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Is There a Dimmer Outlook Ahead for Telefonaktiebolaget LM Ericsson (publ) (ERIC)?

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) went down by -4.22% from its latest closing price compared to the recent 1-year high of $12.78. The company’s stock price has collected -10.27% of loss in the last five trading sessions. The Wall Street Journal reported on 01/20/23 that Ericsson Warns of Slowing 5G Orders in North America

Is It Worth Investing in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ :ERIC) Right Now?

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) scored a price-to-earnings ratio above its average ratio, recording 8.58 x from its present earnings ratio. Plus, the 36-month beta value for ERIC is at 0.57. Opinions of the stock are interesting as 8 analysts out of 29 who provided ratings for Telefonaktiebolaget LM Ericsson (publ) declared the stock was a “buy,” while 3 rated the stock as “overweight,” 13 rated it as “hold,” and 3 as “sell.”

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The average price from analysts is $7.69, which is $2.01 above the current price. ERIC currently public float of 2.98B and currently shorts hold a 0.21% ratio of that float. Today, the average trading volume of ERIC was 11.03M shares.

ERIC’s Market Performance

ERIC stocks went down by -10.27% for the week, with a monthly drop of -2.24% and a quarterly performance of -11.39%, while its annual performance rate touched -49.91%. The volatility ratio for the week stands at 2.25% while the volatility levels for the past 30 days are set at 1.90% for Telefonaktiebolaget LM Ericsson (publ). The simple moving average for the period of the last 20 days is -4.83% for ERIC stocks with a simple moving average of -19.25% for the last 200 days.

Analysts’ Opinion of ERIC

Goldman gave a rating of “Neutral” to ERIC, setting the target price at $6.10 in the report published on October 24th of the previous year.

ERIC Trading at -6.71% from the 50-Day Moving Average

After a stumble in the market that brought ERIC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -55.55% of loss for the given period.

Volatility was left at 1.90%, however, over the last 30 days, the volatility rate increased by 2.25%, as shares sank -1.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.61% upper at present.

During the last 5 trading sessions, ERIC fell by -10.27%, which changed the moving average for the period of 200-days by -40.02% in comparison to the 20-day moving average, which settled at $5.96. In addition, Telefonaktiebolaget LM Ericsson (publ) saw -2.74% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for ERIC

Current profitability levels for the company are sitting at:

  • +14.04 for the present operating margin
  • +43.49 for the gross margin

The net margin for Telefonaktiebolaget LM Ericsson (publ) stands at +9.77. The total capital return value is set at 23.91, while invested capital returns managed to touch 17.86. Equity return is now at value 19.00, with 7.00 for asset returns.

Based on Telefonaktiebolaget LM Ericsson (publ) (ERIC), the company’s capital structure generated 37.82 points at debt to equity in total, while total debt to capital is 27.44. Total debt to assets is 13.38, with long-term debt to equity ratio resting at 26.95. Finally, the long-term debt to capital ratio is 19.56.

When we switch over and look at the enterprise to sales, we see a ratio of 0.70, with the company’s debt to enterprise value settled at 0.13. The receivables turnover for the company is 3.35 and the total asset turnover is 0.80. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.38.

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