Telefonaktiebolaget LM Ericsson [publ] [ERIC] Revenue clocked in at $24.53 billion, down -21.90% YTD: What’s Next?

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Telefonaktiebolaget LM Ericsson (publ) [NASDAQ: ERIC] plunged by -$0.87 during the normal trading session on Thursday and reaching a high of $8.99 during the day while it closed the day at $8.49. The company report on April 17, 2022 that Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Ericsson To Contact Him Directly To Discuss Their Options.


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Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Telefonaktiebolaget LM Ericsson (“Ericsson” or the “Company”) (NASDAQ:ERIC) and reminds investors of the May 2, 2022 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you suffered losses exceeding $100,000 investing in Ericsson stock or options between April 27, 2017 and February 25, 2022 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: www.faruqilaw.com/ERIC.

Telefonaktiebolaget LM Ericsson (publ) stock has also loss -11.47% of its value over the past 7 days. However, ERIC stock has declined by -25.26% in the 3 months of the year. Over the past six months meanwhile, it has lost -29.83% and lost -21.90% year-on date.

The market cap for ERIC stock reached $31.15 billion, with 3.33 billion shares outstanding and 2.93 billion shares in the current float. Compared to the average trading volume of 12.29M shares, ERIC reached a trading volume of 13944648 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Telefonaktiebolaget LM Ericsson [publ] [ERIC]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ERIC shares is $13.88 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ERIC stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Jefferies have made an estimate for Telefonaktiebolaget LM Ericsson (publ) shares, keeping their opinion on the stock as Hold, with their previous recommendation back on March 17, 2022. The new note on the price target was released on March 09, 2022, representing the official price target for Telefonaktiebolaget LM Ericsson (publ) stock.

The Average True Range (ATR) for Telefonaktiebolaget LM Ericsson (publ) is set at 0.29, with the Price to Sales ratio for ERIC stock in the period of the last 12 months amounting to 1.27. The Price to Book ratio for the last quarter was 2.40, with the Price to Cash per share for the same quarter was set at 2.57. Price to Free Cash Flow for ERIC in the course of the last twelve months was 11.60 with Quick ratio for the last quarter at 1.20.

ERIC stock trade performance evaluation

Telefonaktiebolaget LM Ericsson (publ) [ERIC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.47. With this latest performance, ERIC shares dropped by -4.50% in over the last four-week period, additionally sinking by -29.83% over the last 6 months – not to mention a drop of -39.57% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ERIC stock in for the last two-week period is set at 33.93, with the RSI for the last a single of trading hit 27.75, and the three-weeks RSI is set at 36.75 for Telefonaktiebolaget LM Ericsson (publ) [ERIC]. The present Moving Average for the last 50 days of trading for this stock 9.76, while it was recorded at 9.23 for the last single week of trading, and 10.98 for the last 200 days.

Telefonaktiebolaget LM Ericsson [publ] [ERIC]: An insightful look at the core fundamentals

Telefonaktiebolaget LM Ericsson (publ)’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.50.

Earnings per share (EPS) analysis for Telefonaktiebolaget LM Ericsson (publ) [ERIC] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ERIC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Telefonaktiebolaget LM Ericsson (publ) go to 13.08%.

Telefonaktiebolaget LM Ericsson [publ] [ERIC]: Insider Ownership positions

There are presently around $2,171 million, or 9.00% of ERIC stock, in the hands of institutional investors. The top three institutional holders of ERIC stocks are: PRIMECAP MANAGEMENT CO/CA/ with ownership of 101,196,127, which is approximately -4.149% of the company’s market cap and around 0.90% of the total institutional ownership; HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC, holding 27,676,315 shares of the stock with an approximate value of $234.97 million in ERIC stocks shares; and AMERIPRISE FINANCIAL INC, currently with $100.14 million in ERIC stock with ownership of nearly 3.97% of the company’s market capitalization.

157 institutional holders increased their position in Telefonaktiebolaget LM Ericsson (publ) [NASDAQ:ERIC] by around 33,800,887 shares. Additionally, 173 investors decreased positions by around 70,707,077 shares, while 82 investors held positions by with 151,210,788 shares. The mentioned changes placed institutional holdings at 255,718,752 shares, according to the latest SEC report filing. ERIC stock had 51 new institutional investments in for a total of 7,409,597 shares, while 55 institutional investors sold positions of 38,851,508 shares during the same period.

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