Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) shares, rose in value, with the stock price down by -1.49% to the previous day’s close as strong demand from buyers drove the stock to $5.28.
Actively observing the price movement in the last trading, the stock closed the session at $5.36. 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 -1.86% over the past month.
The company’s Forward Dividend Ratio is 0.25, with its dividend yield at 4.73%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ERIC’s technical picture suggests that short-term indicators denote the stock is a 50% Sell 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 Hold.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of ERIC currently trading nearly 1.75% and -1.47% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.95, while the 7-day volatility ratio is showing 2.54% which for the 30-day chart, stands at 2.60%. Furthermore, Telefonaktiebolaget L M Ericsson ADR (ERIC)’s beta value is 0.75, and its average true range (ATR) is 0.16.
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 -1.49% in last session, and over the past year, it shrunk by -0.56%%.
Data on historical trading for Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) indicates that the trading volumes over the past 3 months, they’ve averaged 18.17 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 stock has fallen by -16.19% 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.
