Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC) kicked off on Monday, down -0.73% from the previous trading day, before settling in for the closing price of $8.23. Over the past 52 weeks, ERIC has traded in a range of $4.54-$8.62.
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During the last 5-year period, the sales growth of Technology Sector giant was 0.61%. While this was happening, its average annual earnings per share was recorded 109.28%. 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. 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) Breakdown of a Key Holders of the stock
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 9.88%.
Telefonaktiebolaget L M Ericsson ADR (ERIC) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around 109.28% 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 1.07. Likewise, its price to free cash flow for the trailing twelve months is 6.51.
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)
Looking closely at Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC), its last 5-days average volume was 16.87 million, which is a jump from its year-to-date volume of 16.68 million. As of the previous 9 days, the stock’s Stochastic %D was 23.81%. 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 83.82%, which indicates a significant increase from 14.85% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.65% in the past 14 days, which was lower than the 29.58% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.84, while its 200-day Moving Average is $6.39. However, in the short run, Telefonaktiebolaget L M Ericsson ADR’s stock first resistance to watch stands at $8.21. Second resistance stands at $8.25. The third major resistance level sits at $8.31. If the price goes on to break the first support level at $8.12, it is likely to go to the next support level at $8.06. Now, if the price goes above the second support level, the third support stands at $8.02.
Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC) Key Stats
The company with the Market Capitalisation of 25.09 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.
