Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) traded at $5.13 at last check on Monday, April 29, made a downward move of -0.96% on its previous day’s price.
Looking at the stock we see that its previous close was $5.18. In terms of its 52-week price range, ERIC has a high of $6.36 and a low of $4.33. The company’s stock has lost about -6.89% over that past 30 days.
Telefonaktiebolaget L M Ericsson ADR has a market cap of $15.75 billion. With its Forward Dividend at 0.25 and a yield of 4.87%, the company’s investors could be anxious for the ERIC stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.05, with the EPS growth for the year raised at $0.41 for 2024 and $0.47 for next year. These figures represent -4.70% and 14.60% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $5.33 billion, with a low of $5.29 billion and a high of $5.39 billion. The median projection represents growth adding up to -12.90% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $22.87 billion, or -7.90% down from figures reported last year.
On the other hand, looking at the outlook for the ERIC stock, short term indicators assign the stock an average of 75% Sell, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of 50% Sell.
Looking further, we note the current price level is -0.41% off its SMA20 and -4.16% from its 50-day simple moving average. The RSI (14) is pointing at 45.87 while the volatility over the past week is 2.10% and jumps to 2.58% over the past one month. The beta value is 0.76, while the average true range (ATR) is currently pointing at 0.14.
Coming back to Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC), we note that the average 3-month trading volume was 17.85 million. Current shares outstanding are 3.07 billion.
The insiders hold 0.00% of the company’s shares while institutions hold 8.74%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -18.56% down in year-to-date price movement.
