Angi Inc (NASDAQ: ANGI)’s stock price has plunge by -4.05relation to previous closing price of 2.47. Nevertheless, the company has seen a -11.57% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-27 that The Zacks Internet – Content industry participants like Airbnb (ABNB), Angi (ANGI) and Perion Network (PERI) are benefiting from expanding mobile, digital and cloud-based offerings amid challenging macroeconomic conditions globally.
Is It Worth Investing in Angi Inc (NASDAQ: ANGI) Right Now?
ANGI has 36-month beta value of 1.95. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ANGI is 68.10M, and currently, short sellers hold a 13.86% ratio of that float. The average trading volume of ANGI on April 04, 2024 was 738.41K shares.
ANGI’s Market Performance
The stock of Angi Inc (ANGI) has seen a -11.57% decrease in the past week, with a -12.22% drop in the past month, and a -1.25% fall in the past quarter. The volatility ratio for the week is 4.09%, and the volatility levels for the past 30 days are at 5.63% for ANGI. The simple moving average for the last 20 days is -9.40% for ANGI stock, with a simple moving average of -6.25% for the last 200 days.
Analysts’ Opinion of ANGI
Many brokerage firms have already submitted their reports for ANGI stocks, with UBS repeating the rating for ANGI by listing it as a “Neutral.” The predicted price for ANGI in the upcoming period, according to UBS is $2.75 based on the research report published on February 15, 2023 of the previous year 2023.
Citigroup, on the other hand, stated in their research note that they expect to see ANGI reach a price target of $2.60. The rating they have provided for ANGI stocks is “Buy” according to the report published on December 13th, 2022.
UBS gave a rating of “Sell” to ANGI, setting the target price at $2 in the report published on December 02nd of the previous year.
ANGI Trading at -9.31% from the 50-Day Moving Average
After a stumble in the market that brought ANGI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -43.30% of loss for the given period.
Volatility was left at 5.63%, however, over the last 30 days, the volatility rate increased by 4.09%, as shares sank -9.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.60% upper at present.
During the last 5 trading sessions, ANGI fell by -11.57%, which changed the moving average for the period of 200-days by -28.83% in comparison to the 20-day moving average, which settled at $2.60. In addition, Angi Inc saw -4.82% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ANGI starting from Shanmugasundaram Kulesh, who sale 11,748 shares at the price of $2.58 back on Apr 01 ’24. After this action, Shanmugasundaram Kulesh now owns 166,034 shares of Angi Inc, valued at $30,310 using the latest closing price.
Shanmugasundaram Kulesh, the Chief Technology Officer of Angi Inc, sale 11,748 shares at $2.58 during a trade that took place back on Mar 06 ’24, which means that Shanmugasundaram Kulesh is holding 160,060 shares at $30,310 based on the most recent closing price.
Stock Fundamentals for ANGI
Current profitability levels for the company are sitting at:
- -0.0 for the present operating margin
- 0.9 for the gross margin
The net margin for Angi Inc stands at -0.03. The total capital return value is set at -0.0. Equity return is now at value -3.15, with -1.75 for asset returns.
Based on Angi Inc (ANGI), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 0.49. The interest coverage ratio of the stock is -0.1.
Currently, EBITDA for the company is 75.06 million with net debt to EBITDA at 2.52. When we switch over and look at the enterprise to sales, we see a ratio of 0.97. The receivables turnover for the company is 16.74for trailing twelve months and the total asset turnover is 0.78. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.88.
Conclusion
To put it simply, Angi Inc (ANGI) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
