Ericsson (NASDAQ:ERIC), ended its previous trading session at $10.8 showing a loss of -0.0199999999999996 or -0.18 percent with respect to the price of $10.82 when stock market opened. The company traded 13.02 Million shares over the course of the trading day. Giving the average volume of 9.27 Million over the course of 3 consecutive months. Which signifies a pretty good change over the time with its shares outstanding of 3.32 Billion.
Ericsson (NASDAQ:ERIC) is currently trading lower than its price target which is set to $12.61 by the analyst. The stock is -10.74% Below its 1-Year High which is $12.10. ERIC has a difference of 75.61% from its 1 year low which stands at $6.15. The company is currently rated by analyst who are keeping a close eye on the stock as 1.7. Where 1 means Buy, 2.5 meaning Hold and 5 as Sell.
Ericsson (NASDAQ:ERIC) Performance Snapshot
The stock performed exceptionally good in the previous week which depicts an increase of 0.09 percent in the shares price. The company subtracted about -0.64% in its share price over 1-Month. While taking about the performance of the stock over 1-year interval is 25.44 Percent. ERIC currently shows 23.01% as its year to date performance.
Ericsson (NASDAQ:ERIC) Price Insight
The stock needs to grow about $1.81 to reach its price target. In order to seek the stock’s directional movements, 20-Days, 50 Days and 200-Days moving averages are 0.32%, -3.46% and 15.08 percent respectively. The stock trades about 0.24 percent of its Float giving its total shares Outstanding are 3.32 Billion. ERIC gained about 23.85 percent in 6 months showing its Average True Range of 0.2. The company currently has a RSI and Beta of 46.94 and 0.46.
While talking about Ericsson (NASDAQ:ERIC) valuation ratios, the stock trades with a P/S and P/B of 1.39 and 4.01 which is significantly better and attractive as compared to its peers.
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