Stellantis (NYSE:STLA) Sets New 12-Month Low - Here's Why

Stellantis (NYSE:STLA - Get Free Report)'s stock price reached a new 52-week low on Tuesday . The stock traded as low as $11.73 and last traded at $11.73, with a volume of 1680474 shares changing hands. The stock had previously closed at $12.34.

Analyst Upgrades and Downgrades

Separately, Evercore ISI started coverage on Stellantis in a report on Monday, November 11th. They issued an "inline" rating on the stock. Seven analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Stellantis has a consensus rating of "Hold" and an average target price of $27.34.

Stellantis Price Performance

The firm has a 50-day moving average price of $13.12 and a 200 day moving average price of $13.77. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 1.14. The stock has a market capitalization of $39.01 billion, a P/E ratio of 3.78 and a beta of 1.58.

Hedge Funds Weigh In On Stellantis

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Orion Portfolio Solutions LLC grew its position in Stellantis by 7.6% during the 4th quarter. Orion Portfolio Solutions LLC now owns 16,184 shares of the company's stock worth $211,000 after acquiring an additional 1,149 shares during the last quarter. Prospera Financial Services Inc grew its position in Stellantis by 9.5% during the 3rd quarter. Prospera Financial Services Inc now owns 13,681 shares of the company's stock worth $192,000 after acquiring an additional 1,192 shares during the last quarter. Spire Wealth Management grew its position in Stellantis by 29.7% during the 4th quarter. Spire Wealth Management now owns 5,291 shares of the company's stock worth $69,000 after acquiring an additional 1,211 shares during the last quarter. Glenorchy Capital Ltd grew its position in Stellantis by 4.9% during the 4th quarter. Glenorchy Capital Ltd now owns 28,701 shares of the company's stock worth $375,000 after acquiring an additional 1,340 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in shares of Stellantis by 10.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 16,246 shares of the company's stock worth $212,000 after buying an additional 1,481 shares during the last quarter. 59.48% of the stock is currently owned by institutional investors.

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.