What Are Expectations For Angi Inc (NASDAQ: ANGI) In The Short Term?

Angi Inc (NASDAQ:ANGI) traded at $1.77 at close of the session on Friday, December 13 and made a downward move of -3.80% on its previous day’s price.

Looking at the stock we see that its previous close was $1.84 with the day’s price range being $1.72 – $1.84. The company has a trailing 12-month PE ratio of 28.23. In terms of its 52-week price range, ANGI has a high of $3.10 and a low of $1.65. The company’s stock has lost about -4.07% over that past 30 days.

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Angi Inc has a market cap of $846.69 million and is expected to release its quarterly earnings report in January.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 254.21M, with a low of 252M and a high of 255.5M. The median projection represents growth adding up to -15.39% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 1.17B, or -13.78% down from figures reported last year.

On the other hand, looking at the outlook for the ANGI stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell.

Based on estimates by 8 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 2 have rated the Angi Inc (ANGI) stock as a Hold, while 6 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the ANGI stock currently stands at 1.54, and the current price level is -7.48% off its SMA20 and -19.99% from its 50-day simple moving average. The RSI (14) is pointing at 34.53 while the volatility over the past week is 5.29% and jumps to 5.70% over the past one month. The beta value is 1.85, while the average true range (ATR) is currently pointing at 0.12. The average price target for the stock over the next 12 months is $3.25, with the estimates having a low of $3.25 and a high of $3.25. These price ends are -83.62% and -83.62% off the current price level respectively, although investors could be excited at the prospect of a -83.62% if the ANGI share price touches on the median price of $3.25.

Coming back to Angi Inc (NASDAQ:ANGI), we note that the average 3-month trading volume was 783.26K, while that of the preceding 10-day period stands at 1.28 million. Current shares outstanding are 75.71 million.

The insiders hold 87.10% of the company’s shares while institutions hold 9.71%. The data shows that short shares as of 2024-11-29, stood at 8.13 million at a short ratio of 7.4. This represents a 1273.00 short interest in shares outstanding on 2024-11-29. Shares short rose in November from the previous month at 7.98 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -28.92% down in year-to-date price movement.

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