Telefonaktiebolaget L M Ericsson ADR’s stock has had a calm market performance. The 1-year high for the company’s stock was $8.62 on 10/15/24, and the lowest price during the same period was recorded at $4.77 on 04/15/24.
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 -6.38% away from its 52-week high, while its distance from the 52-week low is 69.18%. The stock’s price range for this period has remained between $4.77 and $8.62. The Technology sector company’s shares managed to surpass a trading volume of around 11.06 million for the day, which was noticeably lower compared to the shares’ average daily volume of 16.6 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 8.47% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 24.78B 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 7.44, with a change in price of +1.87. Similarly, Telefonaktiebolaget L M Ericsson ADR recorded 17,706,090 in trading volume during the last 100 days, posting a change of +30.21%.
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 0.50. Similarly, the long-term debt-to-equity ratio is also 0.44.
ERIC Stock Stochastic Average
As of today, the raw stochastic average of Telefonaktiebolaget L M Ericsson ADR over the past 50 days is 57.26%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 21.74%. Additionally, the Stochastic %K and %D values for the company were 15.06% and 23.38%, respectively, over the past 20 days.
ERIC Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. Until today this year the stock’s price performance recorded an increase of 28.10%. However, over the last six months, the performance has been weaker by 37.71%. The price of ERIC decreased -5.06% over the last 30 days. And in the last five days, it has surged by 1.25%.
