Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC) has seen a rise in its stock price by 0.25 in relation to its previous close of 8.14. However, the company has experienced a 1.24% gain in its stock price over the last five trading sessions. zacks.com reported 2024-11-21 that ERIC appears to be treading in the middle of the road and investors could be better off if they trade with caution.
Is It Worth Investing in Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC) Right Now?
Additionally, the 36-month beta value for ERIC is 0.81. 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.”
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The public float for ERIC is 3.07B and currently, short sellers hold a 0.97% ratio of that float. The average trading volume of ERIC on November 26, 2024 was 16.76M shares.
ERIC’s Market Performance
ERIC stock saw a decrease of 1.24% in the past week, with a monthly decline of -3.32% and a quarterly a decrease of 9.83%. The volatility ratio for the week is 2.53%, and the volatility levels for the last 30 days are 1.58% for Telefonaktiebolaget L M Ericsson ADR (ERIC). The simple moving average for the past 20 days is -0.57% for ERIC’s stock, with a 25.17% simple moving average for the past 200 days.
ERIC Trading at 2.18% 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 -5.34% of loss for the given period.
Volatility was left at 1.58%, however, over the last 30 days, the volatility rate increased by 2.53%, as shares sank -5.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.72% upper at present.
During the last 5 trading sessions, ERIC rose by +1.24%, which changed the moving average for the period of 200-days by +48.63% in comparison to the 20-day moving average, which settled at $8.21. In addition, Telefonaktiebolaget L M Ericsson ADR saw 29.52% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for ERIC
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.43 for the gross margin
The net margin for Telefonaktiebolaget L M Ericsson ADR stands at -0.01. The total capital return value is set at 0.11. Equity return is now at value -1.21, with -0.40 for asset returns.
Based on Telefonaktiebolaget L M Ericsson ADR (ERIC), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at 1.18. The debt to equity ratio resting at 0.42. The interest coverage ratio of the stock is 3.69.
Currently, EBITDA for the company is 27.96 billion with net debt to EBITDA at 0.14. When we switch over and look at the enterprise to sales, we see a ratio of 1.23. The receivables turnover for the company is 4.0for trailing twelve months and the total asset turnover is 0.91. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.19.
Conclusion
In conclusion, Telefonaktiebolaget L M Ericsson ADR (ERIC) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
