A new trading day began on Friday, with Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC) stock price down -0.49% from the previous day of trading, before settling in for the closing price of $10.14. ERIC’s price has ranged from $6.64 to $10.35 over the past 52 weeks.
During the last 5-year period, the sales drop of Technology Sector giant was -61.52%. Meanwhile, its annual earnings per share averaged 91394.44%. 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 94236 employees.
Telefonaktiebolaget L M Ericsson ADR (ERIC) Insider Activity
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 0.13%, while institutional ownership is 12.63%.
Telefonaktiebolaget L M Ericsson ADR (ERIC) Earnings and Forecasts
In its latest quarterly report, released on 12/31/2024, the company reported earnings of 0.16 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). 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
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 0.94. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.31. Likewise, its price to free cash flow for the trailing twelve months is 9.96.
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)
Looking closely at Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC), its last 5-days average volume was 28.2 million, which is a jump from its year-to-date volume of 19.7 million. As of the previous 9 days, the stock’s Stochastic %D was 78.65%.
During the past 100 days, Telefonaktiebolaget L M Ericsson ADR’s (ERIC) raw stochastic average was set at 92.01%, which indicates a significant increase from 74.63% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.24 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 $8.54, while its 200-day Moving Average is $8.16. However, in the short run, Telefonaktiebolaget L M Ericsson ADR’s stock first resistance to watch stands at $10.16. Second resistance stands at $10.24. The third major resistance level sits at $10.34. If the price goes on to break the first support level at $9.98, it is likely to go to the next support level at $9.88. Should the price break the second support level, the third support level stands at $9.80.
Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC) Key Stats
With a market capitalization of 30.99 billion, the company has a total of 3,348,252K Shares Outstanding. Currently, annual sales are 23,449 M while annual income is 1,890 K. The company’s previous quarter sales were 5,911 M while its latest quarter income was 1,172 M.
