Still Has A Lot Of Growth Potential: Telefonaktiebolaget LM Ericsson (publ) (ERIC)

Wall Street analysts will be watching closely when Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) reports its quarterly earnings next, which is scheduled for Fri 19 Apr (In 67 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at $0.05 per share. In the preceding quarter, the company reportedly generated EPS of -$0.05 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of -10.90%, a profit margin of -11.70% and a gross margin of 35.20%.

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC). Most recently, on December 20th, 2018, Raymond James Upgrade a Mkt Perform rating. Before that, on October 19th, 2018, Argus Upgrade to Buy. Credit Suisse Upgrade a Neutral rating on September 19th, 2018, JP Morgan Upgrade an Overweight rating on September 5th, 2018, and BofA/Merrill Upgrade a Neutral rating on July 25th, 2018.

At its current price point, combined with the fact that this company has 3.30B shares outstanding, the current market capitalization sits at 29.38B. In the last trading day, 5,179,535 shares of Telefonaktiebolaget LM Ericsson (publ) were traded, which compares to its usual volume of about 6.03M shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by $0.05 in the past five trading days, resulting in a percentage change of +0.57% and a moving average of 8.80. In the past 20 days, its price changed by $0.36 (which is +4.22%) and the stock’s moving average was 8.69. Looking back a full 50 days, shares of ERIC changed by $0.64 (which is +7.76%) and demonstrated a moving average of 8.69.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 41.23%, a 14-day Stochastic %K score of 56.49% and a 20-day Stochastic %K score of 57.26%. Using a similar metric, Telefonaktiebolaget LM Ericsson (publ) (ERIC) shares showed a Stochastic %D of 35.55% over the past 9 days, a Stochastic %D score of 55.30% over the last 14 days, and a 20-day Stochastic %D of 54.14%. Meanwhile, this stock’s MACD Oscillator was -0.04 over the past 9 days, 0.01 over the past two weeks, and 0.11 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $8.89 level. Over the past 12 months, this stock has experienced a high price of $9.45 and a low of $6.00. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

PRIMECAP Management Co purchased more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 132,741,106 shares of the company’s stock following the addition of 1,143,200 to this investor’s holdings during the three-month period. This share count represents that PRIMECAP Management Co now held 4.32% stake in Telefonaktiebolaget LM Ericsson (publ) (ERIC)’s shares.

Just in the most recent trading day, Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) experienced a high price of $8.97 and low point of $8.82. At the end of the last trading session, this stock was at 8.89 per share, following a gain of $0.13, or 1.25% during the full day.