Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) price closed lower on Friday, April 12, dropping -2.78% below its previous close.
A look at the daily price movement shows that the last close reads $5.03. The company’s 5Y monthly beta was ticking 0.36. Taking into account the 52-week price action we note that the stock hit a 52-week high of $6.36 and 52-week low of $4.33. The stock subtracted -14.06% on its value in the past month.
Telefonaktiebolaget L M Ericsson ADR, which has a market valuation of $15.00 billion. The company stock has a Forward Dividend ratio of 0.25, while the dividend yield is 5.15%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give ERIC a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a Hold, while an average of long term indicators are currently assigning the stock as 50% Sell.
The overview shows that ERIC’s price is at present -9.08% off the SMA20 and -9.79% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 32.00, with weekly volatility standing at 1.67%. The indicator jumps to 2.10% when calculated based on the past 30 days. Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC)’s beta value is holding at 0.76, while the average true range (ATR) indicator is currently reading 0.14. An analysis of the Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) stock in terms of its daily trading volume indicates that the 3-month average is 16.86 million.
Current records show that the company has 3.07B in outstanding shares. The insiders’ percentage holdings are 0.00% of outstanding shares while the percentage share held by institutions stands at 8.74%. But the -22.38% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
