ANGI Homeservices Inc. (NASDAQ:ANGI) shares fell to a low of $11.26 before closing at $11.73. Intraday shares traded counted 3.0 million, which was 8.83% higher than its 30-day average trading volume of 3.29M. ANGI’s previous close was $12.15 while the outstanding shares total 497.50M. The firm has a beta of 1.87, a 12-month trailing P/E ratio of 733.12. The stock’s Relative Strength Index (RSI) is 51.30, with weekly volatility at 5.64% and ATR at 0.55. The ANGI stock’s 52-week price range has touched low of $4.10 and a $17.05 high. The stock traded lower over the last trading session, losing -3.46% on 12/16/20.
Investors have identified the Internet Content & Information company ANGI Homeservices Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $5.90 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
ANGI Homeservices Inc. (ANGI) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For ANGI, the company has in raw cash 855.04 million on their books with 13.75 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 1.03 billion total, with 268.46 million as their total liabilities.
ANGI were able to record 135.55 million as free cash flow during the Q3 2020 quarter of the year, this saw their quarterly net cash flow reduce by 464.39 million. In cash movements, the company had a total of 173.19 million as operating cash flow.
Potential earnings growth for ANGI Homeservices Inc. (ANGI)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the Q3 2020 quarter of the year, ANGI Homeservices Inc. recorded a total of 389.91 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 8.35% coming in sequential stages and their sales for the Q3 2020 quarter increasing by 3.81%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 48.25 million trying to sell their products during the last quarter, with the result yielding a gross income of 341.66 million. This allows shareholders to hold on to 497.50M with the recently reported earning now reading 0.01 cents per share. This is a figure that compared to analyst’s prediction for their Q3 2020 (0.01 cents a share).
Having a look at the company’s valuation, the company is expected to record -0.01 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on ANGI sounds very interesting.
Is the stock of ANGI attractive?
In related news, CPO, Hanrahan Oisin sold 70,014 shares of the company’s stock in a transaction that recorded on Dec 07. The sale was performed at an average price of 11.85, for a total value of 829,666. As the sale deal closes, the Director, Hicks Bowman Angela R. now sold 10,000 shares of the company’s stock, valued at 105,000. Also, President & COO, Smith Craig M. sold 371,738 shares of the company’s stock in a deal that was recorded on Nov 11. The shares were price at an average price of 10.42 per share, with a total market value of 3,873,510. Following this completion of acquisition, the Director, Hicks Bowman Angela R. now holds 10,000 shares of the company’s stock, valued at 110,100. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.90%.
14 out of 17 analysts covering the stock have rated it a Buy, while 3 have maintained a Hold recommendation on ANGI Homeservices Inc.. 0 analysts has assigned a Sell rating on the ANGI stock. The 12-month mean consensus price target for the company’s shares has been set at $13.36.