Stellantis (NYSE:STLA) Sets New 1-Year Low – Here’s Why

Stellantis N.V. (NYSE:STLA)’s stock price reached a new 52-week low during mid-day trading on Saturday . The company traded as low as $6.28 and last traded at $6.3350, with a volume of 22762051 shares changing hands. The stock had previously closed at $6.50.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on STLA shares. Weiss Ratings restated a “sell (d)” rating on shares of Stellantis in a research note on Wednesday, January 21st. Sanford C. Bernstein reiterated a “market perform” rating and set a $9.90 price objective on shares of Stellantis in a research note on Wednesday, January 14th. Loop Capital set a $8.00 price objective on Stellantis in a report on Monday, March 2nd. The Goldman Sachs Group raised shares of Stellantis to a “hold” rating in a research note on Monday, November 24th. Finally, TD Cowen restated a “hold” rating on shares of Stellantis in a report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $11.12.

Stellantis Price Performance

The business has a fifty day moving average of $8.29 and a 200 day moving average of $9.72. The company has a current ratio of 1.02, a quick ratio of 0.74 and a debt-to-equity ratio of 0.59.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in STLA. United Community Bank bought a new position in shares of Stellantis in the fourth quarter valued at about $26,000. Flagship Harbor Advisors LLC bought a new position in Stellantis during the 4th quarter worth $27,000. Montag A & Associates Inc. bought a new position in Stellantis during the 3rd quarter worth $34,000. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its holdings in shares of 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 buying an additional 1,755 shares in the last quarter. Finally, Cromwell Holdings LLC boosted its position in shares of Stellantis by 1,402.0% in the fourth quarter. Cromwell Holdings LLC now owns 3,725 shares of the company’s stock valued at $41,000 after acquiring an additional 3,477 shares during the period. 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.