Stellantis (NYSE:STLA) Stock Price Down 7.1% - What's Next?

Key Points

• Stellantis shares fell 7.1% to approximately $3.97, trading below both the 50-day moving average of $4.90 and the 200-day moving average of $6.13.
• Analyst sentiment has weakened, with recent downgrades from HSBC and Berenberg; the stock has an average rating of “Reduce” and an average price target of $7.38.
• Stellantis reported quarterly EPS of $0.14 on $49.63 billion in revenue, while institutional investors own approximately 59.5% of the company’s shares.

Stellantis N.V. (NYSE:STLA - Get Free Report) shares were down 7.1% during trading on Friday. The company traded as low as $3.95 and last traded at $3.9650. 8,576,426 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 20,896,822 shares. The stock had previously closed at $4.27.

Wall Street Analyst Weigh In

Several research firms have issued reports on STLA. HSBC cut Stellantis from a "hold" rating to a "reduce" rating in a research note on Friday, July 3rd. Freedom Broker decreased their price target on Stellantis from $7.50 to $6.80 and set a "buy" rating on the stock in a research note on Tuesday, October 13th. Wall Street Zen raised Stellantis from a "strong sell" rating to a "sell" rating in a research note on Saturday, September 19th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Stellantis in a report on Tuesday, July 14th. Finally, Berenberg Bank downgraded Stellantis from a "buy" rating to a "hold" rating in a research report on Wednesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have assigned a Hold rating and seven have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce" and an average target price of $7.38.

Stellantis Price Performance

The company has a fifty day moving average of $4.90 and a 200-day moving average of $6.13. The company has a current ratio of 1.04, a quick ratio of 0.76 and a debt-to-equity ratio of 0.59. The stock has a market cap of $15.00 billion, a PE ratio of 10.22, a P/E/G ratio of 0.36 and a beta of 1.49.

Stellantis (NYSE:STLA - Get Free Report) last announced its earnings results on Tuesday, June 30th. The company reported $0.14 EPS for the quarter. The firm had revenue of $49.63 billion for the quarter. Sell-side analysts expect that Stellantis N.V. will post 0.41 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. grew its stake in shares of Stellantis by 57.3% in the third quarter. SBI Securities Co. Ltd. now owns 19,670 shares of the company's stock worth $86,000 after acquiring an additional 7,164 shares in the last quarter. Sowell Financial Services LLC increased its position in shares of Stellantis by 28.6% during the third quarter. Sowell Financial Services LLC now owns 33,396 shares of the company's stock worth $146,000 after acquiring an additional 7,425 shares during the period. TD Waterhouse Canada Inc. increased its position in shares of Stellantis by 7,589.8% during the third quarter. TD Waterhouse Canada Inc. now owns 553,669 shares of the company's stock worth $2,597,000 after acquiring an additional 546,469 shares during the period. Ellsworth Advisors LLC acquired a new stake in shares of Stellantis in the third quarter valued at $2,022,000. Finally, WealthPLAN Partners LLC acquired a new stake in shares of Stellantis in the third quarter valued at $71,000. Hedge funds and other institutional investors own 59.48% of the company's stock.

Stellantis Company Profile

Stellantis N.V. NYSE: STLA is a global automotive company formed in 2021 through the merger of Fiat Chrysler Automobiles and Groupe PSA. The company designs, engineers, manufactures and sells passenger cars, light commercial vehicles and mobility solutions across markets worldwide.

Stellantis operates a broad portfolio of automotive brands, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep, Lancia, Maserati, Opel, Peugeot, Ram and Vauxhall. Its products range from mass-market cars and sport utility vehicles to commercial vans, performance vehicles and luxury automobiles.

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