Telefonaktiebolaget L M Ericsson ADR’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $8.62 on 10/15/24, and the lowest price during that time was $4.77, recorded on 04/15/24.
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 -5.17% away from its 52-week high, while its distance from the 52-week low is 71.37%. The stock’s price range during this period has fluctuated between $4.77 and $8.62. Shares of the company, which operates in the Technology sector, recorded a trading volume of around 5.4 million for the day, which was evidently lower than the average daily volume of 16.86 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 11.52% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 25.10B 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 7.54, with a change in price of +1.76. Similarly, Telefonaktiebolaget L M Ericsson ADR recorded 17,681,424 in trading volume during the last 100 days, posting a change of +27.46%.
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
The raw stochastic average for Telefonaktiebolaget L M Ericsson ADR over the last 50 days is presently at 63.75%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 38.84%. Further, the company’s Stochastic %K and %D values for the last 20 days were 38.99% and 40.70%, respectively.
ERIC Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. This year’s metric has recorded a Price increase of 29.75%. However, over the past six months, we’ve seen a weaker performance of 30.79%. The price of ERIC leaped by -2.45% over the last 30 days. And in the last five days, it has surged by 0.42%.
