While Telefonaktiebolaget L M Ericsson ADR has underperformed by -0.60%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ERIC rose by 47.00%, with highs and lows ranging from $8.62 to $4.77, whereas the simple moving average jumped by 24.85% in the last 200 days.
On January 31, 2024, UBS Downgraded Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC) to Sell. A report published by Barclays on January 19, 2024, Downgraded its rating to ‘Underweight’ for ERIC. JP Morgan November 30, 2023d the rating to Neutral on November 30, 2023, and set its price target from $7.80 to $5.90. Raymond James February 07, 2023d its ‘Outperform’ rating to ‘Mkt Perform’ for ERIC, as published in its report on February 07, 2023. Goldman’s report from January 24, 2023 suggests a price prediction of $4.90 for ERIC shares, giving the stock a ‘Sell’ rating. Exane BNP Paribas also rated the stock as ‘Neutral’.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Analysis of Telefonaktiebolaget L M Ericsson ADR (ERIC)
Investors in Telefonaktiebolaget L M Ericsson ADR will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $0.26 per share. Further, the quarter-over-quarter decrease in sales is -0.57%, showing a negative trend in the upcoming months.
One of the most important indicators of Telefonaktiebolaget L M Ericsson ADR’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -1.21% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.95, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and ERIC is recording 16.92M average volume. On a monthly basis, the volatility of the stock is set at 1.54%, whereas on a weekly basis, it is put at 1.36%, with a gain of 1.46% over the past seven days. Furthermore, long-term investors anticipate a median target price of $7.80, showing decline from the present price of $8.32, which can serve as yet another indication of whether ERIC is worth investing in or should be passed over.
How Do You Analyze Telefonaktiebolaget L M Ericsson ADR Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.16%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 10.03% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ERIC shares are owned by institutional investors to the tune of 10.03% at present.
