Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC) is 8.56% higher on its value in year-to-date trading and has touched a low of $4.77 and a high of $8.74 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 $8.72 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $8.75, the stock is 6.12% and 6.64% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.77 million and changing 0.34% at the moment leaves the stock 24.41% off its SMA200. ERIC registered 48.56% gain for a year compared to 6-month gain of 30.21%. The firm has a 50-day simple moving average (SMA 50) of $8.2048 and a 200-day simple moving average (SMA200) of $7.03305.
The stock witnessed a 9.51% loss in the last 1 month and extending the period to 3 months gives it a 2.94%, and is 6.45% 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 1.58% over the week and 1.55% over the month.
Telefonaktiebolaget L M Ericsson ADR (ERIC) has around 99952 employees, a market worth around $26.87B and $23.40B in sales. Fwd P/E is 15.54. Profit margin for the company is -0.47%. Distance from 52-week low is 83.44% and 0.11% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.90%).
with sales reaching $72.94B over the same period.The EPS is expected to grow by 108.71% this year, but quarterly earnings will post -5.86% year-over-year. Quarterly sales are estimated to grow 1.48% in year-over-year returns.
The shares outstanding are 3.07B, and float is at 3.07B with Short Float at 1.07%.
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.
