarter valued at about $553,692,000. Viking Global Investors LP acquired a new position in shares of Stellantis during the 4th quarter valued at about $434,320,000. Marshall Wace LLP raised its stake in shares of Stellantis by 353.2% in the 4th quarter. Marshall Wace LLP now owns 15,145,245 shares of the company’s stock valued at $167,481,000 after acquiring an additional 11,803,688 shares in the last quarter. Bank of America Corp DE lifted its holdings in Stellantis by 84.7% in the 1st quarter. Bank of America Corp DE now owns 23,518,418 shares of the company’s stock worth $166,746,000 after purchasing an additional 10,783,370 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in Stellantis by 122.8% in the 4th quarter. Franklin Resources Inc. now owns 18,753,235 shares of the company’s stock worth $205,019,000 after purchasing an additional 10,337,920 shares during the last quarter. 59.48% of the stock is 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.