A share price of Telefonaktiebolaget L M Ericsson ADR [ERIC] is currently trading at $8.31, up 3.10%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ERIC shares have gain 2.85% over the last week, with a monthly amount drifted -1.77%, and not seem to be holding up well over a long-time horizon.
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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 $4.77 and $8.62. 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 $8.31 at the most recent close of the market. An investor can expect a potential drop of -16.49% based on the average ERIC price forecast.
Analyzing the ERIC fundamentals
Trailing Twelve Months sales for Telefonaktiebolaget L M Ericsson ADR [NASDAQ:ERIC] were 23.40B which represents -0.57% decline. Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at -0.0%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.01 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.42.
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 8.02 points at the first support level, and at 7.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.56, and for the 2nd resistance point, it is at 8.81.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Telefonaktiebolaget L M Ericsson ADR [NASDAQ:ERIC] is 1.19. Also, the Quick Ratio is 0.95, while the Cash Ratio stands at 0.31. Considering the valuation of this stock, the price to sales ratio is 1.09, the price to book ratio is 3.24.
