Stellantis (NYSE:STLA) Hits New 1-Year Low – What’s Next?

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

Analyst Upgrades and Downgrades

STLA has been the topic of a number of recent research reports. Cowen began coverage on shares of Stellantis in a research report on Thursday, March 6th. They set a “hold” rating on the stock. TD Cowen initiated coverage on shares of Stellantis in a report on Friday, March 7th. They issued a “hold” rating and a $13.00 price objective on the stock. Finally, Piper Sandler cut shares of Stellantis from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $23.00 to $13.00 in a research report on Thursday, March 20th. 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.27.

Stellantis Stock Performance

The company has a market capitalization of $29.37 billion, a price-to-earnings ratio of 2.85 and a beta of 1.44. The company’s fifty day simple moving average is $12.71 and its two-hundred day simple moving average is $13.16. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14.

Hedge Funds Weigh In On Stellantis

A number of hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. acquired a new position in shares of Stellantis in the 4th quarter worth approximately $26,000. Mpwm Advisory Solutions LLC bought a new position in Stellantis during the fourth quarter worth $29,000. Pilgrim Partners Asia Pte Ltd acquired a new position in Stellantis in the fourth quarter worth $47,000. MassMutual Private Wealth & Trust FSB increased its stake in Stellantis by 67.0% during 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 during the last quarter. Finally, WealthCollab LLC raised its holdings in shares of Stellantis by 96.5% during the fourth quarter. WealthCollab LLC now owns 4,594 shares of the company’s stock worth $60,000 after purchasing an additional 2,256 shares during the period. 59.48% of the stock is currently owned by institutional investors and hedge funds.

Stellantis Company Profile

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.