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Analysts Mean recommendation for Telefonaktiebolaget LM Ericsson (publ) (ERIC) was 2.70: Is this the key time?

Telefonaktiebolaget LM Ericsson (publ) (ERIC) is priced at $6.15 after the most recent trading session. At the very opening of the session, the stock price was $6.12 and reached a high price of $6.20, prior to closing the session it reached the value of $6.09. The stock touched a low price of $6.115.Recently in News on November 23, 2022, Live From UNGA 77 – September 22. Catch up on the latest developments at UNGA 77, as well as this month’s other high-level events including the 2022 Fall Meeting of the Broadband Commission and Transforming Education Summit (TES). You can read further details here

Telefonaktiebolaget LM Ericsson (publ) had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $12.78 on 02/09/22, with the lowest value was $5.16 for the same time period, recorded on 10/20/22.

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Telefonaktiebolaget LM Ericsson (publ) (ERIC) full year performance was -40.35%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Telefonaktiebolaget LM Ericsson (publ) shares are logging -51.87% during the 52-week period from high price, and 19.30% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $5.16 and $12.78.

The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 5917712 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Telefonaktiebolaget LM Ericsson (publ) (ERIC) recorded performance in the market was -43.42%, having the revenues showcasing -17.23% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 20.68B, as it employees total of 104490 workers.

Telefonaktiebolaget LM Ericsson (publ) (ERIC) in the eye of market guru’s

During the last month, 11 analysts gave the Telefonaktiebolaget LM Ericsson (publ) a BUY rating, 3 of the polled analysts branded the stock as an OVERWEIGHT, 9 analysts were recommending to HOLD this stock, 2 of them gave the stock UNDERWEIGHT rating, and 2 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 6.68, with a change in the price was noted -1.22. In a similar fashion, Telefonaktiebolaget LM Ericsson (publ) posted a movement of -16.55% for the period of last 100 days, recording 8,164,411 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for ERIC is recording 0.31 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.25.

Telefonaktiebolaget LM Ericsson (publ) (ERIC): Stocks Technical analysis and Trends

Raw Stochastic average of Telefonaktiebolaget LM Ericsson (publ) in the period of last 50 days is set at 60.12%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 87.37%. In the last 20 days, the company’s Stochastic %K was 82.11% and its Stochastic %D was recorded 81.07%.

If we look into the earlier routines of Telefonaktiebolaget LM Ericsson (publ), multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -43.42%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -22.35%, alongside a downfall of -40.35% for the period of the last 12 months. The shares increased approximately by 0.99% in the 7-day charts and went down by 12.02% in the period of the last 30 days. Common stock shares were lifted by -17.23% during last recorded quarter.

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