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ERIC
Stock ticker: NASDAQ
AS OF
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Capitalization
16.68B

ERIC Ericsson Forecast, Technical & Fundamental Analysis

a provider of telecommunications equipment and related services to mobile and fixed network operators

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for ERIC with price predictions
07:00 PM EST Dec 05, 2023

ERIC in upward trend: 10-day moving average broke above 50-day moving average on November 16, 2023

The 10-day moving average for ERIC crossed bullishly above the 50-day moving average on November 16, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 18 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 02, 2023. You may want to consider a long position or call options on ERIC as a result. In of 96 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for ERIC just turned positive on November 02, 2023. Looking at past instances where ERIC's MACD turned positive, the stock continued to rise in of 53 cases over the following month. The odds of a continued upward trend are .

ERIC moved above its 50-day moving average on November 14, 2023 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ERIC advanced for three days, in of 283 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 143 cases where ERIC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ERIC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

ERIC broke above its upper Bollinger Band on December 04, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.606) is normal, around the industry mean (8.119). P/E Ratio (13.569) is within average values for comparable stocks, (81.525). Projected Growth (PEG Ratio) (1.646) is also within normal values, averaging (2.330). Dividend Yield (0.051) settles around the average of (0.042) among similar stocks. P/S Ratio (0.619) is also within normal values, averaging (22.982).

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. ERIC’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. ERIC’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock worse than average.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Cisco Systems (NASDAQ:CSCO), Hewlett Packard Enterprise Company (NASDAQ:HPE), Nokia Corp (NASDAQ:NOK), Ericsson (NASDAQ:ERIC), Juniper Networks (NASDAQ:JNPR), Ciena Corp (NASDAQ:CIEN), Lumentum Holdings (NASDAQ:LITE), CommScope Holding Company (NASDAQ:COMM), Casa Systems (NASDAQ:CASA).

Industry description

The Telecommunications Equipment industry produces voice and data communications equipment, which includes fiber optic delivery products, digital signal processors, high-speed voice, data and video delivery. Additionally, satellite systems, global positioning systems, wireless data systems, personal communications equipment, telephone handsets and payload equipment for satellites also fall into this category. Apple Inc., QUALCOMM Incorporated and Nokia are major global players in this segment.

Market Cap

The average market capitalization across the Telecommunications Equipment Industry is 4.02B. The market cap for tickers in the group ranges from 1.59K to 194.44B. CSCO holds the highest valuation in this group at 194.44B. The lowest valued company is ABILF at 1.59K.

High and low price notable news

The average weekly price growth across all stocks in the Telecommunications Equipment Industry was 2%. For the same Industry, the average monthly price growth was 6%, and the average quarterly price growth was -10%. MINM experienced the highest price growth at 219%, while TCCO experienced the biggest fall at -37%.

Volume

The average weekly volume growth across all stocks in the Telecommunications Equipment Industry was 28%. For the same stocks of the Industry, the average monthly volume growth was 65% and the average quarterly volume growth was 72%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 48
P/E Growth Rating: 65
Price Growth Rating: 55
SMR Rating: 78
Profit Risk Rating: 88
Seasonality Score: 32 (-100 ... +100)
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A.I. Advisor
published Earnings

ERIC is expected to report earnings to rise 42.86% to 10 cents per share on January 23

Ericsson ERIC Stock Earnings Reports
Q4'23
Est.
$0.10
Q3'23
Beat
by $0.03
Q2'23
Beat
by $0.02
Q1'23
Missed
by $0.01
Q4'22
Missed
by $0.04
The last earnings report on October 17 showed earnings per share of 7 cents, beating the estimate of 3 cents. With 15.51M shares outstanding, the current market capitalization sits at 16.68B.
A.I.Advisor
published Dividends

ERIC paid dividends on October 12, 2023

Ericsson ERIC Stock Dividends
А dividend of $0.25 per share was paid with a record date of October 12, 2023, and an ex-dividend date of September 28, 2023. Read more...
A.I. Advisor
published General Information

General Information

a provider of telecommunications equipment and related services to mobile and fixed network operators

Industry TelecommunicationsEquipment

Profile
Fundamentals
Details
Industry
Telecommunications Equipment
Address
Torshamnsgatan 21
Phone
+46 107190000
Employees
105529
Web
https://www.ericsson.com
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ERIC and

Correlation & Price change

A.I.dvisor indicates that over the last year, ERIC has been closely correlated with NOK. These tickers have moved in lockstep 78% of the time. This A.I.-generated data suggests there is a high statistical probability that if ERIC jumps, then NOK could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ERIC
1D Price
Change %
ERIC100%
+1.83%
NOK - ERIC
78%
Closely correlated
+0.33%
VIAV - ERIC
49%
Loosely correlated
+0.72%
JNPR - ERIC
45%
Loosely correlated
+0.21%
INFN - ERIC
37%
Loosely correlated
+4.01%
LITE - ERIC
37%
Loosely correlated
-1.50%
More

Groups containing ERIC

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ERIC
1D Price
Change %
ERIC100%
+1.83%
ERIC
(undefined stocks)
94%
Closely correlated
+1.08%
telecommunication equipment
(undefined stocks)
57%
Loosely correlated
+0.19%
5g
(undefined stocks)
53%
Loosely correlated
+0.47%
Telecommunications Equipment
(undefined stocks)
49%
Loosely correlated
+0.09%
mobile
(undefined stocks)
47%
Loosely correlated
+0.05%
More