Pioneer Municipal High Stock Buy Hold or Sell Recommendation
| MHI Stock | USD 9.45 0.01 0.11% |
Considering the 90-day investment horizon and your highly speculative risk level, our recommendation regarding Pioneer Municipal High is 'Strong Buy'. The recommendation algorithm takes into account all of Pioneer Municipal's available fundamental, technical, and predictive indicators you will find on this site.
Check out Pioneer Municipal Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. In addition, we conduct extensive research on individual companies such as Pioneer and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Pioneer Municipal High. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.
Pioneer |
Execute Pioneer Municipal Buy or Sell Advice
The Pioneer recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Pioneer Municipal High. Macroaxis does not own or have any residual interests in Pioneer Municipal High or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Pioneer Municipal's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Buy
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | High | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Strong Sell | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Pioneer Municipal Trading Alerts and Improvement Suggestions
| Pioneer Municipal generated a negative expected return over the last 90 days | |
| Pioneer Municipal has high likelihood to experience some financial distress in the next 2 years | |
| Reported Net Loss for the year was (1.64 M) with profit before taxes, overhead, and interest of 16.8 M. | |
| About 66.0% of the company shares are owned by institutional investors | |
| Latest headline from thelincolnianonline.com: Daner Wealth Management LLC Invests 247,000 in Pioneer Municipal High Income Fund, Inc. |
Pioneer Municipal Returns Distribution Density
The distribution of Pioneer Municipal's historical returns is an attempt to chart the uncertainty of Pioneer Municipal's future price movements. The chart of the probability distribution of Pioneer Municipal daily returns describes the distribution of returns around its average expected value. We use Pioneer Municipal High price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Pioneer Municipal returns is essential to provide solid investment advice for Pioneer Municipal.
| Mean Return | 0.02 | Value At Risk | -0.96 | Potential Upside | 0.85 | Standard Deviation | 0.63 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Pioneer Municipal historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Pioneer Municipal Cash Flow Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Dividends Paid | (13.3M) | (10.9M) | (11.0M) | (8.2M) | (7.4M) | (7.0M) | |
| Total Cash From Operating Activities | (11.3M) | 8.5M | 27.1M | 91.1M | 104.7M | 110.0M | |
| Net Income | 32.3M | (40.1M) | (4.9M) | (1.6M) | (1.5M) | (1.4M) | |
| Total Cash From Financing Activities | 6.7M | (10.9M) | (27.0M) | (87.2M) | (78.5M) | (74.6M) | |
| Other Non Cash Items | (44.2M) | 48.9M | 32.0M | 91.1M | 104.8M | 110.0M | |
| Other Cashflows From Financing Activities | (24.9M) | (4.3M) | (16M) | (79M) | (71.1M) | (67.5M) | |
| Change To Account Receivables | 340.7K | (345.0K) | (114.5K) | 1.4M | 1.3M | 1.4M | |
| End Period Cash Flow | 2.5M | 106.7K | 246.9K | 4.1M | 4.7M | 5.0M | |
| Begin Period Cash Flow | 7.1M | 2.5M | 106.7K | 246.9K | 283.9K | 269.7K | |
| Free Cash Flow | (11.3M) | 8.5M | 27.1M | 91.1M | 104.7M | 110.0M | |
| Change In Working Capital | 569.0K | (345.1K) | (37.6K) | 1.6M | 1.9M | 2.0M |
Pioneer Municipal Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Pioneer Municipal or Capital Markets sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Pioneer Municipal's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Pioneer stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.01 | |
β | Beta against Dow Jones | 0.17 | |
σ | Overall volatility | 0.65 | |
Ir | Information ratio | 0.03 |
Pioneer Municipal Volatility Alert
Pioneer Municipal High exhibits relatively low volatility with skewness of 0.3 and kurtosis of 1.01. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Pioneer Municipal's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Pioneer Municipal's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Pioneer Municipal Fundamentals Vs Peers
Comparing Pioneer Municipal's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Pioneer Municipal's direct or indirect competition across all of the common fundamentals between Pioneer Municipal and the related equities. This way, we can detect undervalued stocks with similar characteristics as Pioneer Municipal or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Pioneer Municipal's fundamental indicators could also be used in its relative valuation, which is a method of valuing Pioneer Municipal by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Pioneer Municipal to competition |
| Fundamentals | Pioneer Municipal | Peer Average |
| Return On Equity | 0.22 | -0.31 |
| Return On Asset | 0.0303 | -0.14 |
| Profit Margin | 2.80 % | (1.27) % |
| Operating Margin | 0.84 % | (5.51) % |
| Current Valuation | 265.36 M | 16.62 B |
| Shares Outstanding | 22.77 M | 571.82 M |
| Shares Owned By Insiders | 0.23 % | 10.09 % |
| Shares Owned By Institutions | 65.62 % | 39.21 % |
| Number Of Shares Shorted | 57.57 K | 4.71 M |
| Price To Earning | 18.74 X | 28.72 X |
| Price To Book | 0.94 X | 9.51 X |
| Price To Sales | 12.82 X | 11.42 X |
| Revenue | (764.68 K) | 9.43 B |
| Gross Profit | 16.8 M | 27.38 B |
| EBITDA | 4.68 M | 3.9 B |
| Net Income | (1.64 M) | 570.98 M |
| Cash And Equivalents | 106.71 K | 2.7 B |
| Total Debt | 50 M | 5.32 B |
| Debt To Equity | 0.58 % | 48.70 % |
| Current Ratio | 5.01 X | 2.16 X |
| Book Value Per Share | 10.07 X | 1.93 K |
| Cash Flow From Operations | 91.08 M | 971.22 M |
| Short Ratio | 1.34 X | 4.00 X |
| Earnings Per Share | 2.08 X | 3.12 X |
| Beta | 0.68 | -0.15 |
| Market Capitalization | 215.42 M | 19.03 B |
| Total Asset | 276.6 M | 29.47 B |
| Retained Earnings | (77.47 M) | 9.33 B |
| Annual Yield | 0.04 % | |
| Five Year Return | 5.00 % | |
| Net Asset | 276.6 M | |
| Last Dividend Paid | 0.39 |
Note: Acquisition by Saba Capital Management, L.p. of 3300 shares of Pioneer Municipal at 7.02 subject to Rule 16b-3 [view details]
Pioneer Municipal Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Pioneer . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 9.45 | |||
| Day Typical Price | 9.45 | |||
| Price Action Indicator | (0.01) | |||
| Period Momentum Indicator | (0.01) | |||
| Relative Strength Index | 50.28 |
About Pioneer Municipal Buy or Sell Advice
When is the right time to buy or sell Pioneer Municipal High? Buying financial instruments such as Pioneer Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Check out Pioneer Municipal Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
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 Pioneer Municipal. If investors know Pioneer 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 Pioneer Municipal 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 (0.07) | Dividend Share 0.389 | Earnings Share 2.08 | Revenue Per Share | Quarterly Revenue Growth (0.04) |
The market value of Pioneer Municipal High is measured differently than its book value, which is the value of Pioneer that is recorded on the company's balance sheet. Investors also form their own opinion of Pioneer Municipal's value that differs from its market value or its book value, called intrinsic value, which is Pioneer Municipal'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 Pioneer Municipal's market value can be influenced by many factors that don't directly affect Pioneer Municipal'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 Pioneer Municipal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pioneer Municipal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pioneer Municipal'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.