Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) has a beta value of 0.91 and has seen 5.54 million shares traded in the recent trading session. The company, currently valued at $24.80B, closed the recent trade at $8.07 per share which meant it lost -$0.17 on the day or -2.00% during that session. The ERIC stock price is -10.29% off its 52-week high price of $8.90 and 40.89% above the 52-week low of $4.77. If we look at the company’s 10-day average daily trading volume, we find that it stood at 25.53 million shares traded. The 3-month trading volume is 17.37 million shares.
The consensus among analysts is that Telefonaktiebolaget L M Ericsson ADR (ERIC) is Hold stock at the moment, with a recommendation rating of 2.92. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 7 out of 9 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight.
Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) trade information
Sporting -2.00% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ERIC stock price touched $8.07 or saw a rise of 6.92%. Year-to-date, Telefonaktiebolaget L M Ericsson ADR shares have moved 0.19%, while the 5-day performance has seen it change -6.43%. Over the past 30 days, the shares of Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) have changed 5.56%. Short interest in the company has seen 45.48 million shares shorted with days to cover at 2.72.
Wall Street analysts have a consensus price target for the stock at $6.94, which means that the shares’ value could drop -16.28% from the levels at last check today. The projected low price target is $6.1 while the price target rests at a high of $7.78. In that case, then, we find that the latest price level in today’s session is 3.59% off the targeted high while a plunge would see the stock lose 24.41% from the levels at last check today.
Telefonaktiebolaget L M Ericsson ADR (ERIC) estimates and forecasts
The company’s shares have gained 10.62% over the past 6 months.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -61.52% over the past 5 years.
ERIC Dividends
Telefonaktiebolaget L M Ericsson ADR is expected to release its next earnings report on 2025-Jan-23 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.26 at a share yield of 3.19%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 3.0%.
Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC)’s Major holders
Investors are also buoyed by the number of investors in a company, with Telefonaktiebolaget L M Ericsson ADR having a total of 370.0 institutions that hold shares in the company. The top two institutional holders are HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC with over 152.31 million shares worth more than $939.73 million. As of 2024-06-30, HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC held 4.571% of shares outstanding.
The other major institutional holder is PRIMECAP MANAGEMENT CO/CA/, with the holding of over 48.27 million shares as of 2024-06-30. The firm’s total holdings are worth over $297.84 million and represent 1.4488% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard/Windsor II and Vanguard/Primecap Fund. As of Oct 31, 2024, the former fund manager holds about 1.82% shares in the company for having 56.03 shares of worth $447.96 million while later fund manager owns 32.15 shares of worth $257.05 million as of Dec 31, 2024, which makes it owner of about 1.04% of company’s outstanding stock.
