Stellantis (NYSE:STLA) Shares Gap Down – Time to Sell?

Shares of Stellantis N.V. (NYSE:STLA) gapped down prior to trading on Friday. The stock had previously closed at $4.69, but opened at $4.49. Stellantis shares last traded at $4.4620, with a volume of 8,780,059 shares trading hands.

More Stellantis News

Here are the key news stories impacting Stellantis this week:

• Positive Sentiment: Ram pickup sales reportedly jumped 73%, helping Stellantis rebound from a record low and supporting the company’s U.S. performance. Stock Market Today, Oct. 1: Stellantis Surges Off Record Low on Ram Pickup Sales Jump
• Positive Sentiment: Looser fuel-economy rules could reduce compliance costs across the auto industry by approximately $60.6 billion through 2031, potentially improving Stellantis’ cash flow and profitability, although the company’s specific savings were not provided. Automakers Eye $60.6B in Savings as Fuel Economy Rules Ease
• Positive Sentiment: Stellantis and Wayve plan to demonstrate hands-free, AI-powered driving in Fiat and Maserati vehicles, offering longer-term technology and product differentiation potential. Stellantis and Wayve to Demonstrate AI-Powered, Hands-Free Driving
• Neutral Sentiment: Stellantis reported flat U.S. third-quarter sales compared with the prior year, while year-to-date sales increased 3%. The results show modest progress but limited near-term momentum. Stellantis Reports Q3 Sales
• Neutral Sentiment: RBC Capital maintained a Hold rating and discussed a possible breakup of Stellantis, signaling that unlocking value may require major structural changes. RBC Capital Pitches the Case for Stellantis to Break Up
• Negative Sentiment: Analysts expect Detroit automakers to lose market share to Asian competitors as elevated gasoline prices increase demand for hybrids and fuel-efficient vehicles, a risk for Stellantis’ U.S. mix. Detroit Three Automakers Set to Lose Market Share to Asian Rivals
• Negative Sentiment: Reports of nearly 50 internal “war rooms” addressing early quality problems raise concerns about warranty costs, execution and brand reputation. Stellantis Quality Problems

Analyst Upgrades and Downgrades

STLA has been the subject of several recent research reports. Morgan Stanley downgraded Stellantis from an “equal weight” rating to an “underweight” rating and set a $5.20 price target for the company. in a research report on Monday, September 14th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Stellantis in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Stellantis in a report on Tuesday, July 14th. Sanford C. Bernstein cut shares of Stellantis from a “market perform” rating to an “underperform” rating in a research note on Friday, August 7th. Finally, TD Cowen reiterated a “hold” rating on shares of Stellantis in a report on Wednesday, August 26th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Hold rating and seven have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $7.45.

Stellantis Stock Down 6.5%

The stock has a fifty day moving average of $5.27 and a two-hundred day moving average of $6.39. The company has a quick ratio of 0.76, a current ratio of 1.04 and a debt-to-equity ratio of 0.59. The stock has a market cap of $16.50 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 0.30 and a beta of 1.49.

Stellantis (NYSE:STLA) last announced its quarterly 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. As a group, analysts predict that Stellantis N.V. will post 0.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of STLA. IFP Advisors Inc grew its stake in Stellantis by 1,534.8% during the second quarter. IFP Advisors Inc now owns 4,463 shares of the company’s stock worth $26,000 after buying an additional 4,190 shares during the period. Sarver Vrooman Wealth Advisors acquired a new position in shares of Stellantis during the fourth quarter worth about $52,000. MinichMacGregor Wealth Management LLC purchased a new position in Stellantis in the 1st quarter worth approximately $73,000. MASTERINVEST Kapitalanlage GmbH acquired a new stake in Stellantis during the 2nd quarter valued at approximately $65,000. Finally, Summit Financial Strategies Inc. acquired a new stake in Stellantis in the first quarter valued at $83,000. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Stellantis Company Profile

Stellantis N.V. is a global automotive company that designs, engineers, manufactures and sells passenger cars, light commercial vehicles and related mobility products and services. Its portfolio includes brands such as Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot and Ram.

The company serves customers across North America, Europe, South America, the Middle East and Africa, and other international markets. Its operations include vehicle manufacturing and distribution, financing and leasing, aftermarket parts and services, and the development of connected, electric and software-enabled vehicle technologies.

Stellantis was created in 2021 through the merger of Fiat Chrysler Automobiles and France’s Groupe PSA.