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Allspring Multi-Sector Income Fund (ERC)
9.31  0.026 (0.28%)    09-13 16:00
Open: 9.3
High: 9.33
Volume: 71,240
  
Pre. Close: 9.2841
Low: 9.2703
Market Cap: 261(M)
Technical analysis
2024-09-14 4:53:17 PM
Short term     
Mid term     
Targets 6-month :  11.03 1-year :  12.89
Resists First :  9.44 Second :  11.03
Pivot price 9.36
Supports First :  9.23 Second :  9.1
MAs MA(5) :  9.34 MA(20) :  9.35
MA(100) :  9.11 MA(250) :  9.17
MACD MACD :  0 Signal :  0
%K %D K(14,3) :  32.3 D(3) :  36.4
RSI RSI(14): 50.8
52-week High :  9.6 Low :  8.51
Price, MAs and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently above mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is NEUTRAL in short-term; and BULLISH in mid-long term.
[ ERC ] has closed above bottom band by 10.3%. Bollinger Bands are 50.9% narrower than normal. The narrow width of the bands suggests low volatility as compared to its normal range. The bands have been in this narrow range for 7 bars. This is a sign that the market may be about to initiate a new trend.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 9.35 - 9.4 9.4 - 9.46
Low: 9.12 - 9.18 9.18 - 9.24
Close: 9.2 - 9.3 9.3 - 9.41
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, 03 Sep 2024
(ERC) Trading Signals - Stock Traders Daily

Mon, 01 Jul 2024
Allspring Utilities and High Income Fund, (ERH) CUSIP 94987E109, IMPORTANT NOTICE TO SHAREHOLDERS - PR Newswire

Wed, 05 Jun 2024
Allspring Global Investments Expands Remi SMA Platform - PR Newswire

Thu, 30 May 2024
Allspring Closed-End Funds Declare Monthly and Quarterly Distributions; Portfolio Manager Change on the Utilities and High Income Fund - PR Newswire

Thu, 14 Mar 2024
Three Allspring Global Investments PMs named to Morningstar's 2024 Top Female Fund Managers List - PR Newswire

Wed, 24 Jan 2024
Allspring Announces Change to Utilities and High Income Fund Portfolio Management Team - 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.
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 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 11.49
PEG Ratio 0
Price to Book value 0.94
Price to Sales 8.77
Price to Cash Flow 11.92
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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