Stellantis N.V (STLA) Looks Set To Grow At A Great Clip In 2024

Stellantis N.V (NYSE:STLA) has a beta value of 1.59 and has seen 1.4 million shares traded in the recent trading session. The company, currently valued at $36.60B, closed the recent trade at $12.69 per share which meant it gained $0.08 on the day or 0.67% during that session. The STLA stock price is -132.55% off its 52-week high price of $29.51 and 0.95% above the 52-week low of $12.57. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.67 million shares traded. The 3-month trading volume is 8.84 million shares.

The consensus among analysts is that Stellantis N.V (STLA) is Buy stock at the moment, with a recommendation rating of 2.27. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 3 out of 11 have rated it as a Hold, with 7 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.

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Stellantis N.V (NYSE:STLA) trade information

Sporting 0.67% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the STLA stock price touched $12.69 or saw a rise of 6.35%. Year-to-date, Stellantis N.V shares have moved -45.56%, while the 5-day performance has seen it change -1.21%. Over the past 30 days, the shares of Stellantis N.V (NYSE:STLA) have changed -4.84%. Short interest in the company has seen 19.16 million shares shorted with days to cover at 2.53.

Wall Street analysts have a consensus price target for the stock at $18.92, which means that the shares’ value could jump 32.93% from the levels at last check today. The projected low price target is $13.0 while the price target rests at a high of $38.0. In that case, then, we find that the latest price level in today’s session is -199.45% off the targeted high while a plunge would see the stock gain -2.44% from the levels at last check today.

Stellantis N.V (STLA) estimates and forecasts

Figures show that Stellantis N.V shares have underperformed across the wider relevant industry. The company’s shares have lost -42.94% over the past 6 months, with this year growth rate of -61.90%, compared to -10.40% for the industry. Revenue growth from the last financial year stood is estimated to be -17.10%.

7 analysts offering their estimates for the company have set an average revenue estimate of 33.2B for the current quarter. 2 have an estimated revenue figure of 39.36B for the next ending quarter. Year-ago sales stood 45.14B and 46.04B respectively for this quarter and the next, and analysts expect sales will shrink by -26.44% for the current quarter and -17.10% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 18.67% over the past 5 years.

STLA Dividends

Stellantis N.V is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.65 at a share yield of 13.01%. The company’s dividend yield has gone up over the past 12 months.

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

The top two institutional holders are BPIFRANCE SA with over 192.7 million shares worth more than $3.81 billion. As of 2024-06-30, BPIFRANCE SA held 6.2008% of shares outstanding.

The other major institutional holder is AMUNDI, with the holding of over 95.99 million shares as of 2024-06-30. The firm’s total holdings are worth over $1.91 billion and represent 3.0887% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Dodge & Cox International Stock Fund and Vanguard International Stock Index-Total Intl Stock Indx. As of Jun 30, 2024, the former fund manager holds about 0.95% shares in the company for having 30.0 shares of worth $381.45 million while later fund manager owns 28.74 shares of worth $365.47 million as of Jul 31, 2024, which makes it owner of about 0.91% of company’s outstanding stock.