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Abrdn Income Credit Strategies Fund (ACP)
6.48  0 (0%)    07-26 16:00
Open: 6.51
High: 6.52
Volume: 818,510
  
Pre. Close: 6.48
Low: 6.46
Market Cap: 338(M)
Technical analysis
2024-07-26 4:42:12 PM
Short term     
Mid term     
Targets 6-month :  7.93 1-year :  8.17
Resists First :  6.78 Second :  7
Pivot price 6.75
Supports First :  6.44 Second :  5.36
MAs MA(5) :  6.56 MA(20) :  6.74
MA(100) :  6.75 MA(250) :  6.68
MACD MACD :  -0.1 Signal :  -0.1
%K %D K(14,3) :  4.2 D(3) :  9.3
RSI RSI(14): 31.9
52-week High :  7.17 Low :  5.55
Price, MAs and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is BEARISH in short-term; and BEARISH in mid-long term.
[ ACP ] has closed above bottom band by 9.3%. Bollinger Bands are 90.2% wider than normal. The large width of the bands suggest high volatility as compared to its normal range. The bands have been in this wide range for 2 days. This is a sign that the current trend might continue.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 6.53 - 6.56 6.56 - 6.59
Low: 6.37 - 6.41 6.41 - 6.45
Close: 6.41 - 6.47 6.47 - 6.53
Company Description

Abrdn Income Credit Strategies Fund is a closed-ended fixed income fund launched and managed by Aberdeen Asset Managers Limited. It is co-managed by Aberdeen Standard Investments Inc. The fund invests in fixed income markets across the globe. It seeks to invest primarily in loan and debt instruments. Abrdn Income Credit Strategies Fund was formed on October 12, 2010 and is domiciled in the United States.

Headline News

Fri, 26 Jul 2024
abrdn Income Credit Strategies Fund Announces Update and Tentative Closing Date for Acquisition of Assets From First Trust/abrdn Global Opportunity Income Fund - AccessWire

Thu, 25 Jul 2024
First Trust Announces Results of Special Meeting of Shareholders Relating to the Reorganization of First Trust/abrdn Global Opportunity Income Fund with and into abrdn Income Credit Strategies Fund - StockTitan

Thu, 25 Jul 2024
16 Big Dividends We’re Avoiding Like Right Now - Contrarian Outlook

Mon, 22 Jul 2024
abrdn Income Credit Strategies Fund (ACP) and First Trust High Income Long/Short Fund (FSD) Announce Closing of Reorganization - StockTitan

Fri, 19 Jul 2024
(ACP) Trading Signals - Stock Traders Daily

Thu, 18 Jul 2024
Abrdn Income Credit Strategies Fund (NYSE:ACP) Stock Passes Above Two Hundred Day Moving Average of $6.77 - Defense World

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Neutral
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Outperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Underperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Outperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Outperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Neutral
Stock Basics & Statistics
Exchange:
NYSE
Sector:
Financial Services
Industry:
Asset Management - Income
Shares Out 52 (M)
Shares Float 0 (M)
Held by Insiders 0 (%)
Held by Institutions 17 (%)
Shares Short 2,400 (K)
Shares Short P.Month 1,260 (K)
Stock Financials
EPS 0.92
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 6.71
Profit Margin 109.2 %
Operating Margin 84.8 %
Return on Assets (ttm) 4.2 %
Return on Equity (ttm) 11.9 %
Qtrly Rev. Growth 32.2 %
Gross Profit (p.s.) 0
Sales Per Share 0.83
EBITDA (p.s.) 0
Qtrly Earnings Growth 72.6 %
Operating Cash Flow 213 (M)
Levered Free Cash Flow 25 (M)
Stock Valuations
PE Ratio 7.04
PEG Ratio 0
Price to Book value 0.96
Price to Sales 7.76
Price to Cash Flow 1.58
Stock Dividends
Dividend 0.1
Forward Dividend 0
Dividend Yield 1.5%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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