Telefonaktiebolaget L M Ericsson ADR [NASDAQ: ERIC] loss -0.85% or -0.07 points to close at $8.17 with a heavy trading volume of 20593506 shares.
It opened the trading session at $8.23, the shares rose to $8.2459 and dropped to $8.12, the range by which the price of stock traded the whole day. The daily chart for ERIC points out that the company has recorded 12.07% gains over the past six months.
If we look at the average trading volume of 13.39M shares, ERIC reached to a volume of 20593506 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $8.41 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 2.93. 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 Price to Book ratio for the last quarter was 2.99, with the Price to Cash per share for the same quarter was set at 1.38. Price to Free Cash Flow for ERIC in the course of the last twelve months was 6.88 with Quick ratio for the last quarter at 0.86.
Trading performance analysis for ERIC stock
Telefonaktiebolaget L M Ericsson ADR [ERIC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.97. With this latest performance, ERIC shares gained by 3.16% in over the last four-week period, additionally plugging by 12.07% over the last 6 months – not to mention a rise of 1.36% in the past year of trading.
Telefonaktiebolaget L M Ericsson ADR [ERIC]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Telefonaktiebolaget L M Ericsson ADR [ERIC] shares currently have an operating margin of 12.35% and a Gross Margin at 47.20%. Telefonaktiebolaget L M Ericsson ADR’s Net Margin is presently recorded at 7.06%.
Telefonaktiebolaget L M Ericsson ADR (ERIC) Capital Structure & Debt Analysis
According to recent financial data for Telefonaktiebolaget L M Ericsson ADR. ( ERIC), the Return on Equity (ROE) stands at 19.63%, reflecting robust shareholder value creation. The Return on Assets (ROA) is 6.11%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Telefonaktiebolaget L M Ericsson ADR’s Return on Invested Capital (ROIC) is 13.12%, showcasing its effectiveness in deploying capital for earnings.
Telefonaktiebolaget L M Ericsson ADR (ERIC) Efficiency & Liquidity Metrics
Based on Telefonaktiebolaget L M Ericsson ADR’s (ERIC) latest financial statements, the Debt-to-Equity Ratio is 0.50%, indicating its reliance on debt financing relative to shareholder equity.
Telefonaktiebolaget L M Ericsson ADR (ERIC) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Telefonaktiebolaget L M Ericsson ADR. (ERIC) effectively leverages its workforce, generating an average of $17721.47 per employee. The company’s liquidity position is robust, with a Current Ratio of 1.09% and a Quick Ratio of 0.86%, indicating strong ability to cover short-term liabilities.
Telefonaktiebolaget L M Ericsson ADR [ERIC]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Telefonaktiebolaget L M Ericsson ADR posted 0.14/share EPS, while the average EPS was predicted by analysts to be reported at 0.07/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.07. 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.
An analysis of Institutional ownership at Telefonaktiebolaget L M Ericsson ADR [ERIC]
There are presently around $12.62%, or 12.62%% of ERIC stock, in the hands of institutional investors. The top three institutional holders of ERIC stocks are: HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC with ownership of 152.31 million shares, which is approximately 4.571%. PRIMECAP MANAGEMENT CO/CA/, holding 48.27 million shares of the stock with an approximate value of $$297.84 million in ERIC stocks shares; and PRIMECAP MANAGEMENT CO/CA/, currently with $$89.2 million in ERIC stock with ownership which is approximately 0.4339%.
