As of Friday close, Telefonaktiebolaget LM Ericsson (publ)’s (NASDAQ:ERIC) stock was up $0.19, moving up 2.55 percent to $7.65. The average number of shares traded per day over the past five days has been 9,205,340 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.06 fall in that time frame. In the last twenty days, the average volume was 8,340,035, while in the previous 50 days, it was 9,847,734.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '22.
Small-cap Uranium stocks are booming in 2022! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here. .
Since last month, ERIC stock retreated -18.27%. Shares of the company fell to $7.30 on 05/12/22, the lowest level in the past month. A 52-week high of $13.72 was reached on 02/09/22 after having rallying from a 52-week low of $7.30. Since the beginning of this year, ERIC’s stock price has dropped by -29.62% or -$3.22, and marked a new high 15 times. However, the stock has declined by -44.24% since its 52-week high.
Right now, Telefonaktiebolaget LM Ericsson (publ) (ERIC) has a P/E ratio of about 11.28. The stock’s beta is 0.39. Besides these, the trailing price-to-sales (P/S) ratio of 1.14, the price-to-book (PB) ratio of 2.27, and the price-to-cash flow ratio of 10.60 may also be considered.
The latest dividend of $0.0890 per share was paid out, which is 11.25% more than last year’s $0.08. On Thursday January 27 2022, a $0.0090 dividend increase was announced.
In the three months ended September 29, Telefonaktiebolaget LM Ericsson (publ)’s quick ratio stood at 1.20, while its current ratio was 1.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.32, and the total debt-to-equity ratio was 0.43. On the profitability front, the trailing twelve-month gross margin is 43.30% percent. In the year ended September 29, EBITDA margin amounted to 17.11%, whereas operating margins totaled 13.20%. Based on annual data, ERIC earned $11.75 billion in gross profit and brought in $27.09 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 17.00%. Return on equity (ROE) for the past 12 months was 21.80%.
In Telefonaktiebolaget LM Ericsson (publ)’s quarter-end financial report for September 29, it reported total debt of $170.6 million against cash and short-term investments of $685.74 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ERIC’s revenue fell -0.03% during the quarter, while net income inched up to $24.97 billion. While analysts expected Telefonaktiebolaget LM Ericsson (publ) to report $0.19 quarterly earnings, the actual figure was $0.21 per share, beating the consensus estimate by 10.50%. During the quarter, the company generated $737.92 million in EBITDA. The liabilities of Telefonaktiebolaget LM Ericsson (publ) were 22.93 billion at the end of its most recent quarter ended September 29.
This quick technical analysis looks at Telefonaktiebolaget LM Ericsson (publ)’s (ERIC) price momentum. With a historical volatility rate of 44.47%, the RSI 9-day stood at 37.28% on 13 May.
With respect to its five-day moving average, the current Telefonaktiebolaget LM Ericsson (publ) price is down by -0.78% percent or -$0.06. At present, ERIC shares trade -9.89% below its 20-day simple moving average and -26.93% percent below its 100-day simple moving average. However, the stock is currently trading approximately -5.20% below its SMA50 and -33.42% below its SMA200.
Stochastic coefficient K was 19.07% and Stochastic coefficient D was 11.54%, while ATR was 0.26. Given the Stochastic reading of 30.97% for the 14-day period, the RSI (14) reading has been calculated as 36.33%. As of today, the MACD Oscillator reading stands at -0.26, while the 14-day reading stands at -0.38.
Jefferies launched its rating on Telefonaktiebolaget LM Ericsson (publ) (NASDAQ: ERIC) to a Hold in a note to investors on March 17, 2022. Telefonaktiebolaget LM Ericsson (publ) (ERIC) has been rated Overweight by analysts. According to 0 brokerage firms, ERIC is a sell, and 7 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 4 analysts rate Telefonaktiebolaget LM Ericsson (publ) stock as buy, with 15 recommending it as overweight.
With a median target price of $11.93, the current consensus forecast for the stock is $8.79 – $15.69. Based on these forecasts, analysts predict Telefonaktiebolaget LM Ericsson (publ) (ERIC) will achieve an average price target of $11.96.