The stock market performance of Telefonaktiebolaget L M Ericsson ADR has been fairly unsteady. Over the last year, the company’s stock hit its highest at $6.36 on 12/27/23, while the lowest price during the same time frame was $4.33, recorded on 10/30/23.
52-week price history of ERIC Stock
A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Telefonaktiebolaget L M Ericsson ADR’s current trading price is -23.11% away from its 52-week high, while its distance from the 52-week low is 12.93%. The stock’s price range during this period has fluctuated between $4.33 and $6.36. Shares of the company, which operates in the Technology sector, recorded a trading volume of around 19.61 million for the day, which was evidently higher than the average daily volume of 16.86 million over the last three months.
Financial Performance and Market Capitalization
Telefonaktiebolaget L M Ericsson ADR (ERIC) has experienced a quarterly decline of -20.62% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 15.00B 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 5.58, with a change in price of +0.05. Similarly, Telefonaktiebolaget L M Ericsson ADR recorded 15,308,135 in trading volume during the last 100 days, posting a change of +1.03%.
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
Telefonaktiebolaget L M Ericsson ADR’s raw stochastic average for the past 50 days is currently at 2.18%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 2.18%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 2.97% and 8.24%, respectively.
ERIC Stock Price Performance Analysis
The stock price performance this year has been a mixed bag, which means people have different opinions about whether it’s been good or bad. Some may see it as optimistic, while others may view it as pessimistic. This year’s metric has recorded a Price decrease of -22.38%. However, over the past six months, we’ve seen a weaker performance of 4.04%. The price of ERIC leaped by -14.06% over the last 30 days. And in the last five days, it has fallen by -3.74%.
