A new trading day began on Friday, with Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC) stock price up 0.85% from the previous day of trading, before settling in for the closing price of $8.23. ERIC’s price has ranged from $4.77 to $8.62 over the past 52 weeks.
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Annual sales at Technology sector company grew by 0.61% over the past five years. Meanwhile, its annual earnings per share averaged 109.20%. With a float of $3.07 billion, this company’s outstanding shares have now reached $3.07 billion.
Let’s look at the performance matrix of the company that is accounted 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) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Communication Equipment Industry. The insider ownership of Telefonaktiebolaget L M Ericsson ADR is 0.16%, while institutional ownership is 10.03%.
Telefonaktiebolaget L M Ericsson ADR (ERIC) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 109.20% 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
Here are Telefonaktiebolaget L M Ericsson ADR’s current performance indicators. According to the last quarter’s results, the 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 1.09. Likewise, its price to free cash flow for the trailing twelve months is 6.62.
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 0.57 in one year’s time.
Technical Analysis of Telefonaktiebolaget L M Ericsson ADR (ERIC)
Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC) saw its 5-day average volume 16.24 million, a negative change from its year-to-date volume of 16.85 million. As of the previous 9 days, the stock’s Stochastic %D was 37.27%. 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 85.52%, which indicates a significant increase from 55.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 13.63% in the past 14 days, which was lower than the 27.96% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.17, while its 200-day Moving Average is $6.71. Nevertheless, the first resistance level for the watch stands at $8.34 in the near term. At $8.39, the stock is likely to face the second major resistance level. The third major resistance level sits at $8.43. If the price goes on to break the first support level at $8.25, it is likely to go to the next support level at $8.21. Assuming the price breaks the second support level, the third support level stands at $8.16.
Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC) Key Stats
With a market capitalization of 25.49 billion, the company has a total of 3,332,672K Shares Outstanding. Currently, annual sales are 24,834 M while annual income is -2,494 M. The company’s previous quarter sales were 5,932 M while its latest quarter income was 366,140 K.
