Angi Inc (NASDAQ:ANGI) 11.76% Above Its 52-Week Low, But Can It Keep Rising?

In last trading session, Angi Inc (NASDAQ:ANGI) saw 0.35 million shares changing hands with its beta currently measuring 1.87. Company’s recent per share price level of $1.87 trading at -$0.03 or -1.58% at ring of the bell on the day assigns it a market valuation of $929.89M. That closing price of ANGI’s stock is at a discount of -65.78% from its 52-week high price of $3.10 and is indicating a premium of 11.76% from its 52-week low price of $1.65. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.31 million shares which gives us an average trading volume of 684.10K if we extend that period to 3-months.

For Angi Inc (ANGI), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 8 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.0 in the current quarter.

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Angi Inc (NASDAQ:ANGI) trade information

Upright in the red during last session for losing -1.58%, in the last five days ANGI remained trading in the red while hitting it’s week-highest on Monday, 11/25/24 when the stock touched $1.87 price level, adding 9.22% to its value on the day. Angi Inc’s shares saw a change of -24.90% in year-to-date performance and have moved -4.59% in past 5-day. Angi Inc (NASDAQ:ANGI) showed a performance of -22.41% in past 30-days. Number of shares sold short was 7.82 million shares which calculate 9.77 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 3.29 to the stock, which implies a rise of 43.16% to its current value. Analysts have been projecting 2 as a low price target for the stock while placing it at a high target of 15. It follows that stock’s current price would drop -6.95% in reaching the projected high whereas dropping to the targeted low would mean a loss of -6.95% for stock’s current value.

Angi Inc (ANGI) estimates and forecasts

Statistics highlight that Angi Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -7.43% of value to its shares in past 6 months, showing an annual growth rate of 166.67% while that of industry is 13.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -13.78% from the last financial year’s standing.

9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 254.21M for the same. And 6 analysts are in estimates of company making revenue of 261.65M in the next quarter. Company posted 300.43M and 305.39M of sales in current and next quarters respectively a year earlier.

In 2024, company’s earnings growth rate is likely to be around 195.85% while estimates for its earnings growth in next 5 years are of 18.30%.

Angi Inc (NASDAQ:ANGI)’s Major holders

Insiders are in possession of 7.18% of company’s total shares while institution are holding 72.28 percent of that, with stock having share float percentage of 77.88%. Investors also watch the number of corporate investors in a company very closely, which is 72.28% institutions for Angi Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at ANGI for having 6.7 million shares of worth $12.87 million. And as of 2024-06-30, it was holding 1.3338 of the company’s outstanding shares.

The second largest institutional holder is PALE FIRE CAPITAL SE, which was holding about 6.41 million shares on 2024-06-30. The number of shares represents firm’s hold over 1.2757 of outstanding shares, having a total worth of $12.31 million.

On the other hand, Fidelity Select Portfolios – Communication Services Portfolio and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 3.45 shares of worth $6.41 million or 4.58% of the total outstanding shares. The later fund manager was in possession of 2.21 shares on Jun 30, 2024 , making its stake of worth around $4.1 million in the company or a holder of 2.93% of company’s stock.