The trading price of Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) floating lower at last check on current market day and closing at $8.31, -0.71% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $8.29 and $8.36. In examining the 52-week price action we see that the stock hit a 52-week high of $8.62 and a 52-week low of $4.77. Over the past month, the stock has gained 0.98% in value.
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Telefonaktiebolaget L M Ericsson ADR, whose market valuation is $25.52 billion at the time of this writing, is expected to release its quarterly earnings report in January. The dividend yield on the company stock is 3.10%, while its Forward Dividend ratio is 0.26. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.23 per share this quarter, however they have predicted annual earnings per share of 0.45 for current year and 0.44 for next year.
Analysts have forecast the company to bring in revenue of 72.5B for the current quarter, with the likely lows of 69.49B and highs of 75.85B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 247.6B.
On the technical side, indicators suggest ERIC has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned ERIC a recommendation rating is 9. Out of them, 7 rate it a Hold, while 2 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Telefonaktiebolaget L M Ericsson ADR (ERIC) as Underweight, while 0 advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that ERIC’s price is currently 1.73% off the SMA20 and 2.30% off the SMA50. The RSI metric on the 14-day chart is currently showing 54.85, and weekly volatility stands at 1.37%. When measured over the past 30 days, the indicator reaches 1.57%. Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC)’s beta value is currently sitting at 0.81, while the Average True Range indicator is currently displaying 0.14. With analysts defining $6.1-$7.78 as the low and high price targets, we arrive at a consensus price target of $6.94 for the trailing 12-month period. The current price is about 26.59% off the estimated low and 6.38% off the forecast high, based on this estimate. Investors will be thrilled if ERIC’s share price rises to $6.9399999999999995, which is the median consensus price. At that level, ERIC’s share price would be 16.49% above current price.
To see how Telefonaktiebolaget L M Ericsson ADR stock has been performing today in comparison to its peers in the industry, here are the numbers: ERIC stock’s performance was -0.71% at last check in today’s session, and 46.84% 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 16.92 million. However, this figure has increased over the past 10 days to an average of 15.6.
Currently, records show that 3.07 billion of the company’s shares remain outstanding. The insiders hold 0.16% of outstanding shares, whereas institutions hold 10.14%. The stats also highlight that short interest as of 2024-11-15, stood at 31.35 million shares, resulting in a short ratio of 1.64 at that time. From this, we can conclude that short interest is 102.00 of the company’s total outstanding shares. It is noteworthy that short shares in November were up slightly from the previous month’s figure, which was 26.7 million. However, since the stock’s price has seen 31.92% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
