Shareholder returns and stock trends
Ericsson (ERIC) has generated investor returns of -31.0% in the trailing 12-month period and 11.7% in the trailing one-month period. In comparison, it generated -18.0% in 2015, -36.0% in 2016, and 9.4% YTD (year-to-date). ERIC stock has fallen 3.0% in the trailing five-day period.
Cisco Systems (CSCO), Juniper Networks (JNPR), and Europe-based (EFA) Nokia (NOK) are ERIC’s peers in the communications equipment subsector. They’ve generated returns of 11%, -12%, and 26%, respectively, in the trailing 12-month period.
On March 8, 2017, Ericsson closed the trading day at $6.38. Based on this figure, here’s how the stock fared in terms of its moving averages:
- 13.3% below its 100-day moving average of $5.63
- 6.4% above its 50-day moving average of $5.99
- 2.8% above its 20-day moving average of $6.21
MACD and RSI
The MACD (moving average convergence divergence) is the difference between a company’s short-term and long-term moving averages. Ericsson’s 14-day MACD is 0.17. This positive figure indicates an upward trading trend.
The company’s 14-day RSI (relative strength index) is 66, which shows that its stock is somewhat overbought. Generally, if an RSI is above 70, it indicates that a stock has been overbought. An RSI below 30 suggests that a stock has been oversold.
Of the 13 analysts covering Ericsson (ERIC), three recommended a “buy,” one gave it a “sell,” and nine recommended a “hold.”
Analysts’ stock price target for Ericsson is $6.54, with a median target estimate of $6.00. The company is trading at a premium of 6% to its median target.