The trading price of Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) closed higher on Friday, April 19, closing at $5.10, 0.79% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $6.36 and a 52-week low of $4.33. Over the past month, the stock has lost -8.27% in value.
Telefonaktiebolaget L M Ericsson ADR, whose market valuation is $15.66 billion at the time of this writing. The dividend yield on the company stock is 4.90%, while its Forward Dividend ratio is 0.25. Investors’ optimism about the company’s current quarter earnings report is understandable.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Telefonaktiebolaget L M Ericsson ADR No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest ERIC has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a Hold, while an average of long term indicators suggests that the stock is currently 50% Sell.
A quick review shows that ERIC’s price is currently -2.26% off the SMA20 and -5.01% off the SMA50. The RSI metric on the 14-day chart is currently showing 45.05, and weekly volatility stands at 3.77%. When measured over the past 30 days, the indicator reaches 2.49%. Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC)’s beta value is currently sitting at 0.77, while the Average True Range indicator is currently displaying 0.15.
To see how Telefonaktiebolaget L M Ericsson ADR stock has been performing in comparison to its peers in the industry, here are the numbers: ERIC stock’s performance was 0.79% in the latest trading, and -5.73% in the past year.
An evaluation of the daily trading volume of Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) indicates that the 3-month average is 18.34 million.
Currently, records show that 3.07 billion of the company’s shares remain outstanding. The insiders hold 0.00% of outstanding shares, whereas institutions hold 8.73%. However, since the stock’s price has seen -19.05% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
