FCTFX Company Profile and Key Details

Fidelity California Municipal Income (NASDAQ:FCTFX) closed at $11.86 USD, gaining $0.03 (0.25%) from the previous close of $11.83. The stock is currently trading near its 52-week low $11.83 and $12.58. With a market capitalization of about $1.84 billion, Fidelity California Municipal Income is classified as a small-cap and shows market-like volatility (beta ~1.00). Headquartered in Boston, MA, Fidelity California Municipal Income operates in the Financial Services sector and the Asset Management industry. The fund normally invests at least 80% of assets in municipal securities whose interest is exempt from federal and California personal income taxes.

Fidelity California Municipal Income last paid a dividend of 0.38 per share, Dividend and splits history remains an important factor for investors monitoring long-term returns. A discounted cash flow model estimates fair value at around $7.19. This means the shares are trading above this model’s fair value.

Valuation shows Fidelity California Municipal Income trading at a premium to the broader market with a P/E of -5.97.

Our AI price prediction model suggests that Fidelity California Municipal Income stock has strong potential for upside but may face short-term weakness followed by gains in the medium and long term.

Fidelity California Municipal Income trades at a P/E ratio of -5.97, slightly below the S&P 500 average, with a price-to-sales ratio of 14.07 and a price-to-book ratio of 0.95 suggesting the stock is closer to book value. The P/FCF stands at 12.99, also below market averages.