The stock of ANGI Homeservices Inc. (NASDAQ:ANGI) is now priced at $13.88 and the shares are -0.03 points down or -0.25% lower compared to its previous closing price of $13.91. The stock had 1.108 million contracts set over the past session. ANGI shares’ daily volume is compared to its average trading volume at 3.673 million shares. However, it has a float of 73.41 million and although its performance was -5.29% over the week, it’s one to watch. Analysts have given the ANGI stock a yearly average price target of $16.52 per share. It means the stock’s upside potential is 19.02% with the ANGI share price recently placing at $13.8321 to $14.06. However, some brokerage firms have priced the stock below the average, including one that has called $14.
The shorts are running away from the ANGI Homeservices Inc. stock, with the latest data on short interest released on August 14, 2020, showing that short interest numbers in the ANGI shares have declined. Short interest in the stock represents just 24.74% of its float, but the volume has dropped by -4566635. The volume of shorted shares dropped to 18.165 million from 22.732 million shares over the last two weeks. The average intraday trading volume has been 2.878 million shares, which means that days to cover moved to roughly 6.312179.
In the last trading session, ANGI Homeservices Inc. (NASDAQ:ANGI) dropped by -$0.77 over the week and lost -$2.05 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $17.05. The stock recorded its established 52-week high on 07/15/20.
Since 03/16/20, the stock has traded to a low of $4.1 at 238.41%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 2.11. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, ANGI Homeservices Inc.’s two-week RSI is 47.1. This suggests that the stock is neutral at the moment and that ANGI shares’ price movement remains stable. The stochastic readings are equally revealing at 45.58% meaning the ANGI share price is currently in neutral territory.
The technical chart shows that the ANGI stock will likely settle at between $14.01 and $14.15 per share. However, if the stock dips below $13.78, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $13.69.
Currently, the stock is trading in the red of MACD, with a reading of -0.25. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at Needham though raised target price of ANGI stock from $13 to $17 but maintained Buy recommendation in their June 24 review. BTIG Research analysts see the stock as a Buy in a flash note released to investors on June 11 initiating covering the stock. Needham analysts see the stock as Buy. Nonetheless, the analysts revised the share prices up on May 21, placing it at $13 from $11.
The average rating for the ANGI equity is 1.93 and is currently gathering a bullish momentum. Of 15 analysts tracking ANGI Homeservices Inc. polled by Reuters, 2 rated ANGI as a hold. The remaining 13 analysts were split evenly. However, the split wasn’t equal as a majority (13) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.
Elsewhere, the ANGI stock price is 116.6X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands at 277.5 above the group’s average of 44.1. ANGI Homeservices Inc. has its P/E ratio at 5.3, which means that the stock is currently trading at a discount relative to the 6.1 industry average.
Zacks Consensus Estimate forecasts that the current-quarter revenues for ANGI Homeservices Inc. (NASDAQ:ANGI) will decrease by about -99.89%, which will see them reach $394 million. The company’s full-year revenues are, however, expected to increase by about 10.53%, up from $1330 million to $1470 million. ANGI’s expected adjusted earnings should drop almost -75% to end up at $0.01 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -85.71% to record $0.01/share.