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

Stellantis N.V. (NYSE:STLA) reached a new 52-week low during mid-day trading on Thursday. The company traded as low as $3.87 and last traded at $3.9150, with a volume of 16,731,355 shares trading hands. The stock had previously closed at $4.11.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Freedom Broker decreased their target price on shares of Stellantis from $7.50 to $6.80 and set a “buy” rating for the company in a research report on Tuesday, October 13th. Weiss Ratings downgraded shares of Stellantis from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, September 4th. Sanford C. Bernstein downgraded shares of Stellantis from a “market perform” rating to an “underperform” rating in a report on Friday, August 7th. Morgan Stanley lowered shares of Stellantis from an “equal weight” rating to an “underweight” rating and set a $5.20 price objective for the company. in a research note on Monday, September 14th. Finally, HSBC reiterated a “reduce” rating on shares of Stellantis in a report on Friday, October 23rd. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have assigned a Hold rating and seven have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $7.38.

Stellantis Stock Performance

The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.64. The firm has a market cap of $14.77 billion, a price-to-earnings ratio of 10.36, a price-to-earnings-growth ratio of 0.41 and a beta of 1.48. The stock has a fifty day moving average price of $4.65 and a 200 day moving average price of $6.39.

Stellantis (NYSE:STLA) last issued its quarterly earnings data on Wednesday, October 28th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.26). The company had revenue of $42.60 billion during the quarter, compared to analyst estimates of $46.96 billion. As a group, analysts predict that Stellantis N.V. will post 0.37 earnings per share for the current year.

Hedge Funds Weigh In On Stellantis

A number of institutional investors have recently modified their holdings of STLA. Bank of America Corp DE lifted its stake in shares of Stellantis by 84.7% in the first quarter. Bank of America Corp DE now owns 23,518,418 shares of the company’s stock worth $166,746,000 after buying an additional 10,783,370 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Stellantis by 118.4% in the 1st quarter. Renaissance Technologies LLC now owns 3,365,143 shares of the company’s stock worth $23,540,000 after acquiring an additional 1,824,139 shares during the period. Swiss National Bank lifted its position in Stellantis by 26.8% during the 1st quarter. Swiss National Bank now owns 6,981,716 shares of the company’s stock worth $48,774,000 after acquiring an additional 1,477,637 shares during the last quarter. Chou Associates Management Inc. acquired a new position in Stellantis during the 2nd quarter worth $8,003,000. Finally, Groupama Asset Managment boosted its holdings in Stellantis by 308.2% during the first quarter. Groupama Asset Managment now owns 964,571 shares of the company’s stock valued at $6,839,000 after acquiring an additional 728,301 shares during the period. Institutional investors own 59.48% of the company’s stock.

Stellantis Company Profile

Stellantis N.V. is a global automaker formed in 2021 through the merger of Fiat Chrysler Automobiles and France’s Groupe PSA. Headquartered in Amsterdam, the company designs, manufactures and sells passenger cars, light commercial vehicles and related mobility products and services. Its portfolio includes brands such as Jeep, Ram, Dodge, Chrysler, Fiat, Peugeot, Citroën, Opel, Vauxhall, Alfa Romeo and Maserati. Stellantis also develops electric and hybrid vehicles, automotive software and components, and offers financing and other services in some markets.