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ERIC’s Financial Health: Exploring Telefonaktiebolaget L M Ericsson ADR’s Debt-to-Equity Ratio of 1.79

Telefonaktiebolaget L M Ericsson ADR’s stock market performance has been somewhat irregular. The 1-year high for the company’s stock was recorded at $6.36 on 12/27/23, with the lowest value being $4.33 on 10/30/23.

52-week price history of ERIC Stock

Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. Telefonaktiebolaget L M Ericsson ADR’s current trading price is -14.15% away from its 52-week high, while its distance from the 52-week low is 26.10%. The stock’s price range for this period has remained between $4.33 and $6.36. The Technology sector company’s shares managed to surpass a trading volume of around 14.78 million for the day, which was noticeably higher compared to the shares’ average daily volume of 14.06 million over the last three months.

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Financial Performance and Market Capitalization

Telefonaktiebolaget L M Ericsson ADR (ERIC) has experienced a quarterly rise of 18.18% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 16.75B and boasts a workforce of 99952 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 5.27, with a change in price of +0.38. Similarly, Telefonaktiebolaget L M Ericsson ADR recorded 12,957,218 in trading volume during the last 100 days, posting a change of +7.59%.

ERIC Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for ERIC stands at 0.55. Similarly, the long-term debt-to-equity ratio is also 0.35.

ERIC Stock Stochastic Average

As of today, the raw stochastic average of Telefonaktiebolaget L M Ericsson ADR over the past 50 days is 39.67%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 16.32%. Additionally, the Stochastic %K and %D values for the company were 10.20% and 8.32%, respectively, over the past 20 days.

ERIC Stock Price Performance Analysis

The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. Year to date metric has recorded a loss of -13.33%.However, over the last six months, we can see a weaker performance of 8.12%. Over the last 30 days, the price of ERIC has leaped by -11.51%. And in the last five days, it has surged by 0.55%.

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