On Friday, Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC) opened higher 0.79% from the last session, before settling in for the closing price of $5.06. Price fluctuations for ERIC have ranged from $4.33 to $6.36 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 0.61%. Company’s average yearly earnings per share was noted 150.92% at the time writing. With a float of $3.07 billion, this company’s outstanding shares have now reached $3.07 billion.
The extent of productivity of a business whose workforce counts for 99952 workers is very important to gauge.
Telefonaktiebolaget L M Ericsson ADR (ERIC) Insider Updates
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 8.73%.
Telefonaktiebolaget L M Ericsson ADR (ERIC) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 381.56 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 150.92% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 1.50% during the next five years compared to -26.83% drop over the previous five years of trading.
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 0.94. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.65. Likewise, its price to free cash flow for the trailing twelve months is 10.74.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.70, a number that is poised to hit 0.04 in the next quarter and is forecasted to reach 0.51 in one year’s time.
Technical Analysis of Telefonaktiebolaget L M Ericsson ADR (ERIC)
The latest stats from [Telefonaktiebolaget L M Ericsson ADR, ERIC] show that its last 5-days average volume of 33.44 million was superior to 17.73 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 50.98%. Additionally, its Average True Range was 0.15.
During the past 100 days, Telefonaktiebolaget L M Ericsson ADR’s (ERIC) raw stochastic average was set at 20.75%, which indicates a significant decrease from 43.42% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.54% in the past 14 days, which was higher than the 30.98% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.36, while its 200-day Moving Average is $5.25. Now, the first resistance to watch is $5.15. This is followed by the second major resistance level at $5.20. The third major resistance level sits at $5.27. If the price goes on to break the first support level at $5.04, it is likely to go to the next support level at $4.97. Assuming the price breaks the second support level, the third support level stands at $4.92.
Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC) Key Stats
There are currently 3,330,000K shares outstanding in the company with a market cap of 15.66 billion. Presently, the company’s annual sales total 24,834 M according to its annual income of -2,494 M. Last quarter, the company’s sales amounted to 6,768 M and its income totaled 263,360 K.
