Angi Inc. (NASDAQ:ANGI) finished Wednesday with a subtraction of -$1.28 to close at $2.59, a downside of -33.07 percent. An average of 1,946,600 shares of common stock have been traded in the last five days. There was a fall of -$1.30 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 933,035 shares traded, while the 50-day average volume stands at 671,248.
ANGI stock has decreased by -24.49% in the last month. The company shares reached their 1-month lowest point of $2.46 on 08/09/23. With the stock rallying to its 52-week high on 07/19/23, shares of the company touched a low of $1.81 and a high of $6.20 in 52 weeks. It has reached a new high 16 times so far this year and achieved 10.21% or $0.24 in price. In spite of this, the price is down -58.23% from the 52-week high.
Insider Transactions
ANGI stock investors should be aware that Angi Inc. (ANGI) stock had its last reported insider trading activity 190 days ago on Feb 01. In this transaction, the insider spent $144,492. Chief Technology Officer, Shanmugasundaram Kulesh, disposed of 6 shares at a price of $3.00 on Jan 30. The insider now owns more than $18 worth of shares. Prior to that, Chief Technology Officer Shanmugasundaram Kulesh went on to Sale 400 shares at $3.00 each on Jan 24. An amount of $1,200 was transacted.
Valuation Metrics
Angi Inc. (ANGI) stock’s beta is 1.60. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.74, the price-to-book (PB) ratio at 1.25.
Financial Health
The quick ratio of Angi Inc. for the three months ended March 30 was 1.80, and the current ratio was 1.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.47 and a total debt to equity ratio of 0.47 for the quarter ending March 30. Angi Inc.’s EBITDA margin for the year ending March 30 is 0.40%, while its operating margin for the same period stands at -5.60%. Its gross profit as reported stood at $1.45 billion compared to revenue of $1.89 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Angi Inc.’s return on assets was -5.70%.
Earnings Surprise
For the three-month period that ended March 30, Angi Inc. had $495.66 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$14.7 million in the quarter, while revenues of -$15.33 million were shrunk -64.83%. The analyst consensus anticipated Angi Inc.’s latest quarter earnings to come in at -$0.06 per share, but it turned out to be -$0.03, a 50.00% surprise. For the quarter, EBITDA amounted to $8.16 million. At the end of the quarter ending March 30, Angi Inc.’s stock balance sheet showed total liabilities of 860.33 million. Shareholders own equity worth $506.28 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Angi Inc. (ANGI) price momentum. RSI 9-day as of the close on 09 August was 21.80%, suggesting the stock is oversold, with historical volatility in this time frame at 207.26%.
As of today, ANGI’s price is $3.56 -33.42% or -$1.30 from its 5-day moving average. ANGI is currently trading -26.00% lower than its 20-day SMA and +15.11% higher than its 100-day SMA. However, the stock’s current price level is -19.06% below the SMA50 and +22.17% above the SMA200.
The stochastic %K and %D were 37.96% and 42.07%, respectively, and the average true range (ATR) was 0.33. With the 14-day stochastic at 7.69% and the average true range at 0.28, the RSI (14) stands at 28.89%. The stock has reached -0.29 on the 9-day MACD Oscillator while the 14-day reading was at -0.27.
Analyst Ratings
UBS upgraded Angi Inc. (NASDAQ: ANGI) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Sell.
