The stock has a 36-month beta value of 0.85. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 2 as “overweight,” 6 as “hold,” and 2 as “sell.”
The public float for ERIC is 3.07B, and at present, short sellers hold a 1.18% of that float. On June 17, 2024, the average trading volume of ERIC was 16.66M shares.
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ERIC) stock’s latest price update
Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC) has experienced a decline in its stock price by -1.19 compared to its previous closing price of 5.88. However, the company has seen a fall of -6.59% in its stock price over the last five trading days. zacks.com reported 2024-06-14 that Ericsson (ERIC) will systematically replace and expand 2degrees’ existing microwave technology with its MINI-LINK 6000 solution, ensuring a robust and efficient mobile transport network.
ERIC’s Market Performance
Telefonaktiebolaget L M Ericsson ADR (ERIC) has experienced a -6.59% fall in stock performance for the past week, with a 2.29% rise in the past month, and a 1.22% rise in the past quarter. The volatility ratio for the week is 1.58%, and the volatility levels for the past 30 days are at 1.56% for ERIC. The simple moving average for the last 20 days is -3.30% for ERIC’s stock, with a simple moving average of 8.40% for the last 200 days.
ERIC Trading at 5.39% 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 -8.65% of loss for the given period.
Volatility was left at 1.56%, however, over the last 30 days, the volatility rate increased by 1.58%, as shares surge +2.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.16% upper at present.
During the last 5 trading sessions, ERIC fell by -6.59%, which changed the moving average for the period of 200-days by +13.48% in comparison to the 20-day moving average, which settled at $6.01. In addition, Telefonaktiebolaget L M Ericsson ADR saw -7.78% 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 0.9. 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
To sum up, Telefonaktiebolaget L M Ericsson ADR (ERIC) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
