On Friday, Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC) opened higher 0.34% from the last session, before settling in for the closing price of $5.94. Price fluctuations for ERIC have ranged from $4.33 to $6.36 over the past 52 weeks.
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During the last 5-year period, the sales growth of Technology Sector giant was 0.61%. Company’s average yearly earnings per share was noted 151.60% at the time writing. With a float of $3.07 billion, this company’s outstanding shares have now reached $3.07 billion.
Let’s determine the extent of company efficiency that accounts for 99952 employees.
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 9.81%.
Telefonaktiebolaget L M Ericsson ADR (ERIC) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 3/31/2024, the company posted 0.07 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.04) by 0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.08 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 151.60% 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 0.76. Likewise, its price to free cash flow for the trailing twelve months is 12.55.
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)
Looking closely at Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC), its last 5-days average volume was 10.33 million, which is a drop from its year-to-date volume of 16.5 million. As of the previous 9 days, the stock’s Stochastic %D was 36.07%. Additionally, its Average True Range was 0.12.
During the past 100 days, Telefonaktiebolaget L M Ericsson ADR’s (ERIC) raw stochastic average was set at 75.80%, which indicates a significant increase from 34.48% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.81% in the past 14 days, which was lower than the 29.94% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.59, while its 200-day Moving Average is $5.38. However, in the short run, Telefonaktiebolaget L M Ericsson ADR’s stock first resistance to watch stands at $6.00. Second resistance stands at $6.04. The third major resistance level sits at $6.12. If the price goes on to break the first support level at $5.88, it is likely to go to the next support level at $5.80. Now, if the price goes above the second support level, the third support stands at $5.76.
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 18.30 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 5,125 M and its income totaled 245,920 K.
