AVK

Advent Convertible and Income Fund [AVK] Stock Forecast

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RSI : 000

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In the News

05:35 11 Dec 2023 AVK

AVK: Good Concept, But Risky

The Advent Convertible & Income Fund offers a high yield of 14.12% and invests heavily in convertible securities, providing potential for capital appreciation. The AVK closed-end fund's YTD performance has been disappointing compared to the S&P 500, but distributions have offset the share price decline. The AVK fund's leverage of 47.44% increases volatility and poses risks, and its distribution may not be sustainable, potentially leading to a cut.

12:52 11 Dec 2023 AVK

AVK: Income Rising, But Leverage Remains Elevated

Advent Convertible & Income Fund has seen an increase in income generation but also elevated leverage, making it a riskier fund. The fund's distribution rate is high, hindering appreciation on the NAV level, which causes the leverage ratio to remain elevated, too. AVK's portfolio consists primarily of exposure to convertibles and high-yield securities, but it also has a relatively smaller weighting to the tech sector.

06:09 11 Dec 2023 AVK

AVK: Getting Closer To A More Attractive Valuation

Advent Convertible & Income Fund's discount has widened, making it more appealing, but it remains above its longer-term average. The fund's distribution yield is high at 12.69%, but the NAV rate is also elevated, which could be hard to earn. The environment for convertibles is becoming more attractive, with higher rates leading to higher yields being required when issued.

01:17 11 Dec 2023 AVK

CEF Insights: Convertible Securities Benefits And Opportunities In Today's Challenging Market

Convertible securities offer attractive yields with low duration while providing investors with the ability to participate in the potential for equity market returns. Advent Capital Management Partner and Senior Advisor, Barry Nelson, discusses opportunities in this sector.

05:08 11 Dec 2023 AVK

AVK: Discount Loosening Up

We last looked at AVK around 8 months ago when a reader asked my thoughts. Since then, the fund's discount has opened up a bit further, but it still isn't appealing.

06:18 11 Dec 2023 AVK

AVK: Highly Leveraged Convertibles CEF, 12% Yield

The Advent Claymore Convertible Securities & Income Fund - AVK - is a closed end fund focused on high yield and convertible securities. The high leverage the fund runs makes it volatile, with the 5-year standard deviation for AVK at 19.8.

04:32 11 Dec 2023 AVK

AVK: An Interesting Fund, But Not Great Valuation

AVK is an interesting convertible fund that also includes positions in high-yield bonds and some equities. The fund's distribution yield is an enticing 10.18%, but that could come under pressure through this rough market.

05:26 11 Dec 2023 AVK

CEF Insights: Convertibles - Upside Participation, Downside Protection

Cogent is a great business, and we think that it is a great model for Lumen.

11:30 11 Dec 2023 AVK

Evaluating CEFs: AVK Is Not The Best Pick In A Very Hot Sector

have looked at other CEFs that invest in convertible securities; AVK's 7.5% yield looks attractive if it can be sustained. I continue my series on CEFs looking beyond the yield.

12:19 11 Dec 2023 AVK

Convertibles CEF Sector Update

The convertibles sector had a tremendous 2020 on the back of a number of tailwinds such as outperformance in its sector tilts, high volatility, and falling rates. We take a look at the different options for investors in the sector across both open-end and closed-end funds.

AVK Financial details

Company Rating
-
Market Cap
365.66M
Income
-
Revenue
-
Book val./share
-
Cash/share
-
Dividend
1.41
Dividend %
13.31%
Employees
-
Optionable
No
Shortable
Yes
Earnings
-
P/E
-2.14
Forward P/E
-
PEG
-
P/S
-2.19
P/B
0.85
P/C
-
P/FCF
5.25
Quick Ratio
3.62
Current Ratio
3.62
Debt / Equity
0.82
LT Debt / Equity
0.82
-
-
EPS (TTM)
-
EPS next Y
-
EPS next Q
-
EPS this Y
-190.16%
EPS next Y
-
EPS next 5Y
-
EPS last 5Y
60.14%
Revenue last 5Y
65.82%
Revenue Q/Q
-
EPS Q/Q
-
-
-
-
-
SMA20
10%
SMA50
10%
SMA100
-8.33%
Inst Own
23.13%
Inst Trans
0.93%
ROA
-22%
ROE
-30%
ROC
-0.21%
Gross Margin
100%
Oper. Margin
96%
Profit Margin
102%
Payout
-56%
Shs Outstand
34.59M
Shs Float
34.43M
-
-
-
-
Target Price
-
52W Range
9.24-13.19
52W High
-18.32%
52W Low
+17.99%
RSI
63
Rel Volume
1.19
Avg Volume
124.08K
Volume
148.16K
Perf Week
-0.29%
Perf Month
13.81%
Perf Quarter
-7.02%
Perf Half Y
-8.3%
-
-
-
-
Beta
1.336
-
-
Volatility
0.09%, 0.26%
Prev Close
0.46%
Price
10.6188
Change
1.52%

AVK Financial Performance

Yearly Fundamentals Overview

Last date of statement is 2022-10-31

Metric History 2018-10-312019-10-312020-10-312021-10-31 2022-10-31
2.02K2.02K2.02K2.02K2.02K
Revenue per share
-0.391.661.265.61-4.85
Net income per share
-0.471.551.135.49-4.95
Operating cash flow per share
0.911.433.251.412.02
Free cash flow per share
0.911.433.251.412.02
Cash per share
00.020.010.020
Book value per share
16.216.4216.1720.1412.43
Tangible book value per share
16.216.4216.1720.1412.43
Share holders equity per share
16.216.4216.1720.1412.43
Interest debt per share
11.4711.689.819.6510.41
Market cap
480.94M508.25M466.82M663.62M404.19M
Enterprise value
867.95M894.61M790.48M986.99M753.2M
P/E ratio
-29.679.5412.053.5-2.37
Price to sales ratio
-36.038.9210.823.43-2.42
POCF ratio
15.2710.334.213.595.8
PFCF ratio
15.2710.334.213.595.8
P/B Ratio
0.860.90.840.950.94
PTB ratio
0.860.90.840.950.94
EV to sales
-65.0215.7118.335.1-4.5
Enterprise value over EBITDA
-117.4916.820.415.21-4.7
EV to operating cash flow
27.5618.187.1120.2110.81
EV to free cash flow
27.5618.187.1120.2110.81
Earnings yield
-0.030.10.080.29-0.42
Free cash flow yield
0.070.10.240.070.17
Debt to equity
0.690.690.580.470.81
Debt to assets
0.40.40.360.310.45
Net debt to EBITDA
-52.397.258.361.71-2.18
Current ratio
1.311.160.561.723.62
Interest coverage
-0.843.743.1620.37-15.35
Income quality
-1.940.922.870.26-0.41
Dividend Yield
0.070.10.10.070.24
Payout ratio
-1.940.911.250.26-0.56
Sales general and administrative to revenue
-0.10.030.040.01-0.01
Research and developement to revenue
00000
Intangibles to total assets
00000
Capex to operating cash flow
00000
Capex to revenue
00000
Capex to depreciation
00000
Stock based compensation to revenue
00000
Graham number
13.0823.9320.2849.8837.21
ROIC
-0.010.060.040.19-0.21
Return on tangible assets
-0.020.050.040.18-0.22
Graham Net
-11.3-11.37-9.96-9.27-9.92
Working capital
6.59M2.65M-12.31M15.53M11.3M
Tangible asset value
559.44M564.15M554.32M695.32M429.12M
Net current asset value
-383.24M-386.26M-337.55M-310.84M-338.61M
Invested capital
0.690.690.580.470.81
Average receivables
17.37M23.07M16.8M26.06M26.09M
Average payables
12.01M18.78M22.15M24.96M13.01M
Average inventory
00000
Days sales outstanding
-767.2115.83131.4468.94-34.03
Days payables outstanding
00000
Days of inventory on hand
00000
Receivables turnover
-0.483.152.785.29-10.72
Payables turnover
00000
Inventory turnover
00000
ROE
-0.030.090.070.27-0.4
Capex per share
00000

Quarterly Fundamentals Overview

Last date of statement is 2023-04-30 for Q2

Metric History 2021-04-302021-10-312022-04-302022-10-31 2023-04-30
2.02K2.02K2.02K2.02K2.02K
Revenue per share
00000
Net income per share
00000
Operating cash flow per share
00000
Free cash flow per share
00000
Cash per share
00000
Book value per share
00000
Tangible book value per share
00000
Share holders equity per share
00000
Interest debt per share
00000
Market cap
00000
Enterprise value
323.8M323.37M349.02M349.01M349.06M
P/E ratio
00000
Price to sales ratio
00000
POCF ratio
00000
PFCF ratio
00000
P/B Ratio
00000
PTB ratio
00000
EV to sales
00000
Enterprise value over EBITDA
00000
EV to operating cash flow
00000
EV to free cash flow
00000
Earnings yield
00000
Free cash flow yield
00000
Debt to equity
0.460.470.680.810.82
Debt to assets
0.310.310.390.450.44
Net debt to EBITDA
00000
Current ratio
1.211.720.993.621.69
Interest coverage
00000
Income quality
00000
Dividend Yield
00000
Payout ratio
00000
Sales general and administrative to revenue
00000
Research and developement to revenue
00000
Intangibles to total assets
00000
Capex to operating cash flow
00000
Capex to revenue
00000
Capex to depreciation
00000
Stock based compensation to revenue
00000
Graham number
00000
ROIC
00000
Return on tangible assets
00000
Graham Net
00000
Working capital
1.44M15.53M-111.81K11.3M6.68M
Tangible asset value
705.38M695.32M513.96M429.12M426.71M
Net current asset value
-324.09M-310.84M-350.31M-338.61M-344.87M
Invested capital
0.460.470.680.810.82
Average receivables
11.83M22.36M28.58M18.09M15.97M
Average payables
17.55M14.31M21.2M12.5M6.98M
Average inventory
00000
Days sales outstanding
00000
Days payables outstanding
00000
Days of inventory on hand
00000
Receivables turnover
00000
Payables turnover
00000
Inventory turnover
00000
ROE
00000
Capex per share
00000

AVK Frequently Asked Questions

What is Advent Convertible and Income Fund stock symbol ?

Advent Convertible and Income Fund is a US stock , located in New york of Ny and trading under the symbol AVK

What is Advent Convertible and Income Fund stock quote today ?

Advent Convertible and Income Fund stock price is $10.6188 today.

Is Advent Convertible and Income Fund stock public?

Yes, Advent Convertible and Income Fund is a publicly traded company.

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