Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) shares, rose in value on Wednesday, June 18, with the stock price up by 0.60% to the previous day’s close as strong demand from buyers drove the stock to $8.33.
Actively observing the price movement in the last trading, the stock closed the session at $8.28, falling within a range of $8.31 and $8.397. The value of beta (5-year monthly) was 0.437 whereas the PE ratio was 180.30 over 12-month period. Referring to stock’s 52-week performance, its high was $8.99, and the low was $5.84. On the whole, ERIC has fluctuated by -2.91% over the past month.
With the market capitalization of Telefonaktiebolaget L M Ericsson ADR currently standing at about $25.58 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Apr-15. The company’s Forward Dividend Ratio is 0.27, with its dividend yield at 3.27%.
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% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of ERIC currently trading nearly -2.27% and 0.58% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.10, while the 7-day volatility ratio is showing 1.52% which for the 30-day chart, stands at 0.93%. Furthermore, Telefonaktiebolaget L M Ericsson ADR (ERIC)’s beta value is 0.97, and its average true range (ATR) is 0.14.
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 0.60% in last session, and over the past year, it grew by 43.37%%.
Data on historical trading for Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) indicates that the trading volumes over the past 10 days have averaged 15.27 and over the past 3 months, they’ve averaged 25.56 million. According to company’s latest data on outstanding shares, there are 3.07 billion shares outstanding.
Nearly 0.15% of Telefonaktiebolaget L M Ericsson ADR’s shares belong to company insiders and institutional investors own 13.00% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 46.05 million shares as on 2025-05-30, resulting in a short ratio of 1.82. According to the data, the short interest in Telefonaktiebolaget L M Ericsson ADR (ERIC) stood at 150.00 of shares outstanding as of 2025-05-30; the number of short shares registered in 2025-04-30 reached 39.39 million. The stock has risen by 3.35% 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.
