Mfs High Income Stock Today

CXE Stock  USD 3.73  0.03  0.80%   

Performance

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Odds Of Distress

Less than 5

 
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MFS High is trading at 3.73 as of the 18th of January 2025, a 0.8 percent decrease since the beginning of the trading day. The stock's lowest day price was 3.72. MFS High has under 5 % chance of experiencing financial distress over the next 2 years, but has generated negative returns over the last 90 days. The performance scores are derived for the period starting the 19th of December 2024 and ending today, the 18th of January 2025. Click here to learn more.
Business Domain
Financial Services
IPO Date
30th of June 1989
Classification
Financials
MFS High Income Municipal Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. MFS High Income Municipal Trust was formed on February 17, 1989 and is domiciled in United States. Colonial High is traded on New York Stock Exchange in the United States.. The company has 31.53 M outstanding shares of which 18.91 K shares are currently shorted by investors with about 0.16 days to cover. More on MFS High Income

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MFS Stock Highlights

ChairmanJohn Kavanaugh
Business ConcentrationAsset Management & Custody Banks, Financial Services, Financials, Capital Markets, Asset Management, Financial Services (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Net Debt75.4 M73.3 M
Fairly Up
Slightly volatile
Total Current Liabilities2.4 M2.9 M
Significantly Down
Slightly volatile
Non Current Liabilities Total68 M73.3 M
Significantly Down
Slightly volatile
Total Assets211.6 M189.3 M
Moderately Up
Slightly volatile
Total Current Assets4.5 M4.6 M
Sufficiently Down
Pretty Stable
Total Cash From Operating Activities12.1 M11.5 M
Sufficiently Up
Very volatile
Debt Levels
MFS High can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand MFS High's financial leverage. It provides some insight into what part of MFS High's total assets is financed by creditors.
Liquidity
MFS High Income has 81.46 M in debt with debt to equity (D/E) ratio of 0.68, which is OK given its current industry classification. MFS High Income has a current ratio of 1.98, which is typical for the industry and considered as normal. Note however, debt could still be an excellent tool for MFS to invest in growth at high rates of return.

Change In Cash

7.61 Million
MFS High Income (CXE) is traded on New York Stock Exchange in USA. It is located in 111 Huntington Avenue, Boston, MA, United States, 02199 and employs 30 people. MFS High is listed under Asset Management & Custody Banks category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a total capitalization of 117.59 M. MFS High Income runs under Capital Markets sector within Financials industry. The entity has 31.53 M outstanding shares of which 18.91 K shares are currently shorted by investors with about 0.16 days to cover. MFS High Income has about 7.42 K in cash with 10 M of positive cash flow from operations.
Check MFS High Probability Of Bankruptcy
Ownership Allocation
MFS High Income maintains a total of 31.53 Million outstanding shares. 30% of MFS High outstanding shares are owned by institutional investors. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Therefore, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check MFS Ownership Details

MFS High Historical Income Statement

At present, MFS High's Selling General Administrative is projected to decrease significantly based on the last few years of reporting. The current year's Income Tax Expense is expected to grow to about 5.9 M, whereas Gross Profit is forecasted to decline to about 2.1 M. View More Fundamentals

MFS Stock Against Markets

MFS High Corporate Management

James KilmanIndependent TrusteeProfile
Amanda MooradianAssistant Secretary, Assistant ClerkProfile
Susan PereiraAssistant Secretary, Assistant ClerkProfile
Laurie ThomsenIndependent TrusteeProfile
Robert ManningTrusteeProfile
When determining whether MFS High Income is a strong investment it is important to analyze MFS High's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact MFS High's future performance. For an informed investment choice regarding MFS Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in MFS High Income. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.
You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Is Asset Management & Custody Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MFS High. If investors know MFS will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MFS High listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.694
Dividend Share
0.161
Earnings Share
0.18
Revenue Per Share
0.32
Quarterly Revenue Growth
(0.03)
The market value of MFS High Income is measured differently than its book value, which is the value of MFS that is recorded on the company's balance sheet. Investors also form their own opinion of MFS High's value that differs from its market value or its book value, called intrinsic value, which is MFS High's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MFS High's market value can be influenced by many factors that don't directly affect MFS High's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MFS High's value and its price as these two are different measures arrived at by different means. Investors typically determine if MFS High is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MFS High's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.