The market has been high on Telefonaktiebolaget LM Ericsson (ERIC) stock recently. ERIC gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With ERIC Stock Today?
Telefonaktiebolaget LM Ericsson (ERIC) stock is lower by -0.86% while the S&P 500 has risen 0.12% as of 2:29 PM on Tuesday, Jan 26. ERIC has fallen -$0.10 from the previous closing price of $12.23 on volume of 9,367,528 shares. Over the past year the S&P 500 has gained 19.00% while ERIC has risen 47.03%. ERIC earned $0.52 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 23.14.
To see InvestorsObserver's Sentiment Score for Telefonaktiebolaget LM Ericsson click here.
More About Telefonaktiebolaget LM Ericsson
Ericsson is leading supplier within the telecommunications equipment sector. The company's three major operating segments are networks, digital services, and managed services. Ericsson sells hardware, software, and services primarily to communication service providers while licensing patents to handset manufacturers. The Stockholm, Sweden-based company derives sales worldwide and had 95,000 employees as of June.
Click Here to get the full Stock Score Report on Telefonaktiebolaget LM Ericsson (ERIC) Stock.
