Angi Inc (NASDAQ: ANGI)’s stock price has decreased by -21.02 compared to its previous closing price of 2.62. However, the company has seen a -17.22% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-11-11 that While the top- and bottom-line numbers for Angi (ANGI) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Is It Worth Investing in Angi Inc (NASDAQ: ANGI) Right Now?
The stock has a 36-month beta value of 1.94. 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 65.56M, and at present, short sellers hold a 12.17% of that float. On November 12, 2024, the average trading volume of ANGI was 484.08K shares.
ANGI’s Market Performance
The stock of Angi Inc (ANGI) has seen a -17.22% decrease in the past week, with a -16.89% drop in the past month, and a -20.41% fall in the past quarter. The volatility ratio for the week is 4.82%, and the volatility levels for the past 30 days are at 4.35% for ANGI. The simple moving average for the past 20 days is -15.59% for ANGI’s stock, with a -13.41% 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 -18.42% 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 -33.14% of loss for the given period.
Volatility was left at 4.35%, however, over the last 30 days, the volatility rate increased by 4.82%, as shares sank -16.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.97% lower at present.
During the last 5 trading sessions, ANGI fell by -15.40%, which changed the moving average for the period of 200-days by -15.06% in comparison to the 20-day moving average, which settled at $2.45. In addition, Angi Inc saw -16.89% 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 $2.32 back on Aug 01 ’24. After this action, Shanmugasundaram Kulesh now owns 125,262 shares of Angi Inc, valued at $27,255 using the latest closing price.
Shanmugasundaram Kulesh, the Chief Technology Officer of Angi Inc, sale 11,748 shares at $1.90 during a trade that took place back on Jul 01 ’24, which means that Shanmugasundaram Kulesh is holding 137,010 shares at $22,321 based on the most recent closing price.
Stock Fundamentals for ANGI
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.89 for the gross margin
The net margin for Angi Inc stands at -0.01. The total capital return value is set at 0.02. Equity return is now at value -0.07, with -0.04 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 0.23. The debt to equity ratio resting at 0.48. The interest coverage ratio of the stock is 3.44.
Currently, EBITDA for the company is 75.06 million with net debt to EBITDA at 0.9. When we switch over and look at the enterprise to sales, we see a ratio of 0.87. The receivables turnover for the company is 19.49for trailing twelve months and the total asset turnover is 0.7. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.98.
Conclusion
To sum up, Angi Inc (ANGI) has seen a bad 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.
