While Angi Inc has overperformed by 3.66%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ANGI fell by -4.35%, with highs and lows ranging from $3.10 to $1.65, whereas the simple moving average fell by -16.64% in the last 200 days.
On November 13, 2024, Goldman Downgraded Angi Inc (NASDAQ: ANGI) to Neutral. A report published by Citigroup on November 13, 2024, Downgraded its rating to ‘Neutral’ for ANGI. JMP Securities also rated ANGI shares as ‘Mkt Outperform’, setting a target price of $3.25 on the company’s shares in an initiating report dated July 09, 2024. UBS February 15, 2023d the rating to Neutral on February 15, 2023, and set its price target from $2 to $2.75. Citigroup initiated its ‘Buy’ rating for ANGI, as published in its report on December 13, 2022. UBS’s report from December 02, 2022 suggests a price prediction of $2 for ANGI shares, giving the stock a ‘Sell’ rating. Goldman also rated the stock as ‘Buy’.
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Analysis of Angi Inc (ANGI)
Further, the quarter-over-quarter decrease in sales is -20.20%, showing a negative trend in the upcoming months.
One of the most important indicators of Angi Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 3.77% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.05, 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.
For any stock, average volume can also provide valuable insight into volatility, and ANGI is recording 626.63K average volume. On a monthly basis, the volatility of the stock is set at 6.20%, whereas on a weekly basis, it is put at 7.11%, with a gain of 2.59% over the past seven days. Furthermore, long-term investors anticipate a median target price of $3.13, showing growth from the present price of $1.98, 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?
The Internet Content & Information market is dominated by Angi Inc (ANGI) based in the USA. When comparing Angi Inc shares with other companies under Communication Services, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 31.58, there is a growth in quarterly earnings of 756.60%.
Along with the fundamentals, it is also important to consider how many employees own shares of 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 86.74%. 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 9.70% 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 9.70% at present.
