Metrics That Matter About Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC)

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Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) shares, rose in value, with the stock price down by -1.93% to the previous day’s close as strong demand from buyers drove the stock to $5.08.

Actively observing the price movement in the last trading, the stock closed the session at $5.18. The value of beta (5-year monthly) was 0.37. Referring to stock’s 52-week performance, its high was $6.36, and the low was $4.33. On the whole, ERIC has fluctuated by -8.80% over the past month.

The company’s Forward Dividend Ratio is 0.25, with its dividend yield at 4.95%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.05, which is expected to increase to $0.08 for fiscal year $0.45 and then to about $0.56 by fiscal year 2025. Data indicates that the EPS growth is expected to be 4.70% in 2025, while the next year’s EPS growth is forecast to be 24.40%.

Analysts have estimated the company’s revenue for the quarter at $5.34 billion, with a low estimate of $5.12 billion and a high estimate of $5.67 billion. According to the average forecast, sales growth in current quarter could jump down -10.90%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $24.61 billion, representing a decrease of -0.90% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that ERIC’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a 50% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of ERIC currently trading nearly -7.71% and -7.34% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 34.79, while the 7-day volatility ratio is showing 2.90% which for the 30-day chart, stands at 1.99%. Furthermore, Telefonaktiebolaget L M Ericsson ADR (ERIC)’s beta value is 0.76, and its average true range (ATR) is 0.14.

A comparison of Telefonaktiebolaget L M Ericsson ADR (ERIC) with its peers suggests the former has fared considerably weaker in the market. ERIC showed an intraday change of -1.93% in last session, and over the past year, it shrunk by -12.86%%.

Data on historical trading for Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) indicates that the trading volumes over the past 10 days have averaged 12.92 million and over the past 3 months, they’ve averaged 16.48 million. According to company’s latest data on outstanding shares, there are 3.07 billion shares outstanding.

Nearly 0.00% of Telefonaktiebolaget L M Ericsson ADR’s shares belong to company insiders and institutional investors own 8.74% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 29.9 million shares as on Mar 15, 2024, resulting in a short ratio of 2.09. According to the data, the short interest in Telefonaktiebolaget L M Ericsson ADR (ERIC) stood at 0.96% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 32.66 million. The stock has fallen by -19.37% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ERIC stock heading into the next quarter.

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