On Monday Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC) opened higher 0.47% from the last session, before settling in for the closing price of $8.44. Price fluctuations for ERIC have ranged from $6.11 to $8.99 over the past 52 weeks.
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Technology Sector giant saw their annual sales slid by -61.52% over the last five years. Company’s average yearly earnings per share was noted 61923.23% at the time writing. With a float of $3.07 billion, this company’s outstanding shares have now reached $3.07 billion.
The firm has a total of 94236 workers. Let’s measure their productivity. 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 Activity
A key investor’s attitude towards the stock of the Communication Equipment industry is another important factor to consider. The insider ownership of Telefonaktiebolaget L M Ericsson ADR is 0.15%, while institutional ownership is 13.00%.
Telefonaktiebolaget L M Ericsson ADR (ERIC) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 61923.23% per share during the next fiscal year.
Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC) Trading Performance Indicators
Check out the current performance indicators for Telefonaktiebolaget L M Ericsson ADR (ERIC). In the past quarter, the stock posted 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 6.38.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.05, a number that is poised to hit 0.10 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)
Analysing the last 5-days average volume posted by the [Telefonaktiebolaget L M Ericsson ADR, ERIC], we can find that recorded value of 17.01 million was lower than the volume posted last year of 22.34 million. As of the previous 9 days, the stock’s Stochastic %D was 80.97%.
During the past 100 days, Telefonaktiebolaget L M Ericsson ADR’s (ERIC) raw stochastic average was set at 78.13%, which indicates a significant decrease from 87.38% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.43% in the past 14 days, which was lower than the 31.16% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.42, while its 200-day Moving Average is $8.10. Now, the first resistance to watch is $8.52. This is followed by the second major resistance level at $8.56. The third major resistance level sits at $8.63. If the price goes on to break the first support level at $8.41, it is likely to go to the next support level at $8.34. Should the price break the second support level, the third support level stands at $8.30.
Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC) Key Stats
There are currently 3,348,252K shares outstanding in the company with a market cap of 26.04 billion. Presently, the company’s annual sales total 23,449 M according to its annual income of 1,890 K. Last quarter, the company’s sales amounted to 5,161 M and its income totaled 389,180 K.
