Stellantis (NYSE:STLA) Shares Gap Down – What’s Next?

Stellantis (NYSE:STLA) gapped down before the market opened on Wednesday . The stock had previously closed at $14.03, but opened at $13.38. Stellantis shares last traded at $13.52, with a volume of 7,575,332 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI started coverage on shares of Stellantis in a research note on Monday, November 11th. They set an “inline” rating for the company. Seven research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Stellantis currently has a consensus rating of “Hold” and a consensus price target of $27.34.

Stellantis Stock Down 4.0 %

The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. The stock’s fifty day moving average price is $13.16 and its two-hundred day moving average price is $13.88.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. purchased a new stake in shares of Stellantis during the 4th quarter valued at about $26,000. Mpwm Advisory Solutions LLC purchased a new position in Stellantis in the fourth quarter worth about $29,000. Darwin Wealth Management LLC bought a new position in Stellantis during the 3rd quarter valued at about $47,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Stellantis during the fourth quarter valued at $47,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in Stellantis by 67.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock valued at $48,000 after purchasing an additional 1,489 shares in the last quarter. Hedge funds and other institutional investors own 59.48% of the company’s stock.

About Stellantis

Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services, and production systems worldwide. It provides luxury and premium vehicles; sport utility vehicles; American and European brand vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.