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 -11.12% away from its 52-week high, while its distance from the 52-week low is 65.83%. 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 14.06 million for the day, considerably lower average daily volume of 16.77 million observed over the last three months.
Telefonaktiebolaget L M Ericsson ADR’s stock has had a calm market performance. The 1-year high for the company’s stock was $8.90 on 01/23/25, and the lowest price during the same period was recorded at $4.77 on 04/15/24.
How Financial Performance Impacts Market Capitalization
Telefonaktiebolaget L M Ericsson ADR (ERIC) has experienced a quarterly decline of -1.00% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 24.29B 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 8.06, with a change in price of +0.34. Similarly, Telefonaktiebolaget L M Ericsson ADR recorded 16,509,762 in trading volume during the last 100 days, posting a change of +4.49%.
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 past 50 days is 36.04%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 36.04%. Additionally, the Stochastic %K and %D values for the company were 34.32% and 34.03%, respectively, over the past 20 days.
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. Year to date metric has recorded a loss of -1.86%.However, over the last six months, we can see a weaker performance of 13.00%. Over the last 30 days, the price of ERIC has leaped by -6.50%. And in the last five days, it has surged by 3.40%.
