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ERIC Stock Summary and Trading Ideas (Telefonaktiebolaget L M | NASDAQ:ERIC)

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Telefonaktiebolaget L M (ERIC) Frequently Asked Questions

What does Telefonaktiebolaget L M do?

Ericsson provides telecom equipment and services that are primarily used to build and operate mobile networks. The firm divides its business into three segments: networks, cloud and software services, and enterprise. Wireless carriers have traditionally been the firm's primary customers, but it is pushing to cater more to enterprises as well, as both try to take advantage of 5G capabilities and utilize "as-a-service" communications platforms. The company also licenses its patents to handset manufacturers.

What symbol and exchange does Telefonaktiebolaget L M shares trade?

Telefonaktiebolaget L M trades on the NASDAQ stock market under the symbol ERIC.

What is Telefonaktiebolaget L M stock price doing today?

As of February 7, 2025, ERIC stock price was flat at $7.55 with 9,389,576 million shares trading.

What is Telefonaktiebolaget L M's Beta?

ERIC has a beta of 0.39, meaning it tends to be less sensitive to market movements. ERIC has a correlation of 0.03 to the broad based SPY ETF.

How much is Telefonaktiebolaget L M worth?

ERIC has a market cap of $25.16 billion. This is considered a Large Cap stock.

How much money does Telefonaktiebolaget L M make?

Last quarter Telefonaktiebolaget L M reported $7 billion in Revenue and $.13 earnings per share. This fell short of revenue expectation by $-192 million and missed earnings estimates by -$.08.

What is the highest and lowest price Telefonaktiebolaget L M traded in the last 3 year period?

In the last 3 years, ERIC traded as high as $12.78 and as low as $4.33.

What are the top ETFs holding Telefonaktiebolaget L M?

The top ETF exchange traded funds that ERIC belongs to (by Net Assets): SIXG, AIQ, TDIV, AVDE, FENI.

Is Telefonaktiebolaget L M (ERIC) a good investment?

ERIC has outperformed the market in the last year with a return of +45.2%, while the SPY ETF gained +23.7%. However, in the most recent history, ERIC shares have underperformed the stock market with its stock returning -7.7% in the last 3 month period and -15.2% for the last 2 week period, while SPY has returned +2.5% and -1.0%, respectively.

What are the support and resistance levels for Telefonaktiebolaget L M (ERIC)?

ERIC support price is $7.42 and resistance is $7.68 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ERIC shares will trade within this expected range on the day.