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Allspring Multi-Sector Income Fund (ERC)
8.895  0.035 (0.4%)    04-26 15:59
Open: 8.89
High: 8.91
Volume: 83,835
  
Pre. Close: 8.86
Low: 8.885
Market Cap: 250(M)
Technical analysis
2024-04-26 4:41:45 PM
Short term     
Mid term     
Targets 6-month :  10.69 1-year :  10.96
Resists First :  9.15 Second :  9.39
Pivot price 8.94
Supports First :  8.77 Second :  7.29
MAs MA(5) :  8.9 MA(20) :  9.02
MA(100) :  9.31 MA(250) :  9.22
MACD MACD :  -0.2 Signal :  -0.2
%K %D K(14,3) :  23.7 D(3) :  26.2
RSI RSI(14): 35
52-week High :  9.73 Low :  8.51
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.
[ ERC ] has closed above bottom band by 42.0%. Bollinger Bands are 101.6% 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 11 days. This is a sign that the current trend might continue.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 8.91 - 8.96 8.96 - 9
Low: 8.78 - 8.83 8.83 - 8.87
Close: 8.82 - 8.89 8.89 - 8.97
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, 26 Apr 2024
Allspring Closed-End Funds Declare Monthly Distributions - PR Newswire

Sat, 06 Apr 2024
Wells Fargo Closed-End Funds Announce Change of Name - The Globe and Mail

Wed, 21 Feb 2024
Allspring Announces Change to Multi-Sector Income Fund Portfolio Management Team - PR Newswire

Wed, 15 Nov 2023
Closed-end funds advised by Allspring Funds Management renew share repurchase programs - PR Newswire

Fri, 26 Apr 2024

Fri, 26 Apr 2024

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).
Underperform
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.
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.
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 24.9 (%)
Shares Short 9 (K)
Shares Short P.Month 15 (K)
Stock Financials
EPS 0.15
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 9.81
Profit Margin 15.9 %
Operating Margin 91 %
Return on Assets (ttm) 3.4 %
Return on Equity (ttm) 1.4 %
Qtrly Rev. Growth 5.5 %
Gross Profit (p.s.) 0.9
Sales Per Share 0.93
EBITDA (p.s.) 0
Qtrly Earnings Growth 0 %
Operating Cash Flow 47 (M)
Levered Free Cash Flow 11 (M)
Stock Valuations
PE Ratio 59.29
PEG Ratio 0
Price to Book value 0.9
Price to Sales 9.52
Price to Cash Flow 5.26
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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