Last Week, Telefonaktiebolaget LM Ericsson (publ) (ERIC) Recorded A Gain Of $50.68

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As of Wednesday close, Telefonaktiebolaget LM Ericsson (publ)’s (NASDAQ:ERIC) stock was up $0.06, moving up 0.99 percent to $6.15. The average number of shares traded per day over the past five days has been 8,932,740 shares. 3 times new highs have been achieved over the past 5 days, with a $0.06 gain in that time frame. In the last twenty days, the average volume was 8,861,905, while in the previous 50 days, it was 10,817,626.

Since last month, ERIC stock rose 12.02%. Shares of the company fell to $5.28 on 10/24/22, the lowest level in the past month. A 52-week high of $12.78 was reached on 02/09/22 after having rallying from a 52-week low of $5.16. Since the beginning of this year, ERIC’s stock price has dropped by -43.42% or -$4.72, and marked a new high 15 times. However, the stock has declined by -51.87% since its 52-week high.


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Valuation Metrics

Right now, Telefonaktiebolaget LM Ericsson (publ) (ERIC) has a P/E ratio of about 9.55. The stock’s beta is 0.50. Besides these, the trailing price-to-sales (P/S) ratio of 0.85, the price-to-book (PB) ratio of 1.57, and the price-to-cash flow ratio of 14.77 may also be considered.

The latest dividend of $0.0760 per share was paid out, which is -14.61% less than last year’s $0.0890. On Wednesday September 7 2022, a $0.0130 dividend decrease was announced.

Financial Health

In the three months ended September 29, Telefonaktiebolaget LM Ericsson (publ)’s quick ratio stood at 0.80, while its current ratio was 1.20, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.25, and the total debt-to-equity ratio was 0.31. On the profitability front, the trailing twelve-month gross margin is 42.40% percent. In the year ended September 29, operating margins totaled 12.10%. 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 18.60%.

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 higher 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 $0.16 quarterly earnings, the actual figure was $0.16 per share. During the quarter, the company generated $895.41 million in EBITDA. The liabilities of Telefonaktiebolaget LM Ericsson (publ) were 21.29 billion at the end of its most recent quarter ended September 29.

Technical Picture

This quick technical analysis looks at Telefonaktiebolaget LM Ericsson (publ)’s (ERIC) price momentum. With a historical volatility rate of 29.39%, the RSI 9-day stood at 64.09% on 23 November.

With respect to its five-day moving average, the current Telefonaktiebolaget LM Ericsson (publ) price is up by +0.99% percent or $0.06. At present, ERIC shares trade +9.43% above its 20-day simple moving average and -16.55% percent below its 100-day simple moving average. However, the stock is currently trading approximately -11.89% below its SMA50 and -51.19% below its SMA200.

Stochastic coefficient K was 81.58% and Stochastic coefficient D was 80.64%, while ATR was 0.15. Given the Stochastic reading of 85.80% for the 14-day period, the RSI (14) reading has been calculated as 57.57%. As of today, the MACD Oscillator reading stands at -0.02, while the 14-day reading stands at 0.16.

Analyst Ratings

Morgan Stanley launched its rating on Telefonaktiebolaget LM Ericsson (publ) (NASDAQ: ERIC) to an Equal-weight in a note to investors on November 08, 2022. Telefonaktiebolaget LM Ericsson (publ) (ERIC) has been rated Overweight by analysts. According to 2 brokerage firms, ERIC is a sell, and 11 firms recommend it is a Hold. There are 2 analysts who say the stock is underweight. A total of 3 analysts rate Telefonaktiebolaget LM Ericsson (publ) stock as buy, with 11 recommending it as overweight.

With a median target price of $7.43, the current consensus forecast for the stock is $4.87 – $9.94. Based on these forecasts, analysts predict Telefonaktiebolaget LM Ericsson (publ) (ERIC) will achieve an average price target of $7.43.

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