Stellantis (NYSE:STLA) Hits New 12-Month Low – Time to Sell?

Stellantis N.V. (NYSE:STLA)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $5.43 and last traded at $5.4550, with a volume of 3070588 shares traded. The stock had previously closed at $5.65.

Wall Street Analysts Forecast Growth

STLA has been the subject of several recent analyst reports. Truist Financial set a $9.00 price objective on shares of Stellantis in a report on Friday, May 22nd. Bank of America downgraded Stellantis from a “neutral” rating to an “underperform” rating in a report on Monday, May 11th. Citigroup restated a “neutral” rating on shares of Stellantis in a research report on Tuesday, June 9th. Kepler Capital Markets cut Stellantis from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 16th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Stellantis in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $10.51.

Stellantis Stock Down 4.7%

The firm’s 50-day simple moving average is $7.01 and its 200 day simple moving average is $8.07. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.75 and a current ratio of 1.03. The company has a market cap of $20.27 billion, a P/E ratio of 21.62, a PEG ratio of 0.37 and a beta of 1.46.

Stellantis (NYSE:STLA) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $0.16 earnings per share for the quarter. The firm had revenue of $44.14 billion during the quarter. On average, research analysts forecast that Stellantis N.V. will post 0.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of STLA. United Community Bank bought a new position in shares of Stellantis during the 4th quarter worth approximately $26,000. Flagship Harbor Advisors LLC bought a new stake in shares of Stellantis in the fourth quarter worth $27,000. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its holdings in Stellantis by 113.6% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 3,300 shares of the company’s stock worth $36,000 after purchasing an additional 1,755 shares during the last quarter. Cromwell Holdings LLC boosted its holdings in Stellantis by 1,402.0% during the fourth quarter. Cromwell Holdings LLC now owns 3,725 shares of the company’s stock worth $41,000 after purchasing an additional 3,477 shares during the last quarter. Finally, Intesa Sanpaolo Wealth Management bought a new position in Stellantis in the fourth quarter valued at $49,000. 59.48% of the stock is owned by institutional investors and hedge funds.

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.