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Allspring Multi-Sector Income Fund (ERC)

9.09   0.01 (0.11%) 03-22 15:28
Open: 9.08 Pre. Close: 9.08
High: 9.159 Low: 9.07
Volume: 44,838 Market Cap: 255(M)

Technical analysis

as of: 2023-03-22 3:17:33 PM
Stoxline posted a BUY today, same as yesterday. Upward movement continues.
Target: Six months: 11.3     One year: 11.79
Support: Support1: 8.98    Support2: 7.47
Resistance: Resistance1: 9.67    Resistance2: 10.1
Pivot: 9.35
Moving Average: MA(5): 9.05     MA(20): 9.46
MA(100): 9.69     MA(250): 9.64
MACD: MACD(12,26): -0.3     Signal(9): -0.3
Stochastic oscillator: %K(14,3): 7.2     %D(3): 6.1
RSI: RSI(14): 31.8
52-week: High: 10.65  Low: 8.27
Average Vol(K): 3-Month: 61 (K)  10-Days: 54 (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.
[ ERC ] has closed above bottom band by 28.7%. Bollinger Bands are 82.6% 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 6 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: 9.12 - 9.16 9.16 - 9.19
Low: 8.98 - 9.02 9.02 - 9.06
Close: 9.01 - 9.08 9.08 - 9.14

Company Description

Allspring Multi-Sector Income Fund is a closed-ended fixed income mutual fund launched and managed by Wells Fargo Funds Management, LLC. The fund is co-managed by First International Advisors, Inc. and Wells Capital Management Incorporated. It invests in fixed income markets across the globe. The fund primarily invests in a mix of non-investment-grade corporate debt securities, including bank loan securities, foreign and emerging markets debt securities, adjustable and fixed-rate mortgages, and investment-grade corporate bonds. Allspring Multi-Sector Income Fund was formed on June 25, 2003 and is domiciled in the United States.

Headline News

Fri, 17 Mar 2023
Wells Fargo Multi-Sector Income Fund (ERC) Stock Price Today ... - Seeking Alpha

Wed, 01 Mar 2023
Allspring Closed-End Funds Declare Monthly and Quarterly ... - PR Newswire

Fri, 27 Jan 2023
Allspring Closed-End Funds Declare Monthly Distributions - PR Newswire

Mon, 01 Nov 2021
Allspring Global Investments' Closed-End Funds Announce Close of ... - PR Newswire

Thu, 30 Sep 2021
Wells Fargo Closed-End Funds Announce New Date for Fund Name ... - Business Wire

Mon, 26 Jul 2021
Wells Fargo Closed-End Funds Announce Change of Name - Business Wire

Financial Analysis

Price to Book Value: Neutral
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: Neutral
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Neutral
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: Neutral
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. 28 (M)
Shares Float 0 (M)
% Held by Insiders 0 (%)
% Held by Institutions 26.1 (%)
Shares Short 280 (K)
Shares Short P.Month 301 (K)

Stock Financials

EPS 2.88
EPS Est Next Qtl 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 12.88
Profit Margin (%) 299.6
Operating Margin (%) 87.9
Return on Assets (ttm) 3
Return on Equity (ttm) 23.2
Qtrly Rev. Growth -13.9
Gross Profit (p.s.) 1.03
Sales Per Share 0.96
EBITDA (p.s.) 0
Qtrly Earnings Growth 0
Operating Cash Flow 41 (M)
Levered Free Cash Flow 26 (M)

Stock Valuations

PE Ratio 3.14
PEG Ratio 0
Price to Book value 0.7
Price to Sales 9.44
Price to Cash Flow 6.18

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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