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Allspring Multi-Sector Income Fund (ERC)
8.83  0 (0%)    04-19 16:00
Open: 8.81
High: 8.86
Volume: 63,828
  
Pre. Close: 8.83
Low: 8.81
Market Cap: 248(M)
Technical analysis
2024-04-19 5:09:12 PM
Short term     
Mid term     
Targets 6-month :  10.69 1-year :  10.97
Resists First :  9.15 Second :  9.39
Pivot price 9.05
Supports First :  8.76 Second :  7.29
MAs MA(5) :  8.8 MA(20) :  9.12
MA(100) :  9.33 MA(250) :  9.22
MACD MACD :  -0.2 Signal :  -0.2
%K %D K(14,3) :  8.3 D(3) :  5.9
RSI RSI(14): 21.3
52-week High :  9.73 Low :  8.51
Price, MAs 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 BEARISH in mid-long term.
[ ERC ] has closed above bottom band by 21.6%. Bollinger Bands are 196.9% 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
If tomorrow: Open lower Open higher
High: 8.87 - 8.91 8.91 - 8.95
Low: 8.7 - 8.75 8.75 - 8.79
Close: 8.75 - 8.83 8.83 - 8.9
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

Sun, 21 Apr 2024
(ERC) Investment Analysis - Stock Traders Daily

Sat, 06 Apr 2024
Wells Fargo Closed-End Funds Announce New Date for Fund Name Changes - The Globe and Mail

Thu, 28 Mar 2024
Allspring Closed-End Funds Declare Monthly Distributions - PR Newswire

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

Sun, 21 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 58.86
PEG Ratio 0
Price to Book value 0.89
Price to Sales 9.46
Price to Cash Flow 5.22
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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