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Wells Fargo Advantage Funds - Allspring Income Opportunities Fund (EAD)

6.215   0.035 (0.57%) 03-22 14:27
Open: 6.2 Pre. Close: 6.18
High: 6.245 Low: 6.17
Volume: 134,530 Market Cap: 371(M)

Technical analysis

as of: 2023-03-22 2:16:55 PM
Stoxline posted a BUY today, upgraded from lower rating. Upward movement to be expected.
Target: Six months: 7.58     One year: 7.88
Support: Support1: 6.09    Support2: 5.06
Resistance: Resistance1: 6.49    Resistance2: 6.75
Pivot: 6.39
Moving Average: MA(5): 6.17     MA(20): 6.45
MA(100): 6.61     MA(250): 6.8
MACD: MACD(12,26): -0.2     Signal(9): -0.2
Stochastic oscillator: %K(14,3): 14.2     %D(3): 9.5
RSI: RSI(14): 35.9
52-week: High: 8.17  Low: 5.96
Average Vol(K): 3-Month: 167 (K)  10-Days: 186 (K)

Price, moving averages and Bollinger Bands

Price has closed above 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 NEUTRAL in short-term; and NEUTRAL in mid-long term.
[ EAD ] has closed above bottom band by 32.4%. Bollinger Bands are 79% 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 5 days. This is a sign that the current trend might continue.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 6.23 - 6.26 6.26 - 6.29
Low: 6.08 - 6.11 6.11 - 6.14
Close: 6.12 - 6.18 6.18 - 6.23

Company Description

Wells Fargo Advantage Funds - Allspring Income Opportunities Fund is a closed-ended fixed income mutual fund launched and managed by Wells Fargo Funds Management, LLC. It is co-managed by Wells Capital Management Incorporated. The fund invests in the fixed income markets of the United States. It primarily invests in below investment grade debt securities, high-yield debt securities, loans and preferred stocks rated Ba or lower by Moody's Investors Service, Inc. or BB or lower by Standard & Poor's Ratings Group. The fund benchmarks the performance of its portfolio against Merrill Lynch High Yield Index. Wells Fargo Advantage Funds - Allspring Income Opportunities Fund was formed on February 26, 2003 and is domiciled in the United States.

Headline News

Wed, 22 Mar 2023
United Development Funding IV (OTCMKTS:UDFI) Share Price ... - Defense World

Wed, 22 Mar 2023
Wells Fargo Advantage Funds – Allspring Income Opportunities ... - Defense World

Wed, 22 Mar 2023
CVW CleanTech (OTCMKTS:TITUF) Stock Price Crosses Below Two ... - Defense World

Wed, 22 Mar 2023
Energy Services of America (OTCMKTS:ESOA) Shares Pass Below ... - Defense World

Fri, 17 Mar 2023
Allspring Income Opportunities Fund (EAD) Stock Price Today ... - Seeking Alpha

Thu, 02 Jun 2022
Why We Are Buying 7-10% Yielding Corporate Credit - Seeking Alpha

Financial Analysis

Price to Book Value: Outperform
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Underperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Underperform
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Neutral
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NYSE
Sector:  Financial Services
Industry:  Asset Management
Shares Out. 61 (M)
Shares Float 0 (M)
% Held by Insiders 0 (%)
% Held by Institutions 30.2 (%)
Shares Short 62 (K)
Shares Short P.Month 27 (K)

Stock Financials

EPS 2.27
EPS Est Next Qtl 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 9.15
Profit Margin (%) 346.7
Operating Margin (%) 87.4
Return on Assets (ttm) 3
Return on Equity (ttm) 27.2
Qtrly Rev. Growth -4.5
Gross Profit (p.s.) 0.65
Sales Per Share 0.65
EBITDA (p.s.) 0
Qtrly Earnings Growth 0
Operating Cash Flow 13 (M)
Levered Free Cash Flow 42 (M)

Stock Valuations

PE Ratio 2.73
PEG Ratio 0
Price to Book value 0.68
Price to Sales 9.5
Price to Cash Flow 29.37

Stock Dividends

Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date 2019-02-28
Ex-Dividend Date 2021-07-11
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