Angi Inc. (NASDAQ:ANGI) shares traded lower over the last trading session, losing -0.63% on 05/28/21. The shares fell to a low of $14.05 before closing at $14.18. Intraday shares traded counted 0.76 million, which was 53.93% higher than its 30-day average trading volume of 1.66M. ANGI’s previous close was $14.27 while the outstanding shares total 500.66M. The firm has a beta of 2.00, a 12-month trailing P/E ratio of 1575.56. The stock’s Relative Strength Index (RSI) is 49.44, with weekly volatility at 3.84% and ATR at 0.72. The ANGI stock’s 52-week price range has touched low of $9.28 and a $19.17 high.
Investors have identified the Internet Content & Information company Angi 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 $7.20 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 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. In terms of their assets, the company currently has 907.99 million total, with 247.32 million as their total liabilities.
ANGI were able to record -3.4 million as free cash flow during the 08/11/2021 quarter of the year, this saw their quarterly net cash flow reduce by -35.91 million. In cash movements, the company had a total of 15.35 million as operating cash flow.
Potential earnings growth for Angi 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 08/11/2021 quarter of the year, Angi Inc. recorded a total of 387.03 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 11.21% coming in sequential stages and their sales for the 08/11/2021 quarter increasing by 7.16%.
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 53.83 million trying to sell their products during the last quarter, with the result yielding a gross income of 333.2 million. This allows shareholders to hold on to 500.66M with the recently reported earning now reading 0.00 cents per share. This is a figure that compared to analyst’s prediction for their 08/11/2021 (0.00 cents a share).
Having a look at the company’s valuation, the company is expected to record 0.00 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, Director, Hicks Bowman Angela R. sold 10,000 shares of the company’s stock in a transaction that recorded on May 17. The sale was performed at an average price of 12.54, for a total value of 125,400. As the sale deal closes, the Director, Hicks Bowman Angela R. now sold 10,000 shares of the company’s stock, valued at 169,300. Also, Director, Hicks Bowman Angela R. sold 10,000 shares of the company’s stock in a deal that was recorded on Mar 15. The shares were price at an average price of 16.65 per share, with a total market value of 166,500. Following this completion of acquisition, the CMO, Lowrie Allison now holds 44,132 shares of the company’s stock, valued at 679,191. In the last 6 months, insiders have changed their ownership in shares of company stock by 4.50%.
10 out of 14 analysts covering the stock have rated it a Buy, while 4 have maintained a Hold recommendation on Angi 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 $16.93.