Angi Inc (NASDAQ: ANGI) Shares Might Go Down -43.90% This Year

In the last trading session, 1.06 million shares of the Angi Inc (NASDAQ:ANGI) were traded, and its beta was 1.90. Most recently the company’s share price was $1.61, and it changed around -$0.05 or -3.01% from the last close, which brings the market valuation of the company to $810.39M. ANGI currently trades at a discount to its 52-week high of $2.92, offering almost -81.37% off that amount. The share price’s 52-week low was $1.49, which indicates that the current value has risen by an impressive 7.45% since then.

Angi Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.20. If we narrow it down even further, the data shows that 0 out of 10 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 6 recommended ANGI as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Angi Inc is expected to report earnings per share of -0.01 for the current quarter.

Angi Inc (NASDAQ:ANGI) trade information

Instantly ANGI has showed a red trend with a performance of -3.01% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.7800 on recent trading dayincreased the stock’s daily price by 9.55%. The company’s shares are currently down -3.01% year-to-date, but still down -6.40% over the last five days. On the other hand, Angi Inc (NASDAQ:ANGI) is -10.56% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $3.29, which translates to bulls needing to increase their stock price by 51.06% from its current value. Analyst projections state that ANGI is forecast to be at a low of $2 and a high of $15.

Angi Inc (ANGI) estimates and forecasts

The year-over-year growth rate is expected to be -12.30%, down from the previous year.

Consensus estimates provided by 9 financial analysts predict the company will bring in an average of 239.73M in revenue for the current quarter. 9 analysts expect Angi Inc to make 266.76M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 305.39M and 315.13M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -21.50%. Forecasts for the next quarter put sales growth at -15.35%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 1.13%. Angi Inc earnings are expected to increase by -16.61% in 2025, but the outlook is positive 41.77% per year for the next five years.

ANGI Dividends

Angi Inc’s next quarterly earnings report is expected to be released in April.

PALE FIRE CAPITAL SE, with 1.2784% or 6.41 million shares worth $12.31 million as of 2024-06-30, holds the second largest percentage of outstanding shares.