Stellantis N.V.’s (BIT:STLAM) Price Is Right But Growth Is Lacking After Shares Rocket 27%
Stellantis N.V. (BIT:STLAM) shareholders are no doubt pleased to see that the share price has bounced 27% in the last month, although it is still struggling to make up recently lost ground. Still, the 30-day jump doesn’t change the fact that longer term shareholders have seen their stock decimated by the 55% share price drop in the last twelve months.
Even after such a large jump in price, Stellantis may still be sending very bullish signals at the moment with its price-to-earnings (or “P/E”) ratio of 5.1x, since almost half of all companies in Italy have P/E ratios greater than 16x and even P/E’s higher than 27x are not unusual. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s…
