The stock price of Angi Inc (NASDAQ: ANGI) has surged by 1.96 when compared to previous closing price of 2.55, but the company has seen a 23.22% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-07 that Angi (ANGI) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to loss of $0.03 per share a year ago.
Is It Worth Investing in Angi Inc (NASDAQ: ANGI) Right Now?
Company’s 36-month beta value is 1.99.Analysts have differing opinions 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 68.25M, and currently, short sellers hold a 14.31% ratio of that floaft. The average trading volume of ANGI on May 08, 2024 was 892.02K shares.
ANGI’s Market Performance
The stock of Angi Inc (ANGI) has seen a 23.22% increase in the past week, with a 13.04% rise in the past month, and a 6.56% gain in the past quarter. The volatility ratio for the week is 7.59%, and the volatility levels for the past 30 days are at 5.52% for ANGI. The simple moving average for the past 20 days is 19.93% for ANGI’s stock, with a 9.45% simple moving average for the past 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 6.78% 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 -37.80% of loss for the given period.
Volatility was left at 5.52%, however, over the last 30 days, the volatility rate increased by 7.59%, as shares surge +13.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.76% lower at present.
During the last 5 trading sessions, ANGI rose by +23.22%, which changed the moving average for the period of 200-days by -33.16% in comparison to the 20-day moving average, which settled at $2.18. In addition, Angi Inc saw 4.42% in overturn over a single year, with a tendency to cut further gains.
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 $2.13 back on May 01 ’24. After this action, Shanmugasundaram Kulesh now owns 160,506 shares of Angi Inc, valued at $25,023 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 Apr 01 ’24, which means that Shanmugasundaram Kulesh is holding 166,034 shares at $30,310 based on the most recent closing price.
Stock Fundamentals for ANGI
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.92 for the gross margin
The net margin for Angi Inc stands at -0.01. The total capital return value is set at 0.01. 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 0.32 points at debt to capital in total, while cash flow to debt ratio is standing at 0.22. The debt to equity ratio resting at 0.48. The interest coverage ratio of the stock is -2195.25.
Currently, EBITDA for the company is 75.06 million with net debt to EBITDA at 2.15. When we switch over and look at the enterprise to sales, we see a ratio of 1.07. The receivables turnover for the company is 22.25for trailing twelve months and the total asset turnover is 0.74. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.88.
Conclusion
In a nutshell, Angi Inc (ANGI) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
