Telefonaktiebolaget L M Ericsson ADR [NASDAQ: ERIC] price surged by 23145066 percent to reach at $25379991.7.
A sum of 23145066 shares traded at recent session while its average daily volume was at 25.38M shares. Telefonaktiebolaget L M Ericsson ADR shares reached a high of $8.2261 and dropped to a low of $8.03 until finishing in the latest session at $25380000.0.
The one-year ERIC stock forecast points to a potential downside of -294773419.16. The average equity rating for ERIC stock is currently 2.96, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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 $8.61 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 2.96. 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 3.20, with the Price to Cash per share for the same quarter was set at 1.61. Price to Free Cash Flow for ERIC in the course of the last twelve months was 6.19 with Quick ratio for the last quarter at 0.88.
ERIC Stock Performance Analysis:
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 -1.91. With this latest performance, ERIC shares dropped by -7.22% in over the last four-week period, additionally plugging by 0.12% over the last 6 months – not to mention a rise of 1.99% in the past year of trading.
Insight into Telefonaktiebolaget L M Ericsson ADR Fundamentals:
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 10.68% and a Gross Margin at 46.21%. Telefonaktiebolaget L M Ericsson ADR’s Net Margin is presently recorded at 0.67%.
Return on Equity for this stock inclined to 0.56%, with Return on Assets sitting at 0.56%.
Telefonaktiebolaget L M Ericsson ADR [ERIC] Institutonal Ownership Details
There are presently around $13.22%, or 13.22%% 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%.
