Telefonaktiebolaget L M Ericsson ADR saw a rather consistency, in terms of market performance. The company’s stock reached its highest point at $8.62 on 10/15/24, while the lowest price for the same duration was marked 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 -2.09% away from its 52-week high, while its distance from the 52-week low is 94.92%. The stock’s price range during this period has spanned from $4.33 to $8.62. In the Technology sector, the Telefonaktiebolaget L M Ericsson ADR’s shares surpassed a trading volume of approximately 12.75 million for the day, which was noticeably lower compared to the average daily volume of 9.16.78 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 25.04% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 25.92B 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 7.01, with a change in price of +2.18. Similarly, Telefonaktiebolaget L M Ericsson ADR recorded 16,163,594 in trading volume during the last 100 days, posting a change of +34.82%.
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 0.50. Similarly, the long-term debt-to-equity ratio is also 0.44.
ERIC Stock Stochastic Average
Today, Telefonaktiebolaget L M Ericsson ADR’s raw stochastic average for the past 50 days stands at 88.76%, indicating a rise from the raw stochastic average of the last 20 days, which was 86.27%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 87.28% and 86.78% respectively.
ERIC Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. The index has shown a price gain of 33.97% this year. Over the last six months, there has been a weaker performance of 62.93%. The price of ERIC fallen by 8.62% during the last 30 days period. For the last 5-days stocks have slided -0.71%.
