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The Gabelli Equity Trust Inc. (GAB)
5.48  0.04 (0.74%)    02-29 16:00
Open: 5.45
High: 5.49
Volume: 577,076
  
Pre. Close: 5.44
Low: 5.44
Market Cap: 1,640(M)
Technical analysis
2024-02-29 4:43:48 PM
Short term     
Mid term     
Targets 6-month :  6.41 1-year :  7.48
Resists First :  5.48 Second :  6.41
Pivot price 5.34
Supports First :  5.24 Second :  5.09
MAs MA(5) :  5.42 MA(20) :  5.31
MA(100) :  5.07 MA(250) :  5.36
MACD MACD :  0 Signal :  0
%K %D K(14,3) :  98.8 D(3) :  96
RSI RSI(14): 74.9
52-week High :  6 Low :  4.55
Price, MAs and Bollinger Bands

Price has closed above 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 BULLISH in short-term; and BULLISH in mid-long term.
[ GAB ] has closed below upper band by 0.5%. Bollinger Bands are 20.8% 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: 5.49 - 5.51 5.51 - 5.53
Low: 5.39 - 5.41 5.41 - 5.43
Close: 5.44 - 5.47 5.47 - 5.51
Company Description

The Gabelli Equity Trust Inc. is a closed ended equity mutual fund launched by GAMCO Investors, Inc. The fund is managed by Gabelli Funds, LLC. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in preferred stock, convertible or exchangeable securities, and warrants and rights. The fund primarily invests in value stocks of companies across market capitalizations. It employs fundamental analysis with a bottom-up stock picking approach to create its portfolio. The fund seeks to benchmarks the performance of its portfolio against the S&P 500 Index, Dow Jones Industrial Average, and Nasdaq Composite Index. The Gabelli Equity Trust Inc. was formed on August 21, 1986 and is domiciled in the United States.

Headline News

Mon, 26 Feb 2024
Janney Montgomery Scott LLC Cuts Stake in The Gabelli Equity Trust Inc. (NYSE:GAB) - AmericanBankingNEWS

Thu, 15 Feb 2024
Atria Wealth Solutions Inc. Decreases Stake in The Gabelli Equity Trust Inc. (NYSE:GAB) - Defense World

Thu, 15 Feb 2024
The Gabelli Equity Trust Inc. (NYSE:GAB) to Issue $0.15 Quarterly Dividend - MarketBeat

Wed, 14 Feb 2024
Gabelli Equity Trust 10% Distribution Policy Reaffirmed And Declared First Quarter Distribution Of $0.15 Per Share - ForexTV.com

Sun, 04 Feb 2024
Where are the Opportunities in (GAB.P.G) - Stock Traders Daily.com

Wed, 01 Nov 2023
GAB: Multi-Year Lows In The Premium For This Equity CEF - Seeking Alpha

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.
Outperform
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.
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.
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.
Underperform
Stock Basics & Statistics
Exchange:
NYSE
Sector:
Financial Services
Industry:
Asset Management
Shares Out 299 (M)
Shares Float 0 (M)
Held by Insiders 0.5 (%)
Held by Institutions 7.5 (%)
Shares Short 53 (K)
Shares Short P.Month 48 (K)
Stock Financials
EPS 1.11
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 5.3
Profit Margin 931.3 %
Operating Margin 37.7 %
Return on Assets (ttm) 0.4 %
Return on Equity (ttm) 16.7 %
Qtrly Rev. Growth 12.6 %
Gross Profit (p.s.) 0
Sales Per Share 0.11
EBITDA (p.s.) 0
Qtrly Earnings Growth 0 %
Operating Cash Flow 156 (M)
Levered Free Cash Flow 4 (M)
Stock Valuations
PE Ratio 4.93
PEG Ratio 0
Price to Book value 1.03
Price to Sales 48.64
Price to Cash Flow 10.52
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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