Angi Inc (NASDAQ:ANGI) shares, rose in value, with the stock price down by -3.38% to the previous day’s close as strong demand from buyers drove the stock to $2.29.
Actively observing the price movement in the last trading, the stock closed the session at $2.37. The value of beta (5-year monthly) was 1.97. Referring to stock’s 52-week performance, its high was $4.18, and the low was $1.54. On the whole, ANGI has fluctuated by -12.26% over the past month.
With the market capitalization of Angi Inc currently standing at about $1.15 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 07, 2024 – May 13, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.01, which is expected to increase to $0.01 for fiscal year $0 and then to about $0.06 by fiscal year 2025.
Analysts have estimated the company’s revenue for the quarter at $297.55 million, with a low estimate of $294.4 million and a high estimate of $302.5 million. According to the average forecast, sales growth in current quarter could jump down -24.20%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $1.25 billion, representing a decrease of -8.10% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that ANGI’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of ANGI currently trading nearly -12.06% and -12.41% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.60, while the 7-day volatility ratio is showing 4.56% which for the 30-day chart, stands at 5.45%. Furthermore, Angi Inc (ANGI)’s beta value is 1.95, and its average true range (ATR) is 0.14.
A comparison of Angi Inc (ANGI) with its peers suggests the former has fared considerably weaker in the market. ANGI showed an intraday change of -3.38% in last session, and over the past year, it grew by 3.62%%.
Data on historical trading for Angi Inc (NASDAQ:ANGI) indicates that the trading volumes over the past 10 days have averaged 0.74 million and over the past 3 months, they’ve averaged 749.34K. According to company’s latest data on outstanding shares, there are 82.21 million shares outstanding.
Nearly 86.45% of Angi Inc’s shares belong to company insiders and institutional investors own 12.76% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.44 million shares as on Mar 15, 2024, resulting in a short ratio of 14.66. According to the data, the short interest in Angi Inc (ANGI) stood at 1.88% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 9.04 million. The stock has fallen by -8.03% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ANGI stock heading into the next quarter.
