Stellantis (NYSE:STLA) Reaches New 1-Year Low – Should You Sell?

Shares of Stellantis (NYSE:STLA) hit a new 52-week low during trading on Thursday . The stock traded as low as $10.93 and last traded at $11.27, with a volume of 16791077 shares. The stock had previously closed at $11.09.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on STLA. Piper Sandler cut shares of Stellantis from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $23.00 to $13.00 in a report on Thursday, March 20th. Cowen began coverage on shares of Stellantis in a research note on Thursday, March 6th. They issued a “hold” rating for the company. Finally, TD Cowen initiated coverage on Stellantis in a research note on Friday, March 7th. They issued a “hold” rating and a $13.00 price target on the stock. Nine research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $19.27.

Stellantis Stock Up 1.6 %

The firm’s 50 day simple moving average is $12.84 and its 200-day simple moving average is $13.21. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $34.07 billion, a price-to-earnings ratio of 3.30 and a beta of 1.64.

Institutional Trading of Stellantis

Institutional investors and hedge funds have recently bought and sold shares of the stock. Geneos Wealth Management Inc. bought a new position in Stellantis in the fourth quarter valued at approximately $26,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Stellantis in the 4th quarter valued at approximately $29,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Stellantis in the fourth quarter valued at $47,000. MassMutual Private Wealth & Trust FSB increased its holdings in Stellantis by 67.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock worth $48,000 after buying an additional 1,489 shares during the last quarter. Finally, WealthCollab LLC raised its position in Stellantis by 96.5% during the fourth quarter. WealthCollab LLC now owns 4,594 shares of the company’s stock worth $60,000 after acquiring an additional 2,256 shares in the last quarter. Institutional investors own 59.48% of the company’s stock.

About Stellantis

Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services, and production systems worldwide. It provides luxury and premium vehicles; sport utility vehicles; American and European brand vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.