Buy, Sell Or Hold Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) At $5.45?

In recent trading session, Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) saw 8.27 million shares changing hands at last check today with its beta currently measuring 0.77. Company’s recent per share price level of $5.45 trading at $0.06 or 1.11% at last check today assigns it a market valuation of $16.72B. That most recent trading price of ERIC’s stock is at a discount of -16.7% from its 52-week high price of $6.36 and is indicating a premium of 20.55% from its 52-week low price of $4.33. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 18.16 million shares which gives us an average trading volume of 14.06 million if we extend that period to 3-months.

Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) trade information

Upright in the green today for gaining 1.11%, in the last five days ERIC remained trading in the green while hitting it’s week-highest on Friday, 02/09/24 when the stock touched $5.45 price level, adding 0.73% to its value on the day. Telefonaktiebolaget L M Ericsson ADR’s shares saw a change of -13.49% in year-to-date performance and have moved 0.37% in past 5-day. Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) showed a performance of -11.67% in past 30-days. Number of shares sold short was 21.71 million shares which calculate 1.81 days to cover the short interests.

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Telefonaktiebolaget L M Ericsson ADR (ERIC) estimates and forecasts

Statistics highlight that Telefonaktiebolaget L M Ericsson ADR is scoring comparatively lower than the scores of other players of the relevant industry. The company added 7.92% of value to its shares in past 6 months, showing an annual growth rate of -2.33% while that of industry is 5.10. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -0.10% from the last financial year’s standing.

3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $5.34 billion for the same. And 3 analysts are in estimates of company making revenue of $5.79 billion in the next quarter that will end on Jun 2024. Company posted $5.99 billion and $6.12 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -10.90% while estimating it to be -5.30% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -26.83% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 155.90% while estimates for its earnings growth in next 5 years are of 1.50%.

ERIC Dividends

Telefonaktiebolaget L M Ericsson ADR is more likely to be releasing its next quarterly report in March and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC)’s Major holders

Insiders are in possession of 0.00% of company’s total shares while institution are holding 9.25 percent of that, with stock having share float percentage of 9.25%. Investors also watch the number of corporate investors in a company very closely, which is 9.25% institutions for Telefonaktiebolaget L M Ericsson ADR that are currently holding shares of the company. Hotchkis & Wiley Capital Management, LLC is the top institutional holder at ERIC for having 104.62 million shares of worth $570.17 million. And as of Jun 29, 2023, it was holding 3.39% of the company’s outstanding shares.

The second largest institutional holder is Primecap Management Company, which was holding about 55.22 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 1.79% of outstanding shares, having a total worth of $300.94 million.

On the other hand, Vanguard/Windsor II and Vanguard/Primecap Fund are the top two Mutual Funds which own company’s shares. As of Jul 30, 2023, the former fund manager was holding 54.6 million shares of worth $275.74 million or 1.77% of the total outstanding shares. The later fund manager was in possession of 38.74 million shares on Jun 29, 2023, making its stake of worth around $211.15 million in the company or a holder of 1.26% of company’s stock.

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