Telefonaktiebolaget L M Ericsson ADR [ERIC] stock prices are up 2.15% to $5.69 at the moment. 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 5.57% over the last week, with a monthly amount glided 3.64%, and seem to be holding up well over a long-time horizon.
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On 12, March 2024, Ericsson Annual Report on Form 20-F filed with the SEC. In a post published today on Yahoo Finance, On March 12, 2024, Ericsson (NASDAQ:ERIC) filed its Annual Report on Form 20-F for the year ended December 31, 2023, with the U.S. Securities and Exchange Commission (SEC).
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.
The stock price of Telefonaktiebolaget L M Ericsson ADR [ERIC] has been fluctuating between $4.33 and $6.36 over the past year. 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 $5.69 at the most recent close of the market. An investor can expect a potential return of 21.97% based on the average ERIC price forecast.
Analyzing the ERIC fundamentals
The Telefonaktiebolaget L M Ericsson ADR [NASDAQ:ERIC] reported sales of 24.81B for trailing twelve months, representing a drop of -15.95%. Gross Profit Margin for this corporation currently stands at 0.4% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at -0.09%, and Net Profit Margin reading is -0.1%. To continue investigating profitability, this company’s Return on Assets is posted at -0.09, Equity is -0.23 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.5.
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 5.64 points at the first support level, and at 5.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.72, and for the 2nd resistance point, it is at 5.76.
Ratios To Look Out For
It’s worth pointing out that Telefonaktiebolaget L M Ericsson ADR [NASDAQ:ERIC]’s Current Ratio is 1.20. As well, the Quick Ratio is 0.92, while the Cash Ratio is 0.27. Considering the valuation of this stock, the price to sales ratio is 0.70, the price to book ratio is 1.94.
