Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC) is -14.39% lower on its value in year-to-date trading and has touched a low of $4.77 and a high of $8.90 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 $6.97 in the last trading session, with the day’s loss setting it -0.07%.
Currently trading at $6.90, the stock is -12.87% and -13.03% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 39.6 million and changing -1.00% at the moment leaves the stock -9.91% off its SMA200. ERIC registered 33.20% gain for a year compared to 6-month gain of -6.12%. The firm has a 50-day simple moving average (SMA 50) of $7.9334 and a 200-day simple moving average (SMA200) of $7.65875.
The stock witnessed a -20.32% loss in the last 1 month and extending the period to 3 months gives it a -15.34%, and is -11.08% 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 4.19% over the week and 2.59% over the month.
Telefonaktiebolaget L M Ericsson ADR (ERIC) has around 94236 employees, a market worth around $21.19B and $23.42B in sales. Current P/E ratio is 1916.67 and Fwd P/E is 12.47. Profit margin for the company is 0.06%. Distance from 52-week low is 44.65% and -22.47% from its 52-week high. The company has generated returns on investments over the last 12 months (0.12%).
with sales reaching $55.27B over the same period.The EPS is expected to grow by 57813.85% this year, but quarterly earnings will post 2.55% year-over-year. Quarterly sales are estimated to grow 3.64% in year-over-year returns.
Telefonaktiebolaget L M Ericsson ADR (ERIC) Top Institutional Holders
372.0 institutions hold shares in Telefonaktiebolaget L M Ericsson ADR (ERIC), with institutional investors hold 13.29% of the company’s shares. The shares outstanding are 3.07B, and float is at 3.06B with Short Float at 1.45%. Institutions hold 13.29% of the Float.
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 4.571% 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 1.4488 of the shares outstanding. The other top investors are ARROWSTREET CAPITAL, LIMITED PARTNERSHIP which holds 14.46 million shares representing 0.4339% 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.
Telefonaktiebolaget L M Ericsson ADR (ERIC) Insider Activity
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