Stellantis N.V (NYSE: STLA): Stock Forecast For 2024 Remains Weak With A Downward Revision Of 35.3%

In today’s recent session, 1.98 million shares of the Stellantis N.V (NYSE:STLA) have been traded, and its beta is 1.60. Most recently the company’s share price was $13.86, and it changed around -$0.03 or -0.18% from the last close, which brings the market valuation of the company to $39.98B. STLA at last check was trading at a discount to its 52-week high of $29.51, offering almost -112.91% off that amount. The share price’s 52-week low was $12.12, which indicates that the recent value has risen by an impressive 12.55% since then. We note from Stellantis N.V’s average daily trading volume that its 10-day average is 12.17 million shares, with the 3-month average coming to 9.56 million.

Stellantis N.V stock received a consensus recommendation rating of Hold, based on a mean score of 2.37. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 3 recommended STLA as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Stellantis N.V is expected to report earnings per share of 0 for the current quarter.

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Stellantis N.V (NYSE:STLA) trade information

Instantly STLA has been showing red trend so far today with a performance of -0.18% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 14.08 on recent trading dayincreased the stock’s daily price by 1.56%. The company’s shares are currently down -40.54% year-to-date, but still up 8.92% over the last five days. On the other hand, Stellantis N.V (NYSE:STLA) is 2.02% up in the 30-day period. We can see from the shorts that 15.66 million shares have been sold at a short interest cover period of 1.9 day(s).

The consensus price target as assigned by Wall Street analysts is $13, which translates to bulls needing to decrease their stock price by -6.62% from its current value. Analyst projections state that STLA is forecast to be at a low of $12.1 and a high of $16.44.

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 -36.19 percent over the past six months and at a -62.21% annual growth rate that is well below the industry average of -10.40%. The year-over-year growth rate is expected to be -16.89%, down from the previous year.

Consensus estimates provided by 7 financial analysts predict the company will bring in an average of 33.2B in revenue for the current quarter. 3 analysts expect Stellantis N.V to make 38.99B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 45.14B and 46.04B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -26.44%. Forecasts for the next quarter put sales growth at -15.32%.

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 January. The annual dividend yield of the stock is 11.91 percent and its annual dividend per share was 1.65. It is important to note, however, that the 11.91% 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.