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

Stellantis N.V. (NYSE:STLA) reached 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 changing hands. The stock had previously closed at $6.38.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Loop Capital set a $8.00 target price on shares of Stellantis in a report on Monday, March 2nd. Truist Financial set a $9.00 price target on shares of Stellantis in a research note on Friday, May 22nd. Citigroup reissued a “neutral” rating on shares of Stellantis in a research report on Tuesday, June 9th. TD Cowen reissued a “hold” rating on shares of Stellantis in a research report on Friday, May 22nd. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Stellantis in a research note on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $10.65.

Stellantis Stock Down 1.9%

The firm has a market capitalization of $22.01 billion, a P/E ratio of 23.39, a PEG ratio of 0.38 and a beta of 1.41. The firm’s 50 day moving average is $7.48 and its two-hundred day moving average is $8.46. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.03 and a quick ratio of 0.75.

Stellantis (NYSE:STLA) last posted its quarterly 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 for the quarter. Research analysts predict that Stellantis N.V. will post 0.55 EPS for the current year.

Institutional Investors Weigh In On Stellantis

A number of institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank acquired a new stake in Stellantis in the 4th quarter valued at about $553,692,000. Viking Global Investors LP acquired a new position in Stellantis during the fourth quarter worth approximately $434,320,000. Quadrature Capital Ltd increased its position in Stellantis by 6,148.4% during the third quarter. Quadrature Capital Ltd now owns 14,945,564 shares of the company’s stock worth $137,891,000 after buying an additional 14,706,375 shares during the last quarter. Marshall Wace LLP raised its stake in Stellantis by 353.2% in the fourth quarter. Marshall Wace LLP now owns 15,145,245 shares of the company’s stock valued at $167,481,000 after buying an additional 11,803,688 shares during the period. Finally, Bank of America Corp DE raised its stake in Stellantis by 84.7% in the first quarter. Bank of America Corp DE now owns 23,518,418 shares of the company’s stock valued at $166,746,000 after buying an additional 10,783,370 shares during the period. 59.48% of the stock is owned by institutional investors.

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.