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First Trust/Abrdn Global Opportunity Income Fund (FAM)
5.99  0 (0%)    12-06 15:58
Open: 5.99
High: 6.05
Volume: 14,802
  
Pre. Close: 5.99
Low: 5.99
Market Cap: 61(M)
Technical analysis
2023-12-06 4:21:18 PM
Short term     
Mid term     
Targets 6-month :  7.15 1-year :  8.36
Resists First :  6.13 Second :  7.15
Pivot price 5.94
Supports First :  5.73 Second :  5.48
MAs MA(5) :  6 MA(20) :  5.88
MA(100) :  5.86 MA(250) :  5.92
MACD MACD :  0 Signal :  0
%K %D K(14,3) :  70.3 D(3) :  76.2
RSI RSI(14): 63.1
52-week High :  6.55 Low :  5.38
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 NEUTRAL in mid-long term.
[ FAM ] has closed below upper band by 35.3%. Bollinger Bands are 15% narrower 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: 6.05 - 6.08 6.08 - 6.11
Low: 5.92 - 5.95 5.95 - 5.98
Close: 5.94 - 5.99 5.99 - 6.04
Company Description

First Trust/Abrdn Global Opportunity Income Fund is a closed-ended fixed income mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Aberdeen Asset Management Inc. The fund invests in the fixed income markets across the globe. It primarily invests in investment grade and below-investment grade government and corporate debt securities. The fund benchmarks the performance of its portfolio against the Barclays Capital Global Emerging Markets Index, Barclays Capital Global Aggregate Index and a blended index comprising of 40% of the Citigroup World Government Bond Index, 30% of the JPMorgan Emerging Markets Bond Index – Global Diversified and 30% of the JPMorgan Global Bond Index - Emerging Markets Diversified. It invests in fixed income securities with average credit quality rating of BBB- or higher. First Trust/Abrdn Global Opportunity Income Fund was formed on November 23, 2004 and is domiciled in the United States.

Headline News

Wed, 06 Dec 2023
How To Trade First Trust/abrdn Global Opportunity Income Fund Of Beneficial Interest $FAM - Stock Traders Daily

Mon, 20 Nov 2023
First Trust/abrdn Global Opportunity Income Fund Declares its Monthly Common Share Distribution of $0.06 Per Share ... - Business Wire

Mon, 23 Oct 2023
abrdn's U.S. Closed-End Funds Announce Proposed Acquisition of Assets of Four First Trust Advised Closed-End Funds - Raleigh News & Observer

Fri, 23 Jun 2023
First Trust Closed-End Funds Announce Board's Decision to Rescind the Funds' Control Share By-Law - Business Wire

Thu, 07 Dec 2023

Thu, 07 Dec 2023

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).
Neutral
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.
Neutral
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Neutral
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
Shares Out 10 (M)
Shares Float 0 (M)
Held by Insiders 0 (%)
Held by Institutions 37.2 (%)
Shares Short 22 (K)
Shares Short P.Month 6 (K)
Stock Financials
EPS 0.7
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 6.82
Profit Margin 127.6 %
Operating Margin 77.9 %
Return on Assets (ttm) 2.9 %
Return on Equity (ttm) 10.5 %
Qtrly Rev. Growth 3.7 %
Gross Profit (p.s.) 0.54
Sales Per Share 0.55
EBITDA (p.s.) 0
Qtrly Earnings Growth 0 %
Operating Cash Flow 20 (M)
Levered Free Cash Flow 3 (M)
Stock Valuations
PE Ratio 8.43
PEG Ratio 0
Price to Book value 0.87
Price to Sales 10.75
Price to Cash Flow 3
Stock Dividends
Dividend 0.05
Forward Dividend 0
Dividend Yield 1%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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