Large-cap Technology company Ericsson has logged a -1.5% change today on a trading volume of 4,393,803. The average volume for the stock is 10,644,716.
Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides communication infrastructure, services, and software solutions to the telecom and other sectors. Based in Stockholm, Sweden the company has 104,490 full time employees and a market cap of $20,123,736,064.
The company is now trading -18.55% away from its average analyst target price of $7.33 per share. The 6 analysts following the stock have set target prices ranging from $6.1 to $10.5, and on average give Ericsson a rating of hold.
Over the last year, ERIC shares have gone down by -46.9%, which represents a difference of -29.8% when compared to the S&P 500. The stock's 52 week high is $12.78 per share and its 52 week low is $5.16. Based on Ericsson's average gross margin growth of 7.8% over the last four years, its core business remains strong and the stock price may recover in the long term.
| Date Reported | Revenue ($ MM) | Cost of Revenue ($ MM) | Gross Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2021-12-31 | 232,314 | 131,565 | 43.37 | 7.54 |
| 2020-12-31 | 232,390 | 138,666 | 40.33 | 8.04 |
| 2019-12-31 | 227,216 | 142,392 | 37.33 | n/a |
