Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC) kicked off on Friday, down -0.71% from the previous trading day, before settling in for the closing price of $8.50. Over the past 52 weeks, ERIC has traded in a range of $4.33-$8.62.
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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%. While this was happening, its average annual earnings per share was recorded 109.05%. 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. In terms of profitability, gross margin is 43.27%, operating margin of 6.59%, and the pretax margin is -0.04%.
Telefonaktiebolaget L M Ericsson ADR (ERIC) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Communication Equipment Industry. The insider ownership of Telefonaktiebolaget L M Ericsson ADR is 0.16%, while institutional ownership is 9.83%.
Telefonaktiebolaget L M Ericsson ADR (ERIC) Latest Financial update
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 0.16 earnings per share (EPS), higher than consensus estimate (set at 0.16) by 0. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.09 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 109.05% 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
Take a look at Telefonaktiebolaget L M Ericsson ADR’s (ERIC) current performance indicators. Last quarter, stock had a quick ratio of 0.95. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.11. Likewise, its price to free cash flow for the trailing twelve months is 6.73.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.03, a number that is poised to hit 0.29 in the next quarter and is forecasted to reach 0.58 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 16.35 million was inferior to 16.64 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 78.20%. Additionally, its Average True Range was 0.16.
During the past 100 days, Telefonaktiebolaget L M Ericsson ADR’s (ERIC) raw stochastic average was set at 93.71%, which indicates a significant increase from 85.13% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 53.26% in the past 14 days, which was higher than the 30.04% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.61, while its 200-day Moving Average is $6.26. Now, the first resistance to watch is $8.51. This is followed by the second major resistance level at $8.57. The third major resistance level sits at $8.61. If the price goes on to break the first support level at $8.41, it is likely to go to the next support level at $8.37. The third support level lies at $8.31 if the price breaches the second support level.
Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC) Key Stats
The company with the Market Capitalisation of 25.92 billion has total of 3,332,672K Shares Outstanding. Its annual sales at the moment are 24,834 M in contrast with the sum of -2,494 M annual income. Company’s last quarter sales were recorded 5,932 M and last quarter income was 366,140 K.
