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

Stellantis N.V. (NYSE:STLA) hit a new 52-week low during trading on Tuesday. The stock traded as low as $4.19 and last traded at $4.2950, with a volume of 31,140,743 shares trading hands. The stock had previously closed at $4.37.

Wall Street Analyst Weigh In

Several research analysts have weighed in on STLA shares. Wall Street Zen raised Stellantis from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 19th. UBS Group downgraded Stellantis from a “buy” rating to a “neutral” rating in a report on Monday, August 3rd. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Stellantis in a research note on Thursday, July 9th. Berenberg Bank downgraded shares of Stellantis from a “buy” rating to a “hold” rating in a report on Wednesday, September 16th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Stellantis in a research report on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, ten have assigned a Hold rating and seven have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and an average target price of $7.38.

Stellantis Price Performance

The business has a fifty day moving average of $4.97 and a 200 day moving average of $6.20. The firm has a market cap of $16.17 billion, a P/E ratio of 11.01, a PEG ratio of 0.35 and a beta of 1.49. The company has a quick ratio of 0.76, a current ratio of 1.04 and a debt-to-equity ratio of 0.59.

Stellantis (NYSE:STLA) last released its quarterly earnings data on Tuesday, June 30th. The company reported $0.14 earnings per share (EPS) for the quarter. The business had revenue of $49.63 billion during the quarter. On average, sell-side analysts anticipate that Stellantis N.V. will post 0.44 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. TD Waterhouse Canada Inc. raised its stake in Stellantis by 7,589.8% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 553,669 shares of the company’s stock valued at $2,597,000 after acquiring an additional 546,469 shares during the period. Ellsworth Advisors LLC acquired a new stake in Stellantis during the 3rd quarter valued at $2,022,000. WealthPLAN Partners LLC acquired a new stake in Stellantis during the 3rd quarter valued at $71,000. KMG Fiduciary Partners LLC bought a new position in Stellantis during the third quarter worth $78,000. Finally, Taylor & Morgan Wealth Management LLC boosted its position in Stellantis by 84.6% during the third quarter. Taylor & Morgan Wealth Management LLC now owns 24,000 shares of the company’s stock worth $105,000 after purchasing an additional 11,000 shares during the period. 59.48% of the stock is currently owned by institutional investors.

About Stellantis

Stellantis N.V. (NYSE: STLA) is a global automotive company formed in 2021 through the merger of Fiat Chrysler Automobiles and Groupe PSA. The company designs, engineers, manufactures and sells passenger cars, light commercial vehicles and mobility solutions across markets worldwide.

Stellantis operates a broad portfolio of automotive brands, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep, Lancia, Maserati, Opel, Peugeot, Ram and Vauxhall. Its products range from mass-market cars and sport utility vehicles to commercial vans, performance vehicles and luxury automobiles.