Stellantis N.V (STLA) Is A Stock Worth Accumulating At Current Levels

Stellantis N.V (NYSE:STLA) at last check was buoying at $26.86 on Thursday, April 11, with a fall of -0.34% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $26.95 and 5Y monthly beta was reading 1.31. Company’s P/E ratio for the trailing 12 months is 4.19. Considering stock’s 52-week price range provides that STLA hit a high price of $29.51 and saw its price falling to a low level of $15.07 during that period. Over a period of past 1-month, stock came subtracting -4.69% in its value.

With its current market valuation of $77.19 billion. STLA Stock’s Forward Dividend of 1.48 and its yield of 5.50% are making investors’ thoughts stronger that it could climb further before the company announces its earnings for the current quarter.

In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review STLA stock’s current outlook then short term indicators are assigning it an average of 50% Buy, while medium term indicators are categorizing the stock at an average of 100% Buy. Long term indicators are suggesting an average of 100% Buy for it.

Digging deeper we become aware of the PEG ratio of the STLA stock which is currently positioned at 0. It further provides that stock’s current price level is -4.30% away from its 20-day simple moving average and is 1.79% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 44.87 while volatility remained at 1.71% over the past week which changes to 1.49% when measuring it over the past month. Beta is valued at 1.62, while measure of average true range or ATR is currently at 0.53.

Having a second look at Stellantis N.V (NYSE:STLA) provides that stock’s average daily trading volume for 3 months was 5.60 million, while it jumped to 4.93 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 3.02 billion.

The percentage of outstanding shares held by the insiders is 29.19% while it is 29.57% for the institutional holders. The figures also indicate that as of Mar 15, 2024, number of stock’s short shares was 16.87 million which implies a short ratio of 2.89. This shows down a 0.56% of Short Interest in company’s outstanding shares on the day. In March the standing of shares short improved as it was 18.17 million in the previous month. Addition of 15.18% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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