While Telefonaktiebolaget L M Ericsson ADR has overperformed by 0.36%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ERIC fell by -0.18%, with highs and lows ranging from $6.36 to $4.33, whereas the simple moving average jumped by 5.18% 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’.
Analysis of Telefonaktiebolaget L M Ericsson ADR (ERIC)
With ERIC’s current dividend of $0.25 per share, investors can expect to earn a return regardless of performance. Further, the quarter-over-quarter decrease in sales is -15.95%, showing a negative trend in the upcoming months.
Telefonaktiebolaget L M Ericsson ADR’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -21.46% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.92, 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.
The average volume for any stock is also a very valuable indicator of volatility, and ERIC has an average volume of 16.27M. On a monthly basis, the volatility of the stock is set at 1.44%, whereas on a weekly basis, it is put at 1.42%, with a gain of 1.48% over the past seven days. Furthermore, long-term investors anticipate a median target price of $6.10, showing growth from the present price of $5.50, 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?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 0.00%. 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 8.72% 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 8.72% at present.
