Telefonaktiebolaget L M Ericsson ADR [NASDAQ: ERIC] closed the trading session at $6.11.
The stocks have a year to date performance of -3.02 percent and weekly performance of 5.16 percent. The stock has been moved at 0.66 percent over the last six months. The stock has performed 2.69 percent around the most recent 30 days and changed 12.52 percent over the most recent 3-months.
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If compared to the average trading volume of 15.97M shares, ERIC reached to a volume of 15070887 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 L M Ericsson ADR [ERIC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ERIC shares is $5.90 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 2.79. 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.
UBS have made an estimate for Telefonaktiebolaget L M Ericsson ADR shares, keeping their opinion on the stock as Sell, with their previous recommendation back on January 31, 2024. The new note on the price target was released on January 19, 2024, representing the official price target for Telefonaktiebolaget L M Ericsson ADR stock. On November 30, 2023, analysts decreased their price target for ERIC shares from 7.80 to 5.90.
The Average True Range (ATR) for Telefonaktiebolaget L M Ericsson ADR is set at 0.13, with the Price to Sales ratio for ERIC stock in the period of the last 12 months amounting to 0.78. The Price to Book ratio for the last quarter was 1.99, with the Price to Cash per share for the same quarter was set at 1.24. Price to Free Cash Flow for ERIC in the course of the last twelve months was 12.86 with Quick ratio for the last quarter at 0.94.
ERIC stock trade performance evaluation
Telefonaktiebolaget L M Ericsson ADR [ERIC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.16. With this latest performance, ERIC shares gained by 2.69% in over the last four-week period, additionally plugging by 0.66% over the last 6 months – not to mention a rise of 20.51% 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 59.96, with the RSI for the last a single of trading hit 60.62, and the three-weeks RSI is set at 59.62 for Telefonaktiebolaget L M Ericsson ADR [ERIC]. The present Moving Average for the last 50 days of trading for this stock 5.61, while it was recorded at 5.96 for the last single week of trading, and 5.38 for the last 200 days.
Telefonaktiebolaget L M Ericsson ADR [ERIC]: An insightful look at the core fundamentals
Telefonaktiebolaget L M Ericsson ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.94 and a Current Ratio set at 1.22.
Earnings per share (EPS) analysis for Telefonaktiebolaget L M Ericsson ADR [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 L M Ericsson ADR go to 1.50%.
Telefonaktiebolaget L M Ericsson ADR [ERIC]: Institutional Ownership
The top three institutional holders of ERIC stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in ERIC stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in ERIC stock with ownership which is approximately 5.8386%.