Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) currently has a daily average trading volume of 20.84M but it saw 34010332 shares traded in last market. With a market cap of 22.20B USD, the company’s current market price of $7.23 came rising about 6.79 while comparing to the previous closing price of $6.77. 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 $6.6401 while lowest mark touched by it was $7.285.
Taking a look at 20-day trading activity of Telefonaktiebolaget L M Ericsson ADR (ERIC) gives us an average price of $7.81, while its current price level is -18.76% below from 52-week high level whereas it is 51.57% 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 $7.90 while that of 200 days or SMA-200 reads an average of $7.67. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.58% during that period while stretching the period over a month that decreases to 3.00%. 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 37.52 which implies that the stock is in neutral territory.
Over the week, ERIC’s stock price is moving -7.19% down while it is -12.26% when we observe its performance for the past one month. Year-to-date it is -10.30% down and over the past year, the stock is showing an upside performance of 40.39%.
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 $60.1B as analysts are expecting the sales for current fiscal year at $254.2B and seeing the company making $260.19B in sales next year. Moreover, analysts are in estimates of $55.33B 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 2008.33 while having a 13.00 of forward P/E ratio. Stock’s beta reads 1.01. Stock has a price to book (P/B) ratio of 2.82 while price to sale or P/S ratio amounts to 0.95. Its return on asset (ROA) is 0.05% on average.
