Stock To Watch: Ericsson (NASDAQ:ERIC)


The leading market experts have placed a mean price target of $8.08 on Ericsson (NASDAQ:ERIC) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.14 a share for the upcoming quarter and $0.61 for the current fiscal. Technical View The technical analysis of Ericsson plainly substantiates that the 50-day moving average of Ericsson is $7.68, and stock is hovering -0.01 or -0.07% distant from $7.68. It is noted that the 200-day MA is $8.89, and Ericsson stock is $-1.22 or -13.68% off from this point. Ericsson (NASDAQ:ERIC) 52-week high is $11.31 and the 52-week low is $7.21. This explains if the stock moves $-3.64, it will post a 52-week high. In event of $+6.38% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Ericsson, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Ericsson (NASDAQ:ERIC) ratio came in at 14.75. The stock last ended the trading session at $7.67 and registered a market cap of $24.99B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Ericsson (NASDAQ:ERIC) PEG ratio is at 1257.00.

1 Chart Pattern Every Investor Should Know

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