Is Stellantis N.V (NYSE) Bullish Or Bearish In 2024?

Stellantis N.V (NYSE:STLA) shares, rose in value on Thursday, April 25, with the stock price down by -1.27% to the previous day’s close as strong demand from buyers drove the stock to $24.55.

Actively observing the price movement in the recent trading, the stock is buoying the session at $24.86. The PE ratio was 3.83 over 12-month period. Referring to stock’s 52-week performance, its high was $29.51, and the low was $15.07. On the whole, STLA has fluctuated by -14.48% over the past month.

The company’s Forward Dividend Ratio is 1.65, with its dividend yield at 6.73%.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that STLA’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of STLA currently trading nearly -7.58% and -8.71% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 31.20, while the 7-day volatility ratio is showing 1.35% which for the 30-day chart, stands at 1.62%. Furthermore, Stellantis N.V (STLA)’s beta value is 1.63, and its average true range (ATR) is 0.60.

A comparison of Stellantis N.V (STLA) with its peers suggests the former has fared considerably weaker in the market. STLA showed an intraday change of -1.27% in today’s session so far, and over the past year, it grew by 52.64%%.

Data on historical trading for Stellantis N.V (NYSE:STLA) indicates that the trading volumes over the past 3 months, they’ve averaged 5.69 million. According to company’s latest data on outstanding shares, there are 3.02 billion shares outstanding.

Nearly 29.19% of Stellantis N.V’s shares belong to company insiders and institutional investors own 30.41% of the company’s shares. The stock has risen by 5.25% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the STLA stock heading into the next quarter.

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