Angi Inc [ANGI] stock is trading at $2.92, up 1.74%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ANGI shares have gain 3.91% over the last week, with a monthly amount glided 23.21%, and seem to be holding up well over a long-time horizon.
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On 13, February 2024, IAC Earnings Release and Letter to Shareholders Available on Company’s Website. In a post published today on Yahoo Finance, IAC (NASDAQ: IAC) posted its fourth quarter financial results and a letter to shareholders on the investor relations section of its website at https://ir.iac.com/quarterly-results. As announced previously, IAC and Angi Inc. will host a conference call to discuss both companies’ respective fourth quarter results and to answer questions. The call will be held on Wednesday, February 14, 2024, at 8:30 a.m. ET. Joey Levin, CEO of IAC and CEO and Chairman of Angi Inc., and Christopher Halpin, Executive Vice President, CFO and COO of IAC, will participate.
From an analyst’s perspective:
Angi Inc [NASDAQ: ANGI] stock has seen the most recent analyst activity on February 15, 2023, when UBS upgraded its rating to a Neutral and also boosted its price target to $2.75 from $2. Previously, Citigroup started tracking the stock with Buy rating on December 13, 2022, and set its price target to $2.60. On December 02, 2022, UBS initiated with a Sell rating and assigned a price target of $2 on the stock. Truist reiterated its recommendation of a Buy and reduced its price target to $14 on August 06, 2021. RBC Capital Mkts reiterated a Sector Perform rating for this stock on August 06, 2021, and downed its price target to $14. In a note dated August 06, 2021, Oppenheimer reiterated an Outperform rating on this stock and revised its target price from $17 to $15.
Angi Inc [ANGI] stock has fluctuated between $1.54 and $4.18 over the past year. Currently, Wall Street analysts expect the stock to reach $9.35 within the next 12 months. Angi Inc [NASDAQ: ANGI] shares were valued at $2.92 at the most recent close of the market. An investor can expect a potential return of 220.21% based on the average ANGI price forecast.
Analyzing the ANGI fundamentals
Angi Inc [NASDAQ:ANGI] reported sales of 1.44B for the trailing twelve months, which represents a drop of -31.96%. Gross Profit Margin for this corporation currently stands at 0.9% with Operating Profit Margin at -0.0%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.04 and Total Capital is -0.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.48.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.85 points at the first support level, and at 2.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.97, and for the 2nd resistance point, it is at 3.01.
Angi Inc [ANGI] reported earnings per share of -$0.01 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.02/share, meaning a difference of $0.01 and a surprise factor of 50.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.01 per share as compared to estimates of -$0.03 per share, a difference of $0.02 representing a surprise of 66.70%.
Ratios To Look Out For
For context, Angi Inc’s Current Ratio is 1.88. Also, the Quick Ratio is 1.88, while the Cash Ratio stands at 1.41. Considering the valuation of this stock, the price to sales ratio is 1.03, the price to book ratio is 1.41.
Transactions by insiders
Recent insider trading involved Shanmugasundaram Kulesh, Chief Technology Officer, that happened on Feb 01 when 12000.0 shares were sold. Chief Technology Officer, Shanmugasundaram Kulesh completed a deal on Jan 02 to sell 12000.0 shares. Meanwhile, Chief Technology Officer Shanmugasundaram Kulesh sold 12000.0 shares on Dec 01.
