While Angi Inc has underperformed by -3.36%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ANGI rose by 22.17%, with highs and lows ranging from $4.18 to $1.54, whereas the simple moving average jumped by 1.90% in the last 200 days.
On February 15, 2023, UBS Upgraded Angi Inc (NASDAQ: ANGI) to Neutral. A report published by Citigroup on December 13, 2022, Initiated its previous ‘Buy’ rating for ANGI. UBS also rated ANGI shares as ‘Sell’, setting a target price of $2 on the company’s shares in an initiating report dated December 02, 2022. Goldman Initiated an Buy rating on January 07, 2022, and assigned a price target of $12.50. Truist resumed its ‘Buy’ rating for ANGI, as published in its report on August 06, 2021. RBC Capital Mkts’s report from August 06, 2021 suggests a price prediction of $14 for ANGI shares, giving the stock a ‘Sector Perform’ rating. Oppenheimer also rated the stock as ‘Outperform’.
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Analysis of Angi Inc (ANGI)
Further, the quarter-over-quarter decrease in sales is -31.96%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Angi Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -3.15% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.88, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and ANGI is recording an average volume of 741.39K. On a monthly basis, the volatility of the stock is set at 5.84%, whereas on a weekly basis, it is put at 6.11%, with a loss of -3.36% over the past seven days. Furthermore, long-term investors anticipate a median target price of $4.42, showing growth from the present price of $2.59, which can serve as yet another indication of whether ANGI is worth investing in or should be passed over.
How Do You Analyze Angi Inc Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 86.43%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 12.77% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ANGI shares are owned by institutional investors to the tune of 12.77% at present.
