ASGI Stock Summary and Trading Ideas (Abrdn Glb Infr Fd | NYSE:ASGI)

abrdn Global Infrastructure Income Fund is a non-diversified, closed-end management investment company. Its objective is to seek to provide a high level of total return with an emphasis on current income by investing in assets that provide necessary services to society.

Abrdn Glb Infr Fd trades on the NYSE stock market under the symbol ASGI.

As of January 14, 2025, ASGI stock price climbed to $17.38 with 134,048 million shares trading.

ASGI has a beta of 0.45, meaning it tends to be less sensitive to market movements. ASGI has a correlation of 0.11 to the broad based SPY ETF.

ASGI has a market cap of $438.09 million. This is considered a Small Cap stock.

In the last 3 years, ASGI traded as high as $20.77 and as low as $14.96.

ASGI has underperformed the market in the last year with a price return of +7.6% while the SPY ETF gained +23.6%. ASGI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -9.5% and -2.2%, respectively, while the SPY returned +0.8% and -1.0%, respectively.

ASGI support price is $17.10 and resistance is $17.56 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ASGI shares will trade within this expected range on the day.