Ericsson (ERIC) Trades Lower Mid-Morning: Telecom Giant Sees Price Fluctuation
NEW YORK, NY – Shares of the Swedish telecommunications giant Telefonaktiebolaget LM Ericsson (publ) (NASDAQ: ERIC) experienced a decline in late morning trading on the Nasdaq. As of approximately 11:57 AM EDT, the stock was priced at 0.09 or 1.40% from the previous close.
The stock opened the session at $6.68, slightly below its prior closing price of 6.64 to $6.80**, according to the latest data. The chart indicates a peak earlier in the morning session followed by a pullback towards the session lows.
Ericsson, a major player in 5G infrastructure and telecommunications equipment, continues to be actively traded. Today’s volume reached over 16.5 million shares by midday, trending slightly below its average volume of approximately 20.8 million shares. The stock’s 52-week range sits between $4.77 and $8.90, placing the current price within the lower half of that band.
From a valuation perspective, Ericsson carries an intraday market capitalization of roughly $22.992 billion. Its Beta (5Y Monthly) is 0.44, suggesting lower volatility relative to the broader market. The company’s trailing twelve-month **EPS (TTM) is currently 0.26 annually).
Analysts maintain a 1-year target estimate of $7.53 for Ericsson shares, indicating potential upside from the current trading level.
