Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) currently has a daily average trading volume of 16.85M but it saw 19465556 shares traded in last market. With a market cap of 15.43B USD, the company’s current market price of $5.03 came falling about -1.18 while comparing to the previous closing price of $5.09. In past 52 weeks, the stock remained buoying in the range of price level as high as $6.36 and as low as $4.33.
Taking a look at 20-day trading activity of Telefonaktiebolaget L M Ericsson ADR (ERIC) gives us an average price of $5.38, while its current price level is -20.91% below from 52-week high level whereas it is 16.17% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $5.42 while that of 200 days or SMA-200 reads an average of $5.26. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.67% during that period while stretching the period over a month that increases to 2.07%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 35.83 which implies that the stock is in neutral territory.
Over the week, ERIC’s stock price is moving -2.90% down while it is -11.60% when we observe its performance for the past one month. Year-to-date it is -20.16% down and over the past year, the stock is showing a downside performance of -13.72%.
The latest quarterly earnings report issued by the company was for quarter ended 12/30/2023, when its quarterly earnings per share (EPS) of $0.16 beat the consensus estimate of $0.16 for the same. For ERIC, analysts are forecasting an EPS-growth rate of 4.70% for current year and estimate for EPS growth in next year is 24.40%. In next quarter, company is expected to be making quarterly sales of $5.79 billion as analysts are expecting the sales for current fiscal year at $24.61 billion and seeing the company making $24.92 billion in sales next year. Moreover, analysts are in estimates of $5.34 billion for current-quarter revenue.
Currently, Telefonaktiebolaget L M Ericsson ADR’s total number of outstanding shares is 3.07B with 0.00% of that held by the insiders while 9.06% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -18.46% and return on equity (ROE) at -21.46%. It has a 9.41 of forward P/E ratio. Stock’s beta reads 0.76. Stock has a price to book (P/B) ratio of 1.71 while price to sale or P/S ratio amounts to 0.62. Its return on asset (ROA) is -7.52% on average.
