Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Telefonaktiebolaget L M Ericsson ADR’s current trading price is -15.84% away from its 52-week high, while its distance from the 52-week low is 57.02%. The stock’s price range during this period has varied between $4.77 and $8.90. The company, active in the Technology sector, saw a trading volume of around 26.15 million for the day, considerably higher average daily volume of 17.2 million observed over the last three months.
The stock market performance of Telefonaktiebolaget L M Ericsson ADR has been very steady. Over the last year, the company’s stock hit its highest at $8.90 on 01/23/25, while the lowest price during the same time frame was $4.77, recorded on 04/15/24.
How Financial Performance Impacts Market Capitalization
Telefonaktiebolaget L M Ericsson ADR (ERIC) has experienced a quarterly decline of -12.70% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 23.00B and boasts a workforce of 94236 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 8.03, with a change in price of +0.27. Similarly, Telefonaktiebolaget L M Ericsson ADR recorded 16,742,324 in trading volume during the last 100 days, posting a change of +3.74%.
How ERIC’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for ERIC stands at 0.48. Similarly, the long-term debt-to-equity ratio is also 0.40.
ERIC Stock Stochastic Average
As of today, the raw stochastic average of Telefonaktiebolaget L M Ericsson ADR over the last 50 days is at 2.08%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 2.08%. Further, the company’s Stochastic %K and %D values for the last 20 days were 5.88% and 6.60%, respectively.
ERIC Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. This year’s metric has recorded a Price decrease of -7.07%. However, over the past six months, we’ve seen a weaker performance of 8.71%. The price of ERIC leaped by -7.30% over the last 30 days. And in the last five days, it has fallen by -1.71%.
