Earnings is just around the corner for Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) as the firm is slated to issue their report on 10/21/2016 8:30:00 AM. The firm has most recently posted quarter over quarter growth of -24.60% and sales growth of -10.80% quarter over quarter.
In terms of the trend lines, Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) shares are currently -46.22% off of their 52-week high and 1.87% off from the 52-week low point. The stock is -31.99% from the 200-day moving average and -22.79% from the 50-day average. The Relative Strength Index for the stock stands at 18.48.
Increased volatility should be expected heading into and immediately after the Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) earnings report. According to the most recent data, the average true range stands at 0.22 which is a measure of the most recent volatility. The number is an exponential 14-day moving average of the True Ranges (range of each trading day’s high and low). The average volatility for the week stands at 2.86% and 1.65% for the past month. The relative volume (ratio between current volume and 3-month average) stands at 6.90.
So is there any potential upside for the stock if Telefonaktiebolaget LM Ericsson (publ) is able to meet or beat earnings? Analysts, on a consensus basis have a $6.80 on the stock, compared to a recent bid of $5.45. The average broker recommendation yields a score of 3.20, which is an integer based calculation from all of the buy, sell and hold recommendations from sell-side analysts.
Heading into the earnings report, 0.90% shares are held by company insiders. On the institutional front, 8.70% of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) are owned by firms or funds. Over the past few months, insider transactions have trended 0.00% while institutions saw a change of 0.43% in company stock.
Year to date, Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) holders have seen returns of -40.90%. Over the past month the stock moved -19.05% and most recently shares over the past five trading days have moved -23.60%.