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 -2.70% away from its 52-week high, while its distance from the 52-week low is 81.55%. 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 22.64 million for the day, considerably higher average daily volume of 16.93 million observed over the last three months.
Telefonaktiebolaget L M Ericsson ADR’s stock market performance has been consistent. The 1-year high for the company’s stock was recorded at $8.90 on 01/23/25, with the lowest value being $4.77 on 04/15/24.
How Financial Performance Impacts Market Capitalization
Telefonaktiebolaget L M Ericsson ADR (ERIC) has experienced a quarterly rise of 5.61% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 26.59B 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 8.15, with a change in price of +1.21. Similarly, Telefonaktiebolaget L M Ericsson ADR recorded 17,654,379 in trading volume during the last 100 days, posting a change of +16.24%.
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 84.50%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 99.12%. Additionally, the Stochastic %K and %D values for the company were 94.11% and 88.35%, respectively, over the past 20 days.
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. The metric has seen a significant gain of 7.44% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 16.55%. Over the past 30 days, the price of ERIC has fallen by 13.95%. And in the last five days, it has surged by 5.10%.
