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Allspring Multi-Sector Income Fund (ERC)
9.1  0.04 (0.44%)    01-15 16:00
Open: 9.16
High: 9.17
Volume: 131,940
  
Pre. Close: 9.06
Low: 9.065
Market Cap: 255(M)
Technical analysis
2025-01-15 7:44:37 PM
Short term     
Mid term     
Targets 6-month :  10.8 1-year :  12.61
Resists First :  9.25 Second :  10.8
Pivot price 9.06
Supports First :  8.97 Second :  8.81
MAs MA(5) :  9.1 MA(20) :  9.04
MA(100) :  9.21 MA(250) :  9.18
MACD MACD :  0 Signal :  0
%K %D K(14,3) :  56.8 D(3) :  62.3
RSI RSI(14): 51.5
52-week High :  9.6 Low :  8.77
Price, MAs and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently above 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 below upper band by 40.7%. Bollinger Bands are 9.8% wider than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 9.18 - 9.21 9.21 - 9.25
Low: 8.97 - 9.01 9.01 - 9.05
Close: 9.03 - 9.09 9.09 - 9.16
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

Tue, 14 Jan 2025
(ERC) Technical Data - Stock Traders Daily

Sat, 04 Jan 2025
(ERC) Investment Analysis and Advice - Stock Traders Daily

Fri, 27 Dec 2024
Allspring Announces Higher Monthly Distributions for Three Income-Focused Funds (EAD, ERC, ERH) - StockTitan

Fri, 27 Dec 2024
Allspring Closed-End Funds Declare Monthly Distributions - PR Newswire

Thu, 14 Nov 2024
Closed-end funds advised by Allspring Funds Management renew share repurchase programs - PR Newswire

Wed, 13 Nov 2024
Allspring Announces Increased Distributions for Closed-End Funds - PR Newswire

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.
Underperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Underperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Neutral
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Underperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Underperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Underperform
Stock Basics & Statistics
Exchange:
NYSE
Sector:
Financial Services
Industry:
Asset Management - Income
Shares Out 28 (M)
Shares Float 0 (M)
Held by Insiders 0 (%)
Held by Institutions 34 (%)
Shares Short 22 (K)
Shares Short P.Month 17 (K)
Stock Financials
EPS 0.81
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 9.85
Profit Margin 76.6 %
Operating Margin 91 %
Return on Assets (ttm) 4.1 %
Return on Equity (ttm) 8.2 %
Qtrly Rev. Growth 12.5 %
Gross Profit (p.s.) 0
Sales Per Share 1.06
EBITDA (p.s.) 0
Qtrly Earnings Growth 12 %
Operating Cash Flow 22 (M)
Levered Free Cash Flow 17 (M)
Stock Valuations
PE Ratio 11.23
PEG Ratio 0
Price to Book value 0.92
Price to Sales 8.57
Price to Cash Flow 11.65
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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