While Angi Inc has overperformed by 1.63%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ANGI rose by 49.70%, with highs and lows ranging from $3.10 to $1.60, whereas the simple moving average jumped by 4.67% in the last 200 days.
On July 09, 2024, JMP Securities started tracking Angi Inc (NASDAQ: ANGI) recommending Mkt Outperform. A report published by UBS on February 15, 2023, Upgraded its rating to ‘Neutral’ for ANGI. Citigroup also rated ANGI shares as ‘Buy’, setting a target price of $2.60 on the company’s shares in an initiating report dated December 13, 2022. UBS Initiated an Sell rating on December 02, 2022, and assigned a price target of $2. Goldman initiated its ‘Buy’ rating for ANGI, as published in its report on January 07, 2022. Truist’s report from August 06, 2021 suggests a price prediction of $14 for ANGI shares, giving the stock a ‘Buy’ rating. RBC Capital Mkts also rated the stock as ‘Sector Perform’.
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Analysis of Angi Inc (ANGI)
Further, the quarter-over-quarter decrease in sales is -15.98%, showing a negative trend in the upcoming months.
In order to gain a clear picture of Angi Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -0.07% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.98, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 544.71K can be a very valuable indicator of volatility for ANGI stock. On a monthly basis, the volatility of the stock is set at 4.10%, whereas on a weekly basis, it is put at 5.65%, with a gain of 4.17% over the past seven days. Furthermore, long-term investors anticipate a median target price of $3.76, showing growth from the present price of $2.50, which can serve as yet another indication of whether ANGI is worth investing in or should be passed over.
How Do You Analyze Angi Inc Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 86.85%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 10.38% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ANGI shares are owned by institutional investors to the tune of 10.38% at present.
