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

Stellantis (NYSE:STLA) reached a new 52-week low during trading on Tuesday . The stock traded as low as $11.73 and last traded at $11.73, with a volume of 1680474 shares. The stock had previously closed at $12.34.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI assumed coverage on Stellantis in a research note on Monday, November 11th. They set an “inline” rating for the company. Seven research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $27.34.

Stellantis Trading Down 7.4 %

The firm has a fifty day simple moving average of $13.15 and a 200-day simple moving average of $13.80. The firm has a market cap of $34.54 billion, a P/E ratio of 3.35 and a beta of 1.58. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.85.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. bought a new position in shares of Stellantis in the fourth quarter valued at approximately $26,000. Mpwm Advisory Solutions LLC bought a new position in shares of Stellantis in the fourth quarter valued at approximately $29,000. Darwin Wealth Management LLC bought a new position in shares of Stellantis in the third quarter valued at approximately $47,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Stellantis in the fourth quarter valued at approximately $47,000. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Stellantis by 67.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,711 shares of the company’s stock valued at $48,000 after purchasing an additional 1,489 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.