Can Stellantis N.V (STLA) stock recover despite sales dropping?

The price of Stellantis N.V (NYSE:STLA) shares last traded on Wall Street rose 1.51% to $15.42.

STLA stock price is now -20.82% away from the 50-day moving average and -31.50% away from the 200-day moving average. The market capitalization of the company currently stands at $44.46B.

Top 5 Artificial Intelligence Stocks to Buy for 2024

By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it. According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."

Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"

Sponsored

, while ‘Deutsche Bank’ rates the stock as ‘Hold’

In other news, Stellantis N.V., 10% Owner bought 2,982,089 shares of the company’s stock on Aug 08 ’24. The stock was bought for $9,989,998 at an average price of $3.35. Upon completion of the transaction, the 10% Owner now directly owns 59,734,962 shares in the company, valued at $921.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 01 ’24, 10% Owner Stellantis N.V. bought 17,401,153 shares of the business’s stock. A total of $54,999,824 was incurred on buying the stock at an average price of $3.16. This leaves the insider owning 56,752,873 shares of the company worth $875.13 million. A total of 30.85% of the company’s stock is owned by insiders.

During the past 12 months, Stellantis N.V has had a low of $15.19 and a high of $29.51. As of last week, the company has a debt-to-equity ratio of 0.39, a current ratio of 1.14, and a quick ratio of 0.85. The fifty day moving average price for STLA is $19.3388 and a two-hundred day moving average price translates $22.4937 for the stock.

The latest earnings results from Stellantis N.V (NYSE: STLA) was released for 2024-06-30. The net profit margin was 7.55% and return on equity was 16.79% for STLA.

Related Posts