Are we looking at the next big move in Telefonaktiebolaget L M Ericsson ADR (ERIC)?

Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC) is -12.86% lower on its value in year-to-date trading and has touched a low of $4.33 and a high of $6.36 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 $5.39 in the last trading session, with the day’s gains setting it 0.1%.

Currently trading at $5.49, the stock is -4.37% and -5.37% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 21.0 million and changing 1.86% at the moment leaves the stock 5.09% off its SMA200. ERIC registered -3.85% loss for a year compared to 6-month gain of 8.71%. The firm has a 50-day simple moving average (SMA 50) of $0.07 and a 200-day simple moving average (SMA200) of $0.78.

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The stock witnessed a -11.02% loss in the last 1 month and extending the period to 3 months gives it a 18.83%, and is 1.10% up 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 1.25% over the week and 1.75% over the month.

Telefonaktiebolaget L M Ericsson ADR (ERIC) has around Apr 04 2024 employees, a market worth around $16.85B and $24.81B in sales. Fwd P/E is 10.14. Profit margin for the company is -9.83%. Distance from 52-week low is 26.79% and -13.68% from its 52-week high. The company has generated returns on investments over the last 12 months (-18.46%).

Telefonaktiebolaget L M Ericsson ADR quarterly earnings per share for the current quarter are estimated at $0.05 with sales reaching $5.34B over the same period.The EPS is expected to grow by 155.90% this year, but quarterly earnings will post 0.10% year-over-year. Quarterly sales are estimated to shrink -10.90% in year-over-year returns.

Telefonaktiebolaget L M Ericsson ADR (ERIC) Top Institutional Holders

283 institutions hold shares in Telefonaktiebolaget L M Ericsson ADR (ERIC), with institutional investors hold 9.25% of the company’s shares. The shares outstanding are 3.07B, and float is at 3.07B with Short Float at 0.91%. Institutions hold 9.25% of the Float.

The top institutional shareholder in the company is Hotchkis & Wiley Capital Management, LLC with over 104.62 million shares valued at $570.17 million. The investor’s holdings represent 3.39% of the ERIC Shares outstanding. As of Jun 29, 2023, the second largest holder is Primecap Management Company with 55.22 million shares valued at $300.94 million to account for 1.79% of the shares outstanding. The other top investors are Srb Corp which holds 18.18 million shares representing 0.59% and valued at over $99.08 million, while Folketrygdfondet holds 0.41% of the shares totaling 12.68 million with a market value of $69.09 million.

Telefonaktiebolaget L M Ericsson ADR (ERIC) Insider Activity

A total of 0 insider transactions have happened at Telefonaktiebolaget L M Ericsson ADR (ERIC) in the last six months, with sales accounting for 0 and purchases happening 0 times.

Telefonaktiebolaget L M Ericsson ADR (ERIC): Who are the competitors?

The company’s main competitors (and peers) include BlackBerry Ltd. (BB) that is trading -33.01% down over the past 12 months. Harmonic Inc. (HLIT) that is -2.84% lower over the same period.