Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) shares, rose in value, with the stock price down by -0.13% to the previous day’s close as strong demand from buyers drove the stock to $7.82.
Actively observing the price movement in the recent trading, the stock is buoying the session at $7.83, falling within a range of $7.772 and $7.86. The value of beta (5-year monthly) is 0.315 whereas the PE ratio is 2172.22 over 12-month period. Referring to stock’s 52-week performance, its high was $8.90, and the low was $4.77. On the whole, ERIC has fluctuated by -4.87% over the past month.
With the market capitalization of Telefonaktiebolaget L M Ericsson ADR currently standing at about $24.01 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 0.26, with its dividend yield at 3.30%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 256.14B, with a low estimate of 53.99B and a high estimate of 57.77B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 55.81B.
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 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of ERIC currently trading nearly -0.99% and -3.18% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.01, while the 7-day volatility ratio is showing 1.35% which for the 30-day chart, stands at 1.87%. Furthermore, Telefonaktiebolaget L M Ericsson ADR (ERIC)’s beta value is 0.84, and its average true range (ATR) is 0.18.
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 -0.13% in today’s session so far, and over the past year, it grew by 42.96%%.
Data on historical trading for Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) indicates that the trading volumes over the past 10 days have averaged 16.46 and over the past 3 months, they’ve averaged 17.06 million. According to company’s latest data on outstanding shares, there are 3.07 billion shares outstanding.
Nearly 0.16% of Telefonaktiebolaget L M Ericsson ADR’s shares belong to company insiders and institutional investors own 11.67% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 32.9 million shares as on 2024-12-31, resulting in a short ratio of 2.3. According to the data, the short interest in Telefonaktiebolaget L M Ericsson ADR (ERIC) stood at 107.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 31.5 million. The stock has fallen by -2.98% 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.
