With 41.59 million shares changed hands, the volume of the stock remained heavier than its average volume of 25.88 million shares. The 52-week range on ERIC shows that it touched its highest point at $8.90 and its lowest point at $5.55 during that stretch. It currently has a 1-year price target of $8.50. With its current market cap of 25.98 billion, ERIC has annualized dividend of $0.27 while the current yield stands at 3.22%. Beta for the stock currently stands at 0.96.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ERIC was up-trending over the past week, with a rise of 2.17%, but this was up by 4.83% over a month. Three-month performance surged to 6.95% while six-month performance rose 3.55%. The stock gained 57.84% in the past year, while it has gained 4.96% so far this year. A look at the trailing 12-month EPS for ERIC yields 0.05 with Next year EPS estimates of 0.60. For the next quarter, that number is 0.11. This implies an EPS growth rate of 62041.55% for this year and 4.60% for next year.
Float and Shares Shorts:
At present, 3.07 billion ERIC shares are outstanding with a float of 3.06 billion shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ERIC since 9 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 7 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.76352 being high and $0.69516 being low. For ERIC, this leads to a yearly average estimate of $0.71027.
