In the last trading session, 29.51 million Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) shares changed hands as the company’s beta touched 0.77. With the company’s per share price at $4.79 changed hands at -$0.1 or -2.04% during last session, the market valuation stood at $14.70B. ERIC’s last price was a discount, traded about -32.78% off its 52-week high of $6.36. The share price had its 52-week low at $4.33, which suggests the last value was 9.6% up since then. When we look at Telefonaktiebolaget L M Ericsson ADR’s average trading volume, we note the 3-month average coming to 16.94 million.
Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) trade information
Instantly ERIC was in red as seen at the end of in last trading. With action -6.99%, the performance over the past five days has been red. The drop to weekly highs of 5.28 subtracted -2.04% to the stock’s daily price. The company’s shares are showing year-to-date downside of -23.97%, with the 5-day performance at -6.99% in the red. However, in the 30-day time frame, Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) is -15.67% down.
Telefonaktiebolaget L M Ericsson ADR (ERIC) estimates and forecasts
Data shows that the Telefonaktiebolaget L M Ericsson ADR share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -0.83% over the past 6 months, a -2.33% in annual growth rate that is considerably lower than the industry average of 7.90%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -26.83%. The 2024 estimates are for Telefonaktiebolaget L M Ericsson ADR earnings to increase by 153.01%, but the outlook for the next 5-year period is at 1.50% per year.
ERIC Dividends
Telefonaktiebolaget L M Ericsson ADR is expected to release its next quarterly earnings report in May. The 5.25% annual yield figure for the share gives it an annual dividend of 0.25. It is important to note, however, that the 5.25% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
