Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) currently has a daily average trading volume of 17.37M but it saw 33171941 shares traded in last market. With a market cap of 24.63B USD, the company’s current market price of $8.02 came falling about -2.67 while comparing to the previous closing price of $8.24. In past 52 weeks, the stock remained buoying in the range of price level as high as $8.90 and as low as $4.77. In the recent trading on the day, stock has struck highest price mark of $7.93 while lowest mark touched by it was $8.245.
Taking a look at 20-day trading activity of Telefonaktiebolaget L M Ericsson ADR (ERIC) gives us an average price of $8.16, while its current price level is -9.89% below from 52-week high level whereas it is 68.13% 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 $8.07 while that of 200 days or SMA-200 reads an average of $7.49. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.03% during that period while stretching the period over a month that decreases to 2.10%. 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 46.52 which implies that the stock is in neutral territory.
Over the week, ERIC’s stock price is moving -7.07% down while it is 4.84% when we observe its performance for the past one month. Year-to-date it is -0.50% down and over the past year, the stock is showing an upside performance of 44.24%.
The company is expected to be releasing its next quarterly report on 2025-Jan-23, for which analysts forecasted an EPS of 0.09 while estimate for next year EPS is 0.5. In next quarter, company is expected to be making quarterly sales of $61.21B as analysts are expecting the sales for current fiscal year at $256.18B and seeing the company making $263.13B in sales next year. Moreover, analysts are in estimates of $55.83B 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 13.29% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 0.12% and return on equity (ROE) at 0.15%. It has a price to earnings ratio (P/E ratio) of 2227.78 while having a 14.53 of forward P/E ratio. Stock’s beta reads 0.91. Stock has a price to book (P/B) ratio of 3.13 while price to sale or P/S ratio amounts to 1.05. Its return on asset (ROA) is 0.05% on average.
