Ericsson ADR (NASDAQ:ERIC) shares traded -0.44% down during most recent session to reach at the closing price of $6.84. The stock exchanged hands 2.57 Million shares versus average trading capacity of 5.27 Million shares, yielding a market cap of $22.85 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $5.94 within the next 52-weeks. The mean target projections are based on 7 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Ericsson ADR (NASDAQ:ERIC) high price target of $8 and with a conservative view have low price target of $3.
Bank of America “Downgrades” Ericsson ADR (NASDAQ:ERIC) in a research note issued to investors on 2/05/18 to Underperform with price target of $0.
Additionally on 11/09/17 Citigroup “Downgrades” Ericsson ADR (NASDAQ:ERIC) to Neutral setting price target at $0 and on 10/23/17 Canaccord Genuity “Maintained” the stock to Hold at $5.3. Furthermore on 10/03/17 Credit Suisse “Downgrades” the stock to Underperform at $0.
On the other hand the company has Relative Strength Index (RSI 14) of 54.62 along with Average True Range (ATR 14) of 0.17, Consequently Ericsson ADR (NASDAQ:ERIC)’s weekly and monthly volatility is 1.45%, 2.05% respectively. The company’s beta value is at 0.82.
In terms of Buy, Sell or Hold recommendations, Ericsson ADR (NASDAQ:ERIC) has analysts’ mean recommendation of 3.2. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Ericsson ADR (NASDAQ:ERIC)’s minimum EPS for the current quarter is at $-0.08 and can go high up to $0. The consensus mean EPS for the current quarter is at $-0.03 derived from a total of 6 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.02 earnings per share for the same quarter during last year.
Previously Ericsson ADR (NASDAQ:ERIC) reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. The company posted an earnings surprise of 66.7%.
While considering growth estimates of the company, it has next quarter growth estimates of -100% whereas during current quarter it has -250% estimations over growth, comparing to the estimations of -52.9% during current year and 275% for next year. Past 5 years growth of Ericsson ADR (NASDAQ:ERIC) observed at -29.55%, looking forward for the next 5 years it has a strong prediction of 16.86% over growth.
Ericsson ADR (NASDAQ:ERIC)’s revenue estimates for the current quarter are $5.42 Billion according to 5 number of analysts, for the current quarter the company has high revenue estimates of $5.55 Billion in contradiction of low revenue estimates of $5.37 Billion. For the current year the company’s revenue estimates are $23.69 Billion compared to low analyst estimates of $23.32 Billion and high estimates of $24.28 Billion according to 7 number of analysts.
Currently Ericsson ADR (NASDAQ:ERIC)’s shares owned by insiders are 0.9%, whereas shares owned by institutional owners are 19%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded 8.13%.
Ericsson ADR (NASDAQ:ERIC) 52-week high price stands at $7.47 and low price stands at $5.52, its price distance from 52-week high is -8.43% while its distance from 52-week low price is 23.91%. The stock hit its 52-week high on 07/12/17, and 52-week low on 09/21/17.
Ericsson ADR (NASDAQ:ERIC)’s trailing twelve month revenues are $24.38 Billion, whereas its price to sales ratio for the same period is 0.94. Its book value per share for the most recent quarter is $3.67 while its price to book ratio for the same period is 1.86, as for as the company’s cash per share for the most recent quarter is $1.54, however its price to cash per share ratio for the same period is 4.43. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.