Allspring Multi-Sector Income Fund (ERC) |
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9.09 0.01 (0.11%)
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03-22 15:28 |
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Open: |
9.08 |
Pre. Close: |
9.08 |
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High:
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9.159 |
Low:
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9.07 |
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Volume:
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44,838 |
Market Cap:
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255(M) |
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Technical analysis |
as of: 2023-03-22 3:17:33 PM |
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Overall:
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| 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) |
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Price, moving averages and Bollinger Bands |
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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. |
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Stock Price Prediction |
Update at 5:00pm EST |
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If tomorrow:
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Open lower
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Open higher
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High:
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9.12 - 9.16 |
9.16 - 9.19 |
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Low:
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8.98 - 9.02 |
9.02 - 9.06 |
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Close:
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9.01 - 9.08 |
9.08 - 9.14 |
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Company Description |
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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
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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. |
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Stock Basics & Statistics |
| Exchange: NYSE |
| Sector: Financial Services |
| Industry: Asset Management |
| Shares Out. |
28 (M) |
| Shares Float |
0 (M) |
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% Held by Insiders
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0 (%) |
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% Held by Institutions
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26.1 (%) |
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Shares Short
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280 (K) |
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Shares Short P.Month
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301 (K) |
Stock Financials |
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EPS
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2.88 |
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EPS Est Next Qtl
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0 |
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EPS Est This Year
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0 |
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EPS Est Next Year
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0 |
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Book Value (p.s.)
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12.88 |
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Profit Margin (%)
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299.6 |
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Operating Margin (%)
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87.9 |
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Return on Assets (ttm)
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3 |
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Return on Equity (ttm)
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23.2 |
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Qtrly Rev. Growth
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-13.9 |
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Gross Profit (p.s.)
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1.03 |
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Sales Per Share
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0.96 |
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EBITDA (p.s.)
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0 |
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Qtrly Earnings Growth
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0 |
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Operating Cash Flow
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41 (M) |
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Levered Free Cash Flow
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26 (M) |
Stock Valuations |
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PE Ratio
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3.14 |
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PEG Ratio
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0 |
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Price to Book value
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0.7 |
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Price to Sales
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9.44 |
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Price to Cash Flow
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6.18 |
Stock Dividends |
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Dividend
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0 |
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Forward Dividend
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0 |
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Dividend Yield
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0% |
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Dividend Pay Date
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2019-02-28 |
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Ex-Dividend Date
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2021-07-11 |
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