Telefonaktiebolaget LM Ericsson (publ) (NASDAQ: ERIC) is -5.82% lower on its value in year-to-date trading and has touched a low of $5.16 and a high of $9.80 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ERIC stock was last observed hovering at around $5.47 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $5.50, the stock is -1.66% and -4.80% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.65 million and changing 0.55% at the moment leaves the stock -16.04% off its SMA200. ERIC registered -34.91% loss for a year compared to 6-month loss of -26.27%.
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The stock witnessed a -3.34% gain in the last 1 month and extending the period to 3 months gives it a -14.73%, and is -0.18% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.91% over the week and 1.64% over the month.
Telefonaktiebolaget LM Ericsson (publ) (ERIC) has around 105529 employees, a market worth around $19.24B and $25.30B in sales. Current P/E ratio is 10.50 and Fwd P/E is 7.75. Profit margin for the company is 6.90%. Distance from 52-week low is 6.69% and -43.88% from its 52-week high. The company has generated returns on investments over the last 12 months (12.20%).
Telefonaktiebolaget LM Ericsson (publ) (ERIC) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Telefonaktiebolaget LM Ericsson (publ) (ERIC) is a “Hold”. 30 analysts offering their recommendations for the stock have an average rating of 3.00, where 15 rate it as a Hold and 3 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 3 analysts have rated the stock as a Sell or Underperform.
Telefonaktiebolaget LM Ericsson (publ) is expected to release its quarterly report on 04/18/2023.The EPS is expected to shrink by -17.50% this year.
Telefonaktiebolaget LM Ericsson (publ) (ERIC) Top Institutional Holders
The shares outstanding are 3.33B, and float is at 2.98B with Short Float at 0.50%.
Telefonaktiebolaget LM Ericsson (publ) (ERIC) Insider Activity
A total of 0 insider transactions have happened at Telefonaktiebolaget LM Ericsson (publ) (ERIC) in the last six months, with sales accounting for 0 and purchases happening 0 times.
Telefonaktiebolaget LM Ericsson (publ) (ERIC): Who are the competitors?
The company’s main competitors (and peers) include BlackBerry Limited (BB) that is trading -40.38% down over the past 12 months and Harmonic Inc. (HLIT) that is 38.56% higher over the same period. Motorola Solutions Inc. (MSI) is 20.06% up on the 1-year trading charts.