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Virtus Convertible & Income Fund (NCV)
3.05  -0.02 (-0.65%)    04-18 16:00
Open: 3.05
High: 3.09
Volume: 629,884
  
Pre. Close: 3.07
Low: 3.03
Market Cap: 276(M)
Technical analysis
2024-04-18 5:11:34 PM
Short term     
Mid term     
Targets 6-month :  3.76 1-year :  3.91
Resists First :  3.22 Second :  3.34
Pivot price 3.19
Supports First :  3.01 Second :  2.5
MAs MA(5) :  3.06 MA(20) :  3.22
MA(100) :  3.26 MA(250) :  3.25
MACD MACD :  -0.1 Signal :  -0.1
%K %D K(14,3) :  12.4 D(3) :  8.6
RSI RSI(14): 28
52-week High :  3.58 Low :  2.83
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.
[ NCV ] has closed above bottom band by 13.4%. Bollinger Bands are 129.2% 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 3 days. This is a sign that the current trend might continue.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 3.09 - 3.11 3.11 - 3.13
Low: 2.99 - 3.01 3.01 - 3.03
Close: 3.02 - 3.05 3.05 - 3.08
Company Description

Virtus Convertible & Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S. LLC. It invests in fixed income markets of the United States. The fund primarily invests in convertible securities and non-convertible high-yield bonds rated below investment grade. It invests in securities with a broad range of maturities, with a weighted average maturity ranging between five to ten years. The fund employs fundamental analysis with a bottom up stock picking approach to create its portfolio. It conducts in house research using proprietary models. The fund was formerly known as AGIC Convertible & Income Fund. Virtus Convertible & Income Fund was formed on March 31, 2003 and is domiciled in the United States.

Headline News

Wed, 17 Apr 2024
Virtus Diversified Income & Convertible Fund Discloses Sources of Distribution – Section 19(a) Notice - Business Wire

Mon, 01 Apr 2024
NIE: This CEF Is A Surprisingly Good Equity/Convertible Offering From Virtus (NYSE:NIE) - Seeking Alpha

Fri, 01 Mar 2024
Virtus Convertible & Income Fund II Announces Quarterly Distribution: 5.500% Series A Cumulative Preferred Shares - Business Wire

Fri, 01 Mar 2024
Two Virtus Closed-End Funds Announce Four Monthly Distributions: NCV, NCZ - Yahoo Finance

Wed, 07 Feb 2024
One-off Volkswagen Virtus convertible makes debut in Brazil - The Financial Express

Wed, 07 Feb 2024
Volkswagen Goes All Presidential, Unveils One-Off Convertible for Brazil's Head of State - autoevolution

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 90 (M)
Shares Float 0 (M)
Held by Insiders 0 (%)
Held by Institutions 22.5 (%)
Shares Short 31 (K)
Shares Short P.Month 40 (K)
Stock Financials
EPS 0.09
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 3.68
Profit Margin 34.3 %
Operating Margin 82.8 %
Return on Assets (ttm) 2 %
Return on Equity (ttm) 1.8 %
Qtrly Rev. Growth -2.5 %
Gross Profit (p.s.) 0
Sales Per Share 0.27
EBITDA (p.s.) 0
Qtrly Earnings Growth 0 %
Operating Cash Flow 128 (M)
Levered Free Cash Flow 72 (M)
Stock Valuations
PE Ratio 33.88
PEG Ratio 0
Price to Book value 0.82
Price to Sales 11.2
Price to Cash Flow 2.14
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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