RiverNorth Managed Duration Municipal Income Fund Inc (RMM) Stock Forecast
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Based on the RiverNorth Managed Duration Municipal Income Fund Inc stock forecast from 0 analysts, the average analyst target price for RiverNorth Managed Duration Municipal Income Fund Inc is not available over the next 12 months. RiverNorth Managed Duration Municipal Income Fund Inc’s average analyst rating is not available. Stock Target Advisor’s own stock analysis of RiverNorth Managed Duration Municipal Income Fund Inc is Bearish, which is based on 2 positive signals and 6 negative signals. At the last closing, RiverNorth Managed Duration Municipal Income Fund Inc’s stock price was USD 14.59. RiverNorth Managed Duration Municipal Income Fund Inc’s stock price has changed by -6.29% over the past week, -5.81% over the past month and +1.18% over the last year.
No recent analyst target price found for RiverNorth Managed Duration Municipal Income Fund Inc
No recent average analyst rating found for RiverNorth Managed Duration Municipal Income Fund Inc
Company Overview RiverNorth Managed Duration Municipal Income Fund Inc
Rivernorth Managed Duration Municipal Income Fund Inc. is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC. The fund is co-managed by MacKay Shields LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal debt securities. It seeks to invest in securities of any maturity. The fund employs a combination of fundamental and quantitative analysis. It benchmarks the performance of its portfolio against the Bloomberg Barclays Municipal Bond Index. The fund employs proprietary research to create its portfolio. Rivernorth Managed Duration Municipal Income Fund Inc. was formed on July 26, 2019 and is domiciled in the United States. Read Less
Rivernorth Managed Duration Municipal Income Fund Inc. is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC. The fund is co-managed by MacKay Shields LLC. It invests in the fixed income markets of the United States. The fund primar...Read More
Frequently Asked Questions About RiverNorth Managed Duration Municipal Income Fund Inc (RMM) Stock
Stock Target Advisor's fundamental analysis for RiverNorth Managed Duration Municipal Income Fund Inc's stock is Bearish.
RMM stock's dividend yield is 8.50%.
Our analysis grades RMM stock's dividend yield at D-. This means that RMM stock's dividend yield is above 61% of the stocks in the Asset Management sector in the NYE exchange.
Based on this RMM may be a average dividend stock for its sector.
Unfortunately we do not have enough data on RMM's stock to indicate what its average analyst target is.
RMM stock's Price/Earning ratio is 12.27.
Our analysis grades RMM stock's Price / Earning ratio at F. This means that RMM stock's Price/Earning ratio is above 55.00000000000001% of the stocks in the Asset Management sector in the NYE exchange.
Based on this RMM may be a overvalued for its sector.
The last closing price of RMM's stock was USD 14.59.
The most recent market capitalization for RMM is USD 0.31B.
Unfortunately we do not have enough analyst data on RMM's stock to indicate whether its price will go up or not.
We can't find any ETFs which contains RiverNorth Managed Duration Municipal Income Fund Inc's stock.
As per our most recent records RiverNorth Managed Duration Municipal Income Fund Inc has 0 Employees.
RiverNorth Managed Duration Municipal Income Fund Inc's registered address is 325 North LaSalle Street, Chicago, IL, United States, 60654.
You can get more information about it from RiverNorth Managed Duration Municipal Income Fund Inc's website at https://www.rivernorth.com/closed-end-funds/rmm.
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Stock Target Advisor's Analysis
This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.
What to like
Low volatility
The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
What not to like
Overpriced compared to book value
The stock is trading high compared to its peers median on a price to book value basis.
Overpriced compared to earnings
The stock is trading high compared to its peers on a price to earning basis and is above the sector median.
Below median dividend returns
The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.
Low market capitalization
This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.
Low Revenue Growth
This stock has shown below median revenue growth in the previous 5 years compared to its sector
Low Earnings Growth
This stock has shown below median earnings growth in the previous 5 years compared to its sector
Frequently Asked Questions About RiverNorth Managed Duration Municipal Income Fund Inc (RMM) Stock
Stock Target Advisor's fundamental analysis for RiverNorth Managed Duration Municipal Income Fund Inc's stock is Bearish.
RMM stock's dividend yield is 8.50%.
Our analysis grades RMM stock's dividend yield at D-. This means that RMM stock's dividend yield is above 61% of the stocks in the Asset Management sector in the NYE exchange.
Based on this RMM may be a average dividend stock for its sector.
Unfortunately we do not have enough data on RMM's stock to indicate what its average analyst target is.
RMM stock's Price/Earning ratio is 12.27.
Our analysis grades RMM stock's Price / Earning ratio at F. This means that RMM stock's Price/Earning ratio is above 55.00000000000001% of the stocks in the Asset Management sector in the NYE exchange.
Based on this RMM may be a overvalued for its sector.
The last closing price of RMM's stock was USD 14.59.
The most recent market capitalization for RMM is USD 0.31B.
Unfortunately we do not have enough analyst data on RMM's stock to indicate whether its price will go up or not.
We can't find any ETFs which contains RiverNorth Managed Duration Municipal Income Fund Inc's stock.
As per our most recent records RiverNorth Managed Duration Municipal Income Fund Inc has 0 Employees.
RiverNorth Managed Duration Municipal Income Fund Inc's registered address is 325 North LaSalle Street, Chicago, IL, United States, 60654.
You can get more information about it from RiverNorth Managed Duration Municipal Income Fund Inc's website at https://www.rivernorth.com/closed-end-funds/rmm.
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