In terms of market performance, Telefonaktiebolaget L M Ericsson ADR had a fairly even. The highest value for the stock in the past year was $7.83 on 09/26/24, and the lowest value was recorded at $4.33 on 10/30/23.
52-week price history of ERIC Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Telefonaktiebolaget L M Ericsson ADR’s current trading price is -1.05% away from its 52-week high, while its distance from the 52-week low is 78.87%. The stock’s price range during this period has spanned from $4.33 to $7.83. In the Technology sector, the Telefonaktiebolaget L M Ericsson ADR’s shares surpassed a trading volume of approximately 4.99 million for the day, which was noticeably lower compared to the average daily volume of 9.17.49 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Telefonaktiebolaget L M Ericsson ADR (ERIC) has experienced a quarterly rise of 25.53% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 23.78B and boasts a workforce of 99952 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 6.58, with a change in price of +2.47. Similarly, Telefonaktiebolaget L M Ericsson ADR recorded 16,009,707 in trading volume during the last 100 days, posting a change of +47.05%.
Examining ERIC’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for ERIC stands at 0.57. Similarly, the long-term debt-to-equity ratio is also 0.45.
ERIC Stock Stochastic Average
Today’s raw stochastic average for Telefonaktiebolaget L M Ericsson ADR over the last 50 days is 93.47%.This indicates a increase from the raw stochastic average of the past 20 days, which was 86.05%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 89.61% and 91.28%, respectively.
ERIC Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. The index has shown a price gain of 22.94% this year. Over the last six months, there has been a weaker performance of 40.56%. The price of ERIC fallen by 4.52% during the last 30 days period. For the last 5-days stocks have improved 2.31%.
