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Wednesday, September 27, 2023

Angi Inc. (ANGI): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Angi Inc. (ANGI) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.01, or 0.40%, to $2.49. The Angi Inc. has recorded 2,293 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that IAC to Participate in the Goldman Sachs Communicopia + Technology Conference.

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Stocks Info

This NASDAQ-listed company operates within the Internet Content & Information industry segment, falling under the Communication Services sector. At the end of the last regular session, the stock closed at $2.48 and fluctuated between $2.5400 as its day high and $2.4500 as its day low. The current market capitalization of Angi Inc. is $1.25B. A total of 0.29 million shares were traded on the day, compared to an average of 681.87K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, ANGI has seen 8 BUY and 2 SELL insider trades, representing the acquisition of 263,241 and the disposition of 71,539 shares. Over the last 12 months, there were 20 BUYs and 16 SELLs from insiders. Insiders purchased 827,414 shares during that period but sold 321,411.

In the most recent transaction, Shanmugasundaram Kulesh sold 48,164 shares of ANGI for 3.00 per share on Feb 01. After the transaction, the Chief Technology Officer now owns 22,416 company shares. In a previous transaction on Jan 30, Shanmugasundaram Kulesh sold 6 shares at 3.00 per share. ANGI shares that Chief Technology Officer owns now total 70,580.

Among the insiders who sold shares, Shanmugasundaram Kulesh disposed of 400 shares on Jan 24 at a per-share price of $3.00. This resulted in the Chief Technology Officer holding 70,586 shares of ANGI after the transaction.

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Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for ANGI in the last 3 months, the mean price target is $4.53 with high estimates of $8.00 and low estimates of $3.00. In terms of 52-week highs and lows, ANGI has a high of $4.18 and a low of $1.81.

As of this writing, ANGI has an earnings estimate of -$0.03 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of -$0.02 per share and a lower estimate of -$0.05. The company reported an EPS of -$0.03 in the last quarter, which was 50.00% higher than expectations of -$0.06.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. ANGI’s latest balance sheet shows that the firm has $428.14M in Cash & Short Term Investments as of fiscal 2021. There were $494.55M in debt and $276.51M in liabilities at the time. Its Book Value Per Share was $2.05, while its Total Shareholder’s Equity was $1.15B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ANGI is Buy with a score of 4.40.

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