The stock of Angi Inc (NASDAQ: ANGI) has decreased by -7.85 when compared to last closing price of 2.42.Despite this, the company has seen a loss of -1.33% in its stock price over the last five trading days. prnewswire.com reported 2024-07-17 that NEW YORK, July 17, 2024 /PRNewswire/ — After the close of market trading on Tuesday, August 6, 2024, IAC (NASDAQ: IAC) will post its second quarter results and simultaneously IAC CEO Joey Levin will publish a letter to shareholders, which may include certain forward-looking information, at https://ir.iac.com/quarterly-results. On Wednesday, August 7, 2024, at 8:30 a.m.
Is It Worth Investing in Angi Inc (NASDAQ: ANGI) Right Now?
The stock has a 36-month beta value of 2.01. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for ANGI is 68.81M, and at present, short sellers hold a 12.43% of that float. On July 25, 2024, the average trading volume of ANGI was 759.43K shares.
ANGI’s Market Performance
The stock of Angi Inc (ANGI) has seen a -1.33% decrease in the past week, with a 21.20% rise in the past month, and a 6.70% gain in the past quarter. The volatility ratio for the week is 6.99%, and the volatility levels for the past 30 days are at 5.31% for ANGI. The simple moving average for the past 20 days is 10.37% for ANGI’s stock, with a -0.34% simple moving average for the past 200 days.
Analysts’ Opinion of ANGI
Many brokerage firms have already submitted their reports for ANGI stocks, with JMP Securities repeating the rating for ANGI by listing it as a “Mkt Outperform.” The predicted price for ANGI in the upcoming period, according to JMP Securities is $3.25 based on the research report published on July 09, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see ANGI reach a price target of $2.75, previously predicting the price at $2. The rating they have provided for ANGI stocks is “Neutral” according to the report published on February 15th, 2023.
Citigroup gave a rating of “Buy” to ANGI, setting the target price at $2.60 in the report published on December 13th of the previous year.
ANGI Trading at 7.30% 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 -45.48% of loss for the given period.
Volatility was left at 5.31%, however, over the last 30 days, the volatility rate increased by 6.99%, as shares surge +20.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.23% lower at present.
During the last 5 trading sessions, ANGI fell by -1.33%, which changed the moving average for the period of 200-days by +26.70% in comparison to the 20-day moving average, which settled at $2.04. In addition, Angi Inc saw -10.44% 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 $1.90 back on Jul 01 ’24. After this action, Shanmugasundaram Kulesh now owns 137,010 shares of Angi Inc, valued at $22,321 using the latest closing price.
Shanmugasundaram Kulesh, the Chief Technology Officer of Angi Inc, sale 11,748 shares at $2.01 during a trade that took place back on Jun 03 ’24, which means that Shanmugasundaram Kulesh is holding 148,758 shares at $23,613 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
- 0.9 for the gross margin
The net margin for Angi Inc stands at -0.02. The total capital return value is set at 0.01. Equity return is now at value -1.84, with -1.03 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 0.87.
Currently, EBITDA for the company is 75.06 million with net debt to EBITDA at 1.55. When we switch over and look at the enterprise to sales, we see a ratio of 0.93. 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 1.99.
Conclusion
To sum up, Angi Inc (ANGI) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
