(VIANEWS) – Shares of Ericsson (NASDAQ: ERIC) dropped by a staggering 20.27% in 14 days from $7.45 to $5.94 at 10:27 EST on Friday, after four sequential sessions in a row of losses. NASDAQ is falling 1.37% to $11,066.81, after three successive sessions in a row of losses.

Ericsson’s last close was $6.23, 51.25% under its 52-week high of $12.78.

About Ericsson

Telefonaktiebolaget LM Ericsson, together with its subsidiaries provides telecom infrastructure, services and software solutions for other industries. The company operates in four areas: Networks and Digital Services; Managed Services and Emerging Business and Other. Networks offers solutions to radio access networks in various spectrum bands. This includes integrated hardware and software. The segment offers integrated antennas and transport solutions, as well as a variety of services that cover network support and deployment. Digital Services offers software-based services for operational support, business support, communications, core networks and cloud infrastructure. Managed Services provides managed services for telecom operators, including network and IT management, optimization and application development. Emerging Business and Other includes iconectiv, Cradlepoint, which offers 5G and 4G wireless enterprise solutions, and Red Bee Media and MediaKind. The company operates internationally, including in North America and Europe, Latin America and South East Asia. Telefonaktiebolaget LM Ericsson, (publ), was established in 1876. It is headquartered at Stockholm in Sweden.

Volume

Today’s last reported volume for Ericsson is 1439718 which is 75.49% below its average volume of 5874787.

Ericsson’s Sales

Ericsson’s sales growth is a negative 4.8% for the present quarter and a decline by 8% for the next. The company’s growth estimates for the current quarter and the next is a negative 23.8% and a negative 36.1%, respectively.

Volatility

Ericsson’s last week, last month’s, and last quarter’s current intraday variation average was a negative 2.51%, a negative 0.67%, and a positive 1.73%, respectively.

Ericsson’s highest amplitude of average volatility was 2.65% (last week), 1.75% (last month), and 1.73% (last quarter), respectively.

Stock Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions,

Ericsson’s stock is considered to be overbought (>=80).

Ericsson’s Stock Yearly Top and Bottom Value

Ericsson’s stock is valued at $5.94 at 10:28 EST, way below its 52-week low of $6.67.

Ericsson’s Moving Average

Ericsson’s worth is way below its 50-day moving average of $7.36 and way below its 200-day moving average of $8.91.

More news about Ericsson (ERIC).

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