Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of Angi Inc (NASDAQ: ANGI) was $1.65 for the day, up 0.61% from the previous closing price of $1.64. In other words, the price has increased by $0.61 from its previous closing price. On the day, 0.79 million shares were traded. ANGI stock price reached its highest trading level at $1.7 during the session, while it also had its lowest trading level at $1.6.
Ratios:
Our analysis of ANGI’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.10 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.04. For the most recent quarter (mrq), Quick Ratio is recorded 2.05 and its Current Ratio is at 2.05. In the meantime, Its Debt-to-Equity ratio is 0.46 whereas as Long-Term Debt/Eq ratio is at 0.46.
On November 13, 2024, Goldman Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $3.25 to $2.50.
Citigroup Downgraded its Buy to Neutral on November 13, 2024, whereas the target price for the stock was revised from $3.25 to $2.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 15 ’24 when Kip Jeffrey W bought 250,000 shares for $1.72 per share. The transaction valued at 430,000 led to the insider holds 917,331 shares of the business.
Shanmugasundaram Kulesh sold 11,748 shares of ANGI for $27,255 on Aug 01 ’24. The Chief Technology Officer now owns 125,262 shares after completing the transaction at $2.32 per share. On Jul 01 ’24, another insider, Shanmugasundaram Kulesh, who serves as the Chief Technology Officer of the company, sold 11,748 shares for $1.90 each. As a result, the insider received 22,321 and left with 137,010 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ANGI now has a Market Capitalization of 820493824 and an Enterprise Value of 930204032. As of this moment, Angi’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.32, and their Forward P/E ratio for the next fiscal year is 41.94. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.44. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.68 while its Price-to-Book (P/B) ratio in mrq is 0.77. Its current Enterprise Value per Revenue stands at 0.764 whereas that against EBITDA is 7.95.
Stock Price History:
The Beta on a monthly basis for ANGI is 1.85, which has changed by -0.31380755 over the last 52 weeks, in comparison to a change of 0.24933672 over the same period for the S&P500. Over the past 52 weeks, ANGI has reached a high of $3.10, while it has fallen to a 52-week low of $1.57. The 50-Day Moving Average of the stock is -16.62%, while the 200-Day Moving Average is calculated to be -26.26%.
Shares Statistics:
ANGI traded an average of 913.69K shares per day over the past three months and 947660 shares per day over the past ten days. A total of 75.71M shares are outstanding, with a floating share count of 64.16M. Insiders hold about 87.10% of the company’s shares, while institutions hold 9.71% stake in the company. Shares short for ANGI as of 1734048000 were 8032191 with a Short Ratio of 8.79, compared to 1731628800 on 7823968. Therefore, it implies a Short% of Shares Outstanding of 8032191 and a Short% of Float of 12.57.
