(RFMZ) RiverNorth Flexible - Ratings and Ratios

RiverNorth Flexible Municipal Income Fund II Inc (NYSE:RFMZ) is a closed-end management investment company primarily focused on municipal debt instruments. The fund is structured to provide regular income while maintaining flexibility in its investment approach. It operates under the ticker symbol RFMZ and is listed on the New York Stock Exchange (NYSE). As a U.S.-based entity, it falls under the Multi-Sector Holdings category within the GICS Sub Industry classification, reflecting its diversified investment strategy across various municipal sectors.

From a technical standpoint, RFMZ exhibits moderate trading activity with an average 20-day volume of 58,000 shares. As of the latest data, the stock is trading at $13.45, slightly below its SMA 20 of $13.58 and SMA 50 of $13.81. The SMA 200 stands at $13.67, indicating a recent dip below the longer-term average. The Average True Range (ATR) of 0.18 suggests relatively low volatility, with price fluctuations remaining contained over the short term. The 52-week range is not provided but can be inferred to hover closely around the current price levels based on the moving averages.

Fundamentally, the fund has a market capitalization of $329.24 million, placing it in the mid-cap category. The price-to-earnings (P/E) ratio is 14.38, indicating a moderate valuation relative to earnings. However, the forward P/E is reported as 0.00, which may reflect limited visibility into future earnings or a focus on current income generation rather than growth. The price-to-book (P/B) ratio of 0.88 suggests the stock is trading below its book value, potentially signaling undervaluation. The price-to-sales (P/S) ratio of 14.37 aligns with the P/E ratio, reinforcing the valuation metrics. The return on equity (RoE) of 8.37% is modest, reflecting a balance between profitability and reinvestment of earnings.

Over the next three months, RFMZ is expected to trade within a narrow range, influenced by its low volatility and stable income-focused strategy. Technically, the stock may face resistance at the SMA 50 level of $13.81 and support near the SMA 200 at $13.67. Fundamentally, the funds valuation metrics, particularly the P/B ratio below 1, may attract value-oriented investors. However, the lack of forward P/E visibility could limit upside potential. Overall, RFMZ is likely to maintain its current price levels with minimal deviation, supported by its consistent income generation and moderate valuation.