Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC) on Tuesday, soared 3.50% from the previous trading day, before settling in for the closing price of $9.43. Within the past 52 weeks, ERIC’s price has moved between $6.64 and $9.87.
Annual sales at Technology sector company slipped by -61.52% over the past five years. The company achieved an average annual earnings per share of 91394.44%. 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 94236 employees.
Telefonaktiebolaget L M Ericsson ADR (ERIC) Insider Updates
Observing investor behavior towards Communication Equipment industry stocks is more important than anything else. The insider ownership of Telefonaktiebolaget L M Ericsson ADR is 0.13%, while institutional ownership is 12.64%.
Telefonaktiebolaget L M Ericsson ADR (ERIC) Performance Highlights and Predictions
As on 12/31/2024, Multinational firm has announced its last quarter scores, in which it reported 0.16 earnings per share (EPS) for the period falling under the consensus outlook (set at 0.21) by -0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.1 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 91394.44% per share during the next fiscal year.
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 0.94 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 1.27. Likewise, its price to free cash flow for the trailing twelve months is 9.64.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.74, a number that is poised to hit 0.21 in the next quarter and is forecasted to reach 0.62 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 28.02 million, a positive change from its year-to-date volume of 19.66 million. As of the previous 9 days, the stock’s Stochastic %D was 35.77%.
During the past 100 days, Telefonaktiebolaget L M Ericsson ADR’s (ERIC) raw stochastic average was set at 92.05%, which indicates a significant increase from 87.94% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.23 in the past 14 days, which was higher than the 0.13 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.39, while its 200-day Moving Average is $8.13. Nevertheless, the first resistance level for the watch stands at $10.03 in the near term. At $10.30, the stock is likely to face the second major resistance level. The third major resistance level sits at $10.61. If the price goes on to break the first support level at $9.45, it is likely to go to the next support level at $9.13. Assuming the price breaks the second support level, the third support level stands at $8.87.
Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC) Key Stats
Market capitalization of the company is 29.98 billion based on 3,348,252K outstanding shares. Right now, sales total 23,449 M and income totals 1,890 K. The company made 5,911 M in profit during its latest quarter, and 1,172 M in sales during its previous quarter.
