Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) stock closed at $7.62 on 1/24/25 after a major decline of -14.4%. Moreover, trading volume in this decline was exceptionally high at 260% of normal. The stock has declined -10.8% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Telefonaktiebolaget LM Ericsson has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Telefonaktiebolaget LM Ericsson has a slightly negative Appreciation Score of 33 but a good Power Rating of 81, with the Neutral Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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