What Are The Chances Of Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NASDAQ listed company, ERIC falls under the Technology sector while operating within the Communication Equipment industry segment. The current market capitalization of Telefonaktiebolaget L M Ericsson ADR is $23.09B. A total of 9.23 million shares were traded on the day, compared to an average of 17.51M shares.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. ERIC’s most recent ex-dividend date was 10/2/2024 when it declared a $0.1293 quarterly dividend that was paid in cash on 10/2/2024. Previously, the company paid the dividend on 10/4/2023 with an ex-dividend date of 9/28/2023. The ERIC stock dividend was $0.0820 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, ERIC has a high of $7.83 and a low of $4.33.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. ERIC’s latest balance sheet shows that the firm has $69.70B in Cash & Short Term Investments as of fiscal 2021. There were $41.13B in debt and $126.95B in liabilities at the time. Its Book Value Per Share was $2.38, while its Total Shareholder’s Equity was $107.10B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ERIC is Buy with a score of 2.30.

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