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

Stellantis N.V. (NYSE:STLAGet Free Report) reached a new 52-week low on Friday . The stock traded as low as $7.04 and last traded at $7.1580, with a volume of 17442410 shares trading hands. The stock had previously closed at $9.54.

Stellantis News Summary

Here are the key news stories impacting Stellantis this week:

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. UBS Group raised Stellantis from a “neutral” rating to a “buy” rating in a report on Tuesday, December 2nd. Morgan Stanley downgraded Stellantis from an “overweight” rating to an “equal weight” rating and set a $10.90 price target on the stock. in a report on Tuesday. BNP Paribas Exane cut shares of Stellantis from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 11th. Weiss Ratings reiterated a “sell (d)” rating on shares of Stellantis in a research note on Wednesday, January 21st. Finally, HSBC reiterated a “hold” rating on shares of Stellantis in a report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $11.67.

Read Our Latest Stock Analysis on Stellantis

Stellantis Stock Down 24.7%

The company has a quick ratio of 0.77, a current ratio of 1.06 and a debt-to-equity ratio of 0.37. The business’s fifty day simple moving average is $10.77 and its two-hundred day simple moving average is $10.19.

Institutional Trading of Stellantis

Hedge funds have recently modified their holdings of the company. United Community Bank acquired a new stake in Stellantis during the fourth quarter worth $26,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Stellantis during the 4th quarter valued at about $27,000. FNY Investment Advisers LLC bought a new stake in Stellantis in the second quarter valued at about $28,000. Montag A & Associates Inc. acquired a new position in Stellantis in the third quarter worth about $34,000. Finally, Atlantic Union Bankshares Corp bought a new position in Stellantis during the second quarter worth about $37,000. Institutional investors own 59.48% of the company’s stock.

About Stellantis

(Get Free Report)

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.

Further Reading

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