Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC) kicked off on Monday, down -0.47% from the previous trading day, before settling in for the closing price of $8.53. Over the past 52 weeks, ERIC has traded in a range of $5.76-$8.99.
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A company in the Technology sector has dropped its sales by -0.48% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 61822.46%. With a float of $3.07 billion, this company’s outstanding shares have now reached $3.07 billion.
In an organization with 94236 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 45.56%, operating margin of 8.83%, and the pretax margin is 1.93%.
Telefonaktiebolaget L M Ericsson ADR (ERIC) Insider Updates
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 0.15%, while institutional ownership is 13.00%.
Telefonaktiebolaget L M Ericsson ADR (ERIC) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.12 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 61822.46% per share during the next fiscal year.
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 0.88. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.11. Likewise, its price to free cash flow for the trailing twelve months is 6.39.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.05, a number that is poised to hit 0.11 in the next quarter and is forecasted to reach 0.60 in one year’s time.
Technical Analysis of Telefonaktiebolaget L M Ericsson ADR (ERIC)
Let’s dig in a bit further. During the last 5-days, its volume was 18.05 million. That was inferior than the volume of 23.14 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 42.83%. 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 78.56%, which indicates a significant increase from 20.47% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.71% in the past 14 days, which was lower than the 40.58% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.15, while its 200-day Moving Average is $8.03. However, in the short run, Telefonaktiebolaget L M Ericsson ADR’s stock first resistance to watch stands at $8.52. Second resistance stands at $8.56. The third major resistance level sits at $8.58. If the price goes on to break the first support level at $8.47, it is likely to go to the next support level at $8.45. Assuming the price breaks the second support level, the third support level stands at $8.41.
Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC) Key Stats
The company with the Market Capitalisation of 26.07 billion has total of 3,332,672K Shares Outstanding. Its annual sales at the moment are 23,449 M in contrast with the sum of 1,890 K annual income. Company’s last quarter sales were recorded 5,161 M and last quarter income was 389,180 K.
