Telefonaktiebolaget LM Ericsson (publ) [ERIC] shares are up more than 30.96% this year and recently decreased 0.0% or $0.04 to settle at $12.01. Analysts expect ERIC to grow earnings at a 28.97% annual rate over the next 5 years. ERIC has a short ratio of 0.80. This implies that the market is currently less bullish on the outlook for ERIC.

Analyst Birdseye View:

The most recent analyst activity for Telefonaktiebolaget LM Ericsson (publ) [NASDAQ:ERIC] stock was on March 30, 2020, when it was Upgrade with an Outperform rating from Cowen. On March 27, 2020, Raymond James Upgrade an Outperform rating and boosted its price target on this stock to $9. On January 27, 2020, Kepler Upgrade a Buy rating. On January 16, 2020, Barclays Upgrade an Overweight rating. On January 13, 2020, Citigroup Upgrade a Buy rating. On October 18, 2019, Charter Equity Upgrade a Buy rating.

In the past 52 weeks of trading, this stock has oscillated between a low of $6.15 and a peak of $12.61. At the most recent market close, shares of Telefonaktiebolaget LM Ericsson (publ) [NASDAQ:ERIC] were valued at $12.01.

FUNDAMENTAL ANALYSIS

This publicly-traded organization’s revenue is $2,285,484 per employee, while its income is $22,360 per employee. This company’s Gross Margin is currently 39.60%, its Operating Margin is 10.00%, its Pretax Margin is +4.00, and its Net Margin is +0.98. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 0.80, 2.62, 17.54 and 1.88 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 36.56 and the whole liability to whole assets at 16.91. It shows enduring liability to the whole principal at 27.55 and enduring liability to assets at 0.13 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 11.93 points at 1st support level, the second support level is making up to 11.88. But as of 1st resistance point, this stock is sitting at 12.05 and at 12.12 for 2nd resistance point.

Telefonaktiebolaget LM Ericsson (publ) [ERIC] reported its earnings at $0.22 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.16/share signifying the difference of 0.06 and 37.50% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.09 calling estimates for $0.07/share with the difference of 0.02 depicting the surprise of 28.60%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Telefonaktiebolaget LM Ericsson (publ) [NASDAQ:ERIC] is 1.30. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.44. Now if looking for a valuation of this stock’s amount to sales ratio it’s 1.19, it’s amount to book ratio is 3.27 and showing 23.84 of P/E (TTM) ratio.