Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) finished Thursday with a subtraction of -$0.1 to close at $6.23, a downside of -1.58 percent. An average of 7,026,560 shares of common stock have been traded in the last five days. There was a fall of -$0.51 in the past week, and it reached a new high 15 times over the past 12 months. The last 20 days have seen an average of 7,093,500 shares traded, while the 50-day average volume stands at 5,698,808.
ERIC stock has decreased by -14.66% in the last month. The company shares reached their 1-month lowest point of $6.21 on 09/22/22. With the stock rallying to its 52-week high on 02/09/22, shares of the company touched a low of $6.32 and a high of $12.78 in 52 weeks. It has reached a new high 15 times so far this year and lost -42.69% or -$4.64 in price. In spite of this, the price is down -51.24% from the 52-week high.
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Telefonaktiebolaget LM Ericsson (publ) (ERIC) has a trailing price-to-earnings (P/E) ratio of 9.56. The stock’s beta is 0.43. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.92, the price-to-book (PB) ratio at 1.72, and the price-to-cash flow ratio at 9.09.
The company has a payout ratio of 191.70%. The company’s most recent quarterly dividend payment was $0.0760 a share, representing a down of -14.61% from $0.0890 last year. Its latest decrease dividend $0.0130 reported on Wednesday September 7 2022.
The quick ratio of Telefonaktiebolaget LM Ericsson (publ) for the three months ended June 29 was 1.30, and the current ratio was 1.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.26 and a total debt to equity ratio of 0.30 for the quarter ending June 29. Telefonaktiebolaget LM Ericsson (publ)’s EBITDA margin for the year ending June 29 is 17.11%, while its operating margin for the same period stands at 13.40%. Its gross profit as reported stood at $11.75 billion compared to revenue of $27.09 billion.
For the three-month period that ended June 29, Telefonaktiebolaget LM Ericsson (publ) had $685.74 million in cash and short-term investments compared to $170.6 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $2.44 billion in the quarter, while revenues were grew 22.96%. The analyst consensus anticipated Telefonaktiebolaget LM Ericsson (publ)’s latest quarter earnings to come in at $0.16 per share, but it turned out to be $0.14, a -12.50% surprise. For the quarter, EBITDA amounted to $958.98 million. At the end of the quarter ending June 29, Telefonaktiebolaget LM Ericsson (publ)’s stock balance sheet showed total liabilities of 20.83 billion.
From a technical analysis perspective, let’s take a brief look at Telefonaktiebolaget LM Ericsson (publ) (ERIC) price momentum. RSI 9-day as of the close on 22 September was 16.66%, suggesting the stock is oversold, with historical volatility in this time frame at 14.42%.
As of today, ERIC’s price is $6.49 -7.57% or -$0.51 from its 5-day moving average. ERIC is currently trading -14.66% lower than its 20-day SMA and -21.73% lower than its 100-day SMA. However, the stock’s current price level is -16.82% below the SMA50 and -39.69% below the SMA200.
The stochastic %K and %D were 2.03% and 4.46%, respectively, and the average true range (ATR) was 0.18. With the 14-day stochastic at 1.52% and the average true range at 0.18, the RSI (14) stands at 23.74%. The stock has reached -0.41 on the 9-day MACD Oscillator while the 14-day reading was at -0.59.
Credit Suisse downgraded Telefonaktiebolaget LM Ericsson (publ) (NASDAQ: ERIC) to a an Underperform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Telefonaktiebolaget LM Ericsson (publ) (ERIC) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell ERIC, while 6 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 14 others rate it as a “buy”.
What is ERIC’s price target for the next 12 months?
Analysts predict a range of price targets between $6.46 and $12.00, with a median target of $9.99. Taking a look at these predictions, the average price target given by analysts for Telefonaktiebolaget LM Ericsson (publ) (ERIC) stock is $9.56.