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How Is Ericsson Stock Performing in July 2017?

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Dec. 4 2020, Updated 10:50 a.m. ET

Stock returns

In the trailing-one-month period, Ericsson (ERIC) has generated returns of -1.1%. In the trailing-12-month period, the stock has fallen 2.4%. Ericsson’s stock has risen over 24% since the start of 2017 after falling 18% in 2015 and 37% in 2016. In the last five trading days, Ericsson stock rose 0.7% to close at $7.23 on July 5, 2017.

In comparison, US-based peers (SPY) Juniper Networks (JNPR), Cisco (CSCO), and Nokia (NOK) have generated returns of 28%, 9.8%, and 16%, respectively, in the trailing-12-month period.

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Moving averages

On July 5, 2017, Ericsson closed the trading day at $7.23 per share. Based on this figure, here’s how the stock fared in terms of its moving averages:

  • 8.6% above its 100-day moving average of $6.66
  • 4.6% above its 50-day moving average of $6.91
  • 1% above its 20-day moving average of $7.16

RSI and MACD

Ericsson’s moving average convergence divergence (or MACD) is 0.08. The MACD is the difference between a stock’s short-term and long-term moving averages. A positive MACD figure indicates an upward trading trend.

Ericsson’s 14-day RSI (relative strength index) is 56, which shows that its stock is somewhat overbought. Generally, if a firm’s RSI is above 70, it indicates that the stock has been overbought. An RSI under 30 suggests that a stock has been oversold.

Analyst recommendations

Out of the 12 analysts covering Ericsson (ERIC), three recommend a “buy,” and nine recommend a “hold.” There aren’t any “sell” recommendations.

Analysts recommended an average 12-month price target of $6.68 with a median target estimate of $6.40 for Ericsson. This suggests that Ericsson is trading at a premium of 11.5% to median target estimates.

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