Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC) on Monday, soared 1.13% from the previous trading day, before settling in for the closing price of $7.97. Within the past 52 weeks, ERIC’s price has moved between $4.77 and $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%. The company achieved an average annual earnings per share of 109.25%. 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
Observing investor behavior towards Communication Equipment industry stocks is more important than anything else. The insider ownership of Telefonaktiebolaget L M Ericsson ADR is 0.16%, while institutional ownership is 10.13%.
Telefonaktiebolaget L M Ericsson ADR (ERIC) Latest Financial update
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.14 earnings per share (EPS) for the period falling under the consensus outlook (set at 0.2) by -0.06. 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 109.25% 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
Telefonaktiebolaget L M Ericsson ADR (ERIC) is currently performing well based on its current performance indicators. A quick ratio of 0.95 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.06. Likewise, its price to free cash flow for the trailing twelve months is 6.42.
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 17.48 million was superior to 16.7 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 17.36%. Additionally, its Average True Range was 0.14.
During the past 100 days, Telefonaktiebolaget L M Ericsson ADR’s (ERIC) raw stochastic average was set at 77.69%, which indicates a significant increase from 20.63% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.02% in the past 14 days, which was lower than the 29.40% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.91, while its 200-day Moving Average is $6.45. Now, the first resistance to watch is $8.11. This is followed by the second major resistance level at $8.17. The third major resistance level sits at $8.24. If the price goes on to break the first support level at $7.98, it is likely to go to the next support level at $7.91. The third support level lies at $7.85 if the price breaches the second support level.
Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC) Key Stats
Market capitalization of the company is 24.75 billion based on 3,332,672K outstanding shares. Right now, sales total 24,834 M and income totals -2,494 M. The company made 5,932 M in profit during its latest quarter, and 366,140 K in sales during its previous quarter.
