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

Charts for Today's Stock Price and Implied Volatility in Telefonaktiebolaget L M

17-Apr-2024

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30-Day Implied Volatility | IV30 Full Chart

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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 facilitate mobile networks through operations in three segments: networks, cloud and software services, and enterprises. The firm's customers have historically been primarily wireless carriers, but the firm is making a push to cater more to other enterprises as well, both as they try to take advantage of 5G capabilities and on other "as-a-service" communications platforms. The company also licenses its patents to handset manufacturers so their devices are compatible with wireless networks.

What symbol and exchange does Telefonaktiebolaget L M stock 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 April 17, 2024, ERIC stock price climbed to $4.93 with 25,217,312 million shares trading.

What is Telefonaktiebolaget L M's Beta?

ERIC has a beta of 1.14, meaning it tends to be more sensitive to market movements. ERIC has a correlation of 0.18 to the broad based SPY ETF.

How much is Telefonaktiebolaget L M worth?

ERIC has a market cap of $16.42 billion. This is considered a Large Cap stock.

How much money does Telefonaktiebolaget L M make?

Last quarter Telefonaktiebolaget L M reported $5 billion in Revenue and $.07 earnings per share. This fell short of revenue expectation by $-209 million and exceeded earnings estimates by $.02.

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

In the last 3 years, ERIC stock traded as high as $14.39 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): FIVG, TDIV, AIQ, FTLS, AVDE.

Is Telefonaktiebolaget L M (ERIC) a good investment?

ERIC has underperformed the market in the last year with a price return of -13.1% while the SPY ETF gained +23.0%. ERIC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -17.1% and -5.4%, respectively, while the SPY returned +5.7% and -3.5%, respectively.

What is the support and resistance for Telefonaktiebolaget L M (ERIC) stock price?

ERIC support price is $4.79 and resistance is $4.97 (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 stock will trade within this expected range on the day.