Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC) is -19.37% 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 $5.18 in the last trading session, with the day’s loss setting it -0.1%.
Currently trading at $5.08, the stock is -7.71% and -7.34% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 18.05 million and changing -1.93% at the moment leaves the stock -3.43% off its SMA200. ERIC registered -12.86% loss for a year compared to 6-month gain of 7.40%. The firm has a 50-day simple moving average (SMA 50) of $0.07 and a 200-day simple moving average (SMA200) of -$1.96.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -8.80% loss in the last 1 month and extending the period to 3 months gives it a -17.40%, and is -7.80% 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 2.90% over the week and 1.99% over the month.
Telefonaktiebolaget L M Ericsson ADR (ERIC) has around 99952 employees, a market worth around $15.59B and $24.81B in sales. Fwd P/E is 9.39. Profit margin for the company is -9.83%. Distance from 52-week low is 17.32% and -20.13% 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 155.38% this year, but quarterly earnings will post -0.90% 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
295 institutions hold shares in Telefonaktiebolaget L M Ericsson ADR (ERIC), with institutional investors hold 9.06% of the company’s shares. The shares outstanding are 3.07B, and float is at 3.07B with Short Float at 1.04%. Institutions hold 9.06% 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.
