The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Telefonaktiebolaget L M Ericsson ADR’s current trading price is -4.99% away from its 52-week high, while its distance from the 52-week low is 71.70%. The stock’s price range for this period has been between $4.77 and $8.62 The company’s shares, which are part of the Technology sector, had a trading volume of approximately 8.29 million for the day, a number notably lower than the average daily volume of 16.69 million over the last three months.
Telefonaktiebolaget L M Ericsson ADR experienced a rather steady stock market performance. The highest value in the past year was recorded at $8.62 on 10/15/24 and the lowest value was $4.77 on 04/15/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Telefonaktiebolaget L M Ericsson ADR (ERIC) has experienced a quarterly rise of 10.53% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 25.15B and boasts a workforce of 99952 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 7.88, with a change in price of +1.27. Similarly, Telefonaktiebolaget L M Ericsson ADR recorded 15,904,013 in trading volume during the last 100 days, posting a change of +18.35%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to 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, Telefonaktiebolaget L M Ericsson ADR’s raw stochastic average for the last 50 days stands at 40.58%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 48.21%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 38.69% and 31.75%, respectively.
ERIC Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. Year to date metric has recorded a gain of 1.61%.However, over the last six months, we can see a weaker performance of 27.97%. Over the last 30 days, the price of ERIC has leaped by -1.09%. And in the last five days, it has surged by 1.11%.
