Stellantis N.V (NYSE: STLA) Stock Forecast 2024: Profitable With Bullish Signals

In today’s recent session, 1.17 million shares of the Stellantis N.V (NYSE:STLA) have been traded, and its beta is 1.62. Most recently the company’s share price was $13.32, and it changed around $0.16 or 1.25% from the last close, which brings the market valuation of the company to $38.42B. STLA at last check was trading at a discount to its 52-week high of $29.51, offering almost -121.55% off that amount. The share price’s 52-week low was $12.98, which indicates that the recent value has risen by an impressive 2.55% since then. We note from Stellantis N.V’s average daily trading volume that its 10-day average is 11.21 million shares, with the 3-month average coming to 8.80 million.

Stellantis N.V stock received a consensus recommendation rating of Buy, based on a mean score of 2.21. If we narrow it down even further, the data shows that 1 out of 10 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 3 recommended STLA as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight.

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Stellantis N.V (NYSE:STLA) trade information

Instantly STLA has been showing a green trend so far today with a performance of 1.25% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 13.47 on recent trading dayincreased the stock’s daily price by 1.11%. The company’s shares are currently down -42.86% year-to-date, but still down -2.24% over the last five days. On the other hand, Stellantis N.V (NYSE:STLA) is -11.99% down in the 30-day period. We can see from the shorts that 26.74 million shares have been sold at a short interest cover period of 3.79 day(s).

The consensus price target as assigned by Wall Street analysts is $18.92, which translates to bulls needing to increase their stock price by 29.6% from its current value. Analyst projections state that STLA is forecast to be at a low of $13 and a high of $38.

Stellantis N.V (STLA) estimates and forecasts

Stellantis N.V share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -50.56 percent over the past six months and at a -52.41% annual growth rate that is well below the industry average of -4.30%. Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 18.67%.

STLA Dividends

Stellantis N.V’s next quarterly earnings report is expected to be released in November. The annual dividend yield of the stock is 12.39 percent and its annual dividend per share was 1.65. It is important to note, however, that the 12.39% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.

Stellantis N.V (NYSE:STLA)’s Major holders

AMUNDI, with 3.0887% or 95.99 million shares worth $1.91 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.