On November 20, 2023, Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC) opened at $4.97, higher 2.44% from the last session. During the day, the shares moved up to $5.05 and dropped to $4.955 before settling in for the closing price of $4.92. Price fluctuations for ERIC have ranged from $4.33 to $6.82 over the past 52 weeks.
Technology Sector giant saw their annual sales surged by 2.27% over the last five years. Company’s average yearly earnings per share was noted -229.90% at the time writing. With a float of $3.07 billion, this company’s outstanding shares have now reached $3.07 billion.
The firm has a total of 105529 workers. Let’s measure their productivity. In terms of profitability, gross margin is +41.79, operating margin of +11.29, and the pretax margin is +9.06.
Telefonaktiebolaget L M Ericsson ADR (ERIC) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Communication Equipment industry is another important factor to consider. The insider ownership of Telefonaktiebolaget L M Ericsson ADR is 0.00%, while institutional ownership is 8.92%.
Telefonaktiebolaget L M Ericsson ADR (ERIC) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 9/29/2023, the company posted $0.08 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $0.07) by $0.01. This company achieved a net margin of +6.90 while generating a return on equity of 15.37. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.05 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -229.90% per share during the next fiscal year.
Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC) Trading Performance Indicators
Check out the current performance indicators for Telefonaktiebolaget L M Ericsson ADR (ERIC). In the past quarter, the stock posted a quick ratio of 0.79. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.59. Likewise, its price to free cash flow for the trailing twelve months is 17.92.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.66, a number that is poised to hit 0.10 in the next quarter and is forecasted to reach 0.44 in one year’s time.
Technical Analysis of Telefonaktiebolaget L M Ericsson ADR (ERIC)
Analysing the last 5-days average volume posted by the [Telefonaktiebolaget L M Ericsson ADR, ERIC], we can find that recorded value of 7.41 million was lower than the volume posted last year of 9.49 million. As of the previous 9 days, the stock’s Stochastic %D was 91.47%. Additionally, its Average True Range was 0.11.
During the past 100 days, Telefonaktiebolaget L M Ericsson ADR’s (ERIC) raw stochastic average was set at 50.00%, which indicates a significant decrease from 98.50% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.71% in the past 14 days, which was lower than the 32.12% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.75, while its 200-day Moving Average is $5.19. Now, the first resistance to watch is $5.08. This is followed by the second major resistance level at $5.11. The third major resistance level sits at $5.17. If the price goes on to break the first support level at $4.98, it is likely to go to the next support level at $4.92. Now, if the price goes above the second support level, the third support stands at $4.88.
Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC) Key Stats
There are currently 3,344,152K shares outstanding in the company with a market cap of 15.46 billion. Presently, the company’s annual sales total 26,910 M according to its annual income of 1,856 M. Last quarter, the company’s sales amounted to 5,964 M and its income totaled -2,837 M.