There Is A Quest For Clarity Surrounding Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC) Volatility

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. The stock was recently discussed on Yahoo Finance as it revealed that Vonage Named Platinum Winner for Best CCaaS Solution at Telco Innovation Awards 2024.

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Stocks Info

This NASDAQ-listed company operates within the Communication Equipment industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $5.74 and fluctuated between $5.79 as its day high and $5.73 as its day low. The current market capitalization of Telefonaktiebolaget L M Ericsson ADR is $17.61B. A total of 12.27 million shares were traded on the day, compared to an average of 15.68M shares.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. ERIC’s most recent ex-dividend date was 4/4/2024 when it declared a $0.1293 quarterly dividend that was paid in cash on 3/17/2024. 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.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, ERIC has a high of $6.36 and a low of $4.33.

As of this writing, ERIC has an earnings estimate of $0.05 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.07 per share and a lower estimate of $0.04. The company reported an EPS of $0.08 in the last quarter, which was 14.30% higher than expectations of $0.07.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its 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 $2.94, 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 2.50.

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