Telefonaktiebolaget LM Ericsson (publ) (ERIC) Stock: Seeing Gains In Today’s Session

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Telefonaktiebolaget LM Ericsson (publ) (ERIC) is trending up in the market in today’s trading session. The stock, focused on the tech space, is presently priced at $10.39 after climbing 7.33% so far in today’s session. In terms of technology companies, there are a number of factors that have the ability to lead to gains in the market. One of the most common is news. Here are the most recent stories surrounding ERIC:

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Apr-17-19 04:29PM Why HEXO, Smart & Final Stores, and Ericsson Jumped Today
10:03AM Ericsson (ERIC) Q1 Earnings Beat Estimates, Revenues Up Y/Y
09:00AM Ericsson and Future Technologies Venture ink strategic cooperation agreement
07:40AM We won’t use price as a weapon to improve margins, Ericsson CEO says
05:25AM China growth sees mixed reaction in Europe markets

However, any time investors are making an investing decision, investors should focus on much more than news, this is especially the case in the ever changing technology sector. Here’s what’s happing when it comes to Telefonaktiebolaget LM Ericsson (publ).

Recent Trends From ERIC

Although a move toward the top in a single session, like the move that we’re seeing from Telefonaktiebolaget LM Ericsson (publ) may lead to excitement in some investors, a single session move by itself should not be the reason for a decision to, or not to, buy a company’s stock. It’s generally a good idea to dig into trends experienced by the stock beyond a single trading day. As it relates to ERIC, here are the returns that investors have experienced:

  • Past 7 Days – In the last 7 days, ERIC has seen a price change that amounts to 6.89%.
  • Past Month – The monthly performance from Telefonaktiebolaget LM Ericsson (publ) has been 7.67%.
  • Quarterly – Throughout the last three months, the company has produced a return that comes to 22.52%
  • Bi-Annually – Throughout the last six months, investors have seen a performance that equates to 24.58% from the stock.
  • YTD – Since the open of this year ERIC has produced a ROI of 17.14%.
  • Full Year – Lastly, throughout the last full year, investors have seen a change that works out to 59.36% out of ERIC. Over this period of time, the stock has sold at a high price of 5.06% and a low of 63.88%.

Ratios Of Note

Looking at various ratios associated with a company can give traders a view of just how dangerous and/or rewarding a pick may be. Below are a few of the key ratios to consider when looking at ERIC.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors have a belief that the price of the stock is headed for declines. In general, strong tech stocks can come with a lower short ratio. However, we also see a lot of short squeezes in the space. Nonetheless, as it relates to Telefonaktiebolaget LM Ericsson (publ), the stock’s short ratio amounts to 1.08.

Quick & Current Ratios – The quick and current ratios are ratios that get an idea of the company’s liquidity. Basically, they measure If a company is able to pay for its debts when they come due using quick assets or current assets. Because in tech, several companies rely heavily on continued support from investors as they work to bring new technologies to market, the current and quick ratios can seem bad. Nonetheless, several better companies in the tech sector come with good current and quick ratios. In terms of ERIC, the quick and current ratios work out to 1.20 and 1.50 respectively.  

Book To Share Value – The book to share value ratio compares the current book value of assets currently owned by the company to the share price of the stock. In this particular case, that ratio works out to 2.84.

Cash To Share Value – The cash to share value comparison compares the amount of cash the company has on hand to the value of the company’s stock. In terms of ERIC, the cash to share value works out to 1.45.

Moves From Big Money Players

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in ERIC, here’s what we’re seeing:

Institutions own 0 of the company. Institutional interest has moved by 0.01% over the past three months. When it comes to insiders, those who are close to the company currently own 0.90% percent of ERIC shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

What Analysts Think About Telefonaktiebolaget LM Ericsson (publ)

While it’s never a good idea to avoid doing your DD and blindly following the opinions of analysts, it is a smart idea to use their analysis when validating your own before making investment decisions in the tech space. Here are the most recent moves that we’ve seen from analysts as it relates to ERIC.

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Dec-20-18 Upgrade Raymond James Underperform → Mkt Perform
Oct-19-18 Upgrade Argus Hold → Buy
Sep-19-18 Upgrade Credit Suisse Underperform → Neutral
Sep-05-18 Upgrade JP Morgan Neutral → Overweight
Jul-25-18 Upgrade BofA/Merrill Underperform → Neutral

Financial Results And Expectations

What have ween seen from ERIC in terms of financial results?Here’s the information:

  • Analyst Expectations – At the moment, analysts are expecting that ERIC will generate EPS that totals up to be 0.51, with 0.05 being reported in the next financial report. Although this data isn’t earnings driven, since we are chatting on the topic of Wall Street analysts, the stock is currently graded as a 2.60 when rated on a scale from 1 to 5 on which 1 is the poorest possible Wall Street analyst rating and 5 is the best.
  • 5-Year Sales – Over the past 5 years, Telefonaktiebolaget LM Ericsson (publ) has announced a movement in sales that comes to a total of -1.50%. Earnings per diluted share in the period have experienced a change of -20.40%.
  • Quarter Over Quarter – when it comes to quarter over quarter earnings performance, or Q/Q data as it is generally explained in the world of humans, ERIC has created a change in earnings in the amount of 64.70%. ERIC has also experienced movement when it comes to sales in the amount of 10.20%.

Looking At Share Counts

Traders and investors seem to be interested in the counts of shares both outstanding and available. As far as Telefonaktiebolaget LM Ericsson (publ), there are currently 3.36B and there is a float of 3.28B. This means that out of the total of 3.36B shares of ERIC in existence today, 3.28B are available to trade hands by the public.

It’s also important to dig into the short float. After all, when a large portion of the float is sold short, the overall opinion in the market is that the company is headed for a deep dive. As far as ERIC, the short percentage of the float is currently 0.21%. Most traders believe that a concerning short percent of the float would be considered to be anything over 40%. In my research, I’ve seen that a short ratio over 26% is generally a play that comes with hefty risk.

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