A share price of Telefonaktiebolaget L M Ericsson ADR [ERIC] is currently trading at $5.46, up 2.06%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ERIC shares have gain 2.82% over the last week, with a monthly amount drifted -7.30%, and not seem to be holding up well over a long-time horizon.
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On 21, February 2024, KDDI Web Communications Launches Vonage Communications APIs to Strengthen Customer Engagement in Japan. In a post published today on Yahoo Finance, KDDI Web Communications Inc. has announced its partnership with Vonage, a global leader in cloud communications helping businesses accelerate their digital transformation and a part of Ericsson (NASDAQ: ERIC), to bring Vonage Communications APIs to customers in Japan, starting today.
From an analyst’s perspective:
Telefonaktiebolaget L M Ericsson ADR [NASDAQ: ERIC] stock has seen the most recent analyst activity on January 31, 2024, when UBS downgraded its rating to a Sell. Previously, Barclays downgraded its rating to Underweight on January 19, 2024. On December 08, 2023, upgrade upgraded it’s rating to Buy. JP Morgan downgraded its rating to a Neutral and decreased its price target to $5.90 on November 30, 2023. Raymond James downgraded its rating to a Mkt Perform. Goldman downgraded its rating to Sell for this stock on January 24, 2023, and downed its price target to $4.90. In a note dated January 10, 2023, Exane BNP Paribas downgraded an Neutral rating on this stock.
Telefonaktiebolaget L M Ericsson ADR experienced fluctuations in its stock price throughout the past year between $4.33 and $6.36. Currently, Wall Street analysts expect the stock to reach $6.94 within the next 12 months. Telefonaktiebolaget L M Ericsson ADR [NASDAQ: ERIC] shares were valued at $5.46 at the most recent close of the market. An investor can expect a potential return of 27.11% based on the average ERIC price forecast.
Analyzing the ERIC fundamentals
Trailing Twelve Months sales for Telefonaktiebolaget L M Ericsson ADR [NASDAQ:ERIC] were 24.81B which represents -15.95% decline. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 5.42 points at the first support level, and at 5.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.48, and for the 2nd resistance point, it is at 5.51.
Telefonaktiebolaget L M Ericsson ADR [ERIC] reported earnings per share of $0.16 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.16/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.08 per share as compared to estimates of $0.07 per share, a difference of $0.01 representing a surprise of 14.30%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Telefonaktiebolaget L M Ericsson ADR [NASDAQ:ERIC] is 1.20. As well, the Quick Ratio is 0.92, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 0.68, the price to book ratio is 1.86.
