In last trading session, Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) saw 16.82 million shares changing hands with its beta currently measuring 0.82. Company’s recent per share price level of $5.95 trading at $0.16 or 2.76% at ring of the bell on the day assigns it a market valuation of $18.27B. That closing price of ERIC’s stock is at a discount of -6.89% from its 52-week high price of $6.36 and is indicating a premium of 27.23% from its 52-week low price of $4.33. Taking a look at company’s average trading volume volume of 16.64 million if we extend that period to 3-months.
Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) trade information
Upright in the green during last session for gaining 2.76%, in the last five days ERIC remained trading in the green while hitting it’s week-highest on Wednesday, 05/22/24 when the stock touched $5.95 price level, adding 0.17% to its value on the day. Telefonaktiebolaget L M Ericsson ADR’s shares saw a change of -5.56% in year-to-date performance and have moved 4.75% in past 5-day. Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) showed a performance of 11.01% in past 30-days.
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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 18.06% of value to its shares in past 6 months, showing an annual growth rate of -11.63% while that of industry is -1.10. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -7.40% 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 5.36B for the same. And 3 analysts are in estimates of company making revenue of 5.56B in the next quarter. Company posted 6.12B and 5.97B of sales in current and next quarters respectively a year earlier.
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 151.81% 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 June 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.
