Stock price performance of Ericsson is analyzed for various periods using several stock trading signals. In this case, The stock price has rallied 15.08% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -21.41% . Looking at the past 52 week period, the stock price is down -33.79% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of Ericsson has a negative value of -41.87 compared to overall market performance. Company shares have received an average consensus rating of Hold for the current week The stock has recorded a 20-day Moving Average of 0.77% and the 50-Day Moving Average is 5.53%.The 200 Day SMA reached 12.73%
Telefonaktiebolaget LM Ericsson (publ) is having a Relative Strength Index of 49.82 which indicates the stock is not yet over sold or over bought based on the technical indicators. Ericsson (NASDAQ:ERIC) has tumbled 2.03% during the past week and has dropped 1.19% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.14%. Ericsson (NASDAQ:ERIC) has underperformed the index by 2.07% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Ericsson (ADR) Last issued its quarterly earnings results on Jan 26, 2017. The company reported $0.62 EPS for the quarter, missing the analyst consensus estimate by $ -0.26. Analyst had a consensus of $0.88. The company had revenue of $65200.00 million for the quarter, compared to analysts expectations of $59001.66 million. The companys revenue was down -11.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.50 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Ericsson (ADR) was Upgraded by Charter Equity to Mkt Perform on Jan 27, 2017. Ericsson (ADR) was Downgraded by Goldman to Sell on Jan 19, 2017. Ericsson (ADR) was Upgraded by BofA/Merrill to Buy on Dec 16, 2016.
Ericsson (NASDAQ:ERIC) stock ended Friday session in the red zone in a volatile trading. The stock closed down 0.07 points or 1.19% at $5.8 with 2,485,478 shares getting traded. Post opening the session at $5.84, the shares hit an intraday low of $5.79 and an intraday high of $5.85 and the price was in this range throughout the day. The company has a market cap of $18,960 million and the number of outstanding shares has been calculated to be 3,269,000,000 shares. The 52-week high of Ericsson (NASDAQ:ERIC) is $10.2 and the 52-week low is $4.83.
Ericsson is a world-leading supplier in the fast-growing and dynamic telecommunications and data communications industry, offering advanced communications solutions for mobile and fixed networks, as well as consumer products. The company is a total solutions supplier for all customer segments: network operators and service providers, enterprises and consumers. The company has the worlds largest customer base in the telecommunications field.