Why should you keep an eye on Telefonaktiebolaget L M Ericsson ADR (ERIC)?

Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC) is 30.32% higher on its value in year-to-date trading and has touched a low of $4.77 and a high of $8.62 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ERIC stock was last observed hovering at around $8.23 in the last trading session, with the day’s loss setting it -0.02%.

Currently trading at $8.21, the stock is -0.21% and 0.06% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.49 million and changing -0.24% at the moment leaves the stock 21.93% off its SMA200. ERIC registered 37.06% gain for a year compared to 6-month gain of 38.92%. The firm has a 50-day simple moving average (SMA 50) of $8.1898 and a 200-day simple moving average (SMA200) of $6.72.

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The stock witnessed a 3.01% loss in the last 1 month and extending the period to 3 months gives it a 11.70%, and is -1.32% 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 1.25% over the week and 1.58% over the month.

Telefonaktiebolaget L M Ericsson ADR (ERIC) has around 99952 employees, a market worth around $25.21B and $23.40B in sales. Fwd P/E is 14.31. Profit margin for the company is -0.47%. Distance from 52-week low is 72.12% and -4.76% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.90%).

with sales reaching $72.69B over the same period.The EPS is expected to grow by 109.18% this year, but quarterly earnings will post -5.94% year-over-year. Quarterly sales are estimated to grow 1.12% in year-over-year returns.

Telefonaktiebolaget L M Ericsson ADR (ERIC) Top Institutional Holders

The shares outstanding are 3.07B, and float is at 3.07B with Short Float at 1.03%.

The top institutional shareholder in the company is HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC with over 152.31 million shares valued at $939.73 million. The investor’s holdings represent 4.5724% of the ERIC Shares outstanding. As of 2024-06-30, the second largest holder is PRIMECAP MANAGEMENT CO/CA/ with 48.27 million shares valued at $297.84 million to account for 1.4492 of the shares outstanding. The other top investors are ARROWSTREET CAPITAL, LIMITED PARTNERSHIP which holds 14.46 million shares representing 0.434% and valued at over $89.2 million, while BANK OF MONTREAL /CAN/ holds 0.407 of the shares totaling 13.56 million with a market value of $83.79 million.