The stock of Angi Inc. (NASDAQ:ANGI) decreased by -$0.06 on Friday to finish at $2.20, down -2.44 percent. The last five days have seen an average of 466,360 shares of common stock traded. 16 times new highs were reached in the current year, with a fall of -$0.15. The average number of shares traded over the last 20 days was 1,058,880, while the average volume over the last 50 days totaled 724,472.
ANGI stock dropped -39.23% since last month. On 08/25/23, the company’s shares reached a one-month low of $2.19. The stock touched a high of $4.61 on 07/19/23, after rallying from a low of $1.81 in 52 weeks. The price of ANGI stock has declined by -6.38% or -$0.15 this year, reaching a new high 16 times. Still, the stock price is down -52.28% 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 208 days ago on Feb 01. On Feb 01, Chief Technology Officer Shanmugasundaram Kulesh sold 48,164 shares at $3.00 each. This transaction resulted in the insider making $144,492. On Jan 30, Shanmugasundaram Kulesh sold 6 shares at a price of US$3.00. After the transaction, the insider now owns 70,580 shares. Chief Technology Officer Shanmugasundaram Kulesh had earlier sold 400 shares on Jan 24 for $3.00 a share. The transaction was completed for $1,200.
Valuation Metrics
Beta for the stock is 1.71. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.67, the price-to-book (PB) ratio of 1.07, and the price-to-cash flow ratio of 53.60.
Financial Health
For the three months ended June 29, Angi Inc.’s quick ratio was 1.70, while its current ratio was 1.70, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.48, and the total debt to equity ratio is 0.48. As far as profitability goes, gross margin for the trailing twelve months is 83.30% percent. Angi Inc.’s EBITDA margin for the year ended June 29 was 0.40%, whereas its operating margin stood at -5.80% for the same period. Based on annual data, it had gross profit of $1.45 billion and revenue of $1.89 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ANGI’s return on assets (ROA) during the last 12 months has been -5.30%. There was a -7.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -9.60%.
Earnings Surprise
According to Angi Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $374.41 million, while revenues fell by -37.76% to $392.41 million. It was predicted that Angi Inc.’s quarterly earnings would be -$0.03, but it ended up being -$0.02. EBITDA was $8.16 million for the quarter. At the end of Angi Inc.’s most recent quarter ended June 29, its liabilities totaled 860.33 million, while its total debt was $553.91 million. Equity owned by shareholders amounts to $506.28 million.
Technical Picture
Here’s a quick look at Angi Inc.’s (ANGI) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 17.70%, suggesting the stock is oversold, with a 27.67% historical volatility rate.
The stochastic %K and %D were 1.72% and 2.48% respectively, while the average true range (ATR) was 0.17. Based on the 14-day stochastic reading of 0.58%, the RSI (14) reading is 24.29%. On the 9-day MACD Oscillator, the stock is at -0.09, and the 14-day reading is at -0.25.
Analyst Ratings
In its most recent analyst report, UBS raised its rating on Angi Inc. (NASDAQ: ANGI) to a Neutral. Prior to this, analysts firm rated the stock as a Sell. Analysts have assigned Angi Inc. (ANGI) an Overweight rating. ANGI is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 8 others recommend it as a buy.
What is ANGI’s price target for the next 12 months?
The current consensus forecast for the stock is between $3.00 and $8.00, with a median target price of $4.50. In analyzing these forecasts, the average price target given by analysts for Angi Inc. (ANGI) is $4.60.
