The 36-month beta value for ERIC is also noteworthy at 0.79. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 6 rating it as “hold,” and 2 rating it as “sell.”
The public float for ERIC is 3.07B, and at present, short sellers hold a 1.02% of that float. The average trading volume of ERIC on May 07, 2024 was 17.47M shares.
ERIC) stock’s latest price update
The stock of Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC) has increased by 0.96 when compared to last closing price of 5.21. Despite this, the company has experienced a 2.14% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-22 that The integration of Ericsson’s (ERIC) 5G network with Vonage’s API platform and Singtel’s Paragon platform is likely to aid developers in creating solutions to help enterprises overhaul their businesses.
ERIC’s Market Performance
ERIC’s stock has risen by 2.14% in the past week, with a monthly rise of 3.54% and a quarterly drop of -0.94%. The volatility ratio for the week is 1.87% while the volatility levels for the last 30 days are 2.30% for Telefonaktiebolaget L M Ericsson ADR The simple moving average for the past 20 days is 3.07% for ERIC’s stock, with a 0.32% simple moving average for the past 200 days.
ERIC Trading at -1.29% 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 -17.30% of loss for the given period.
Volatility was left at 2.30%, however, over the last 30 days, the volatility rate increased by 1.87%, as shares surge +2.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.66% lower at present.
During the last 5 trading sessions, ERIC rose by +2.14%, which changed the moving average for the period of 200-days by +3.14% in comparison to the 20-day moving average, which settled at $5.11. In addition, Telefonaktiebolaget L M Ericsson ADR saw -16.51% 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:
- 0.06 for the present operating margin
- 0.4 for the gross margin
The net margin for Telefonaktiebolaget L M Ericsson ADR stands at -0.1. The total capital return value is set at 0.09. Equity return is now at value -20.78, with -7.62 for asset returns.
Based on Telefonaktiebolaget L M Ericsson ADR (ERIC), the company’s capital structure generated 0.28 points at debt to capital in total, while cash flow to debt ratio is standing at 0.42. The debt to equity ratio resting at 0.4. The interest coverage ratio of the stock is 3.77.
Currently, EBITDA for the company is 27.96 billion with net debt to EBITDA at 0.66. When we switch over and look at the enterprise to sales, we see a ratio of 0.81. The receivables turnover for the company is 3.35for trailing twelve months and the total asset turnover is 0.85. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.22.
Conclusion
In summary, Telefonaktiebolaget L M Ericsson ADR (ERIC) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
