ANGI Homeservices Inc. (ANGI) Stock: Here’s Why It’s Headed Down

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ANGI Homeservices Inc. (ANGI) is making a move down in the market today. The stock, focused on the technology industry, is presently priced at $8.90 after a move down of -5.42% so far today. When it comes to technology stocks, there are a number of aspects that have the potential to lead to declines in the market. News is one of the most common reasons for movement. Here are the recent stories centered around ANGI:

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Aug-09-19 03:58PM Nomura Bullish On InterActiveCorp, Cautious On ANGI Homeservices After Quarterly Reports
07:45AM Angi Homeservices gets a downgrade at Wedbush
Aug-08-19 09:23PM ANGI Homeservices Inc (ANGI) Q2 2019 Earnings Call Transcript
05:17PM Why ANGI Homeservices Shares Collapsed Today
04:32PM Dow closes 371 points higher; S&P 500 and Nasdaq end back in the black for the week

Nonetheless, any time investors are making a decision to invest, prospective investors should look at much more than just news, especially in the ever changing tech industry. Here’s what’s going on with ANGI Homeservices Inc..

Recent Movement Out of ANGI

Although a move toward the top in a single session, like what we’re seeing from ANGI Homeservices Inc. may lead to fear in some investors, a single session fall by itself shouldn’t be the reason for a decision to, or not to, invest in a stock. It is generally a good idea to dig into trends just a single trading session. In the case of ANGI, below are the returns on investment that investors have experienced:

  • Past 5 Trading Sessions – In the last week, ANGI has generated a price change in the amount of -33.58%.
  • Past Month – The return on investment from ANGI Homeservices Inc. over the past month works out to -35.46%.
  • Past Three Months – Over the past quarter, the company has generated a return that comes to -44.38%
  • Past Six Months – Throughout the last six months, we’ve seen a change that works out to -46.77% from the company.
  • This Year So Far – Since the close of last year ANGI has resulted in a return of -44.62%.
  • Annually – Finally, throughout the past year, investors have seen movement that works out to -44.24% from ANGI. Throughout this period, the stock has traded at a high of -62.84% and a low of 4.58%.

Ratios Worth Paying Attention To

Looking at various ratios having to do with a company generally gives prospective investors a look of just how risky and/or potentially profitable a pick might be. Here are some of the key ratios to consider when looking at ANGI.

Short Ratio – The short ratio is a measure of short interest. As the ratio climbs, it shows that more investors believe that the stock is headed for declines. Throughout the sector, strong tech stocks can carry a lower short ratio. However, we also see a lot of short squeezes in the space. Nonetheless, when it comes to ANGI Homeservices Inc., the stock’s short ratio is 6.68.

Quick & Current Ratios – The quick and current ratios are tools that are used to get an idea of the company’s liquidity. Basically, they measure the company’s abilities to cover its debts when they mature using quick assets or current assets. Because in tech, companies rely heavily on the continuation of support from investors as they work to bring new technologies to market, the quick and current ratios can be damning. However, some gems in the tech space do have good quick and current ratios. As far as ANGI, the quick and current ratios come to 2.20 and 2.20 respectively.  

Book To Share Value – The book to share value ratio compares the value of assets currently owned by the company to the share price. In this case, that ratio is 2.62.

Cash To Share Value – Finally, the cash to share value comparison compares the amount of cash the company has on hand to the value of shares. In this case, the cash to share value is 0.67.

Big Money And ANGI Homeservices Inc.

An interesting fact I have come to understand in my short time alive, or somewhat alive has been that good investors tend to follow the moves made by big money players. That is to say, investors that are trying to keep the risk down will keep an eye on investments made by institutions as well as insiders of the company. With that said, is big money interested in regard to ANGI? Here’s what’s happening:

Institutions own 90.70% of the company. Institutional interest has moved by -0.47% over the past three months. When it comes to insiders, those who are close to the company currently own 1.00% percent of ANGI shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

What Analysts Say About ANGI Homeservices Inc.

While it’s never a good idea to unknowingly follow the opinions of analysts, it is a smart idea to consider their opinions when validating your own thoughts when it comes to making investment decisions in the technology industry. Below you’ll find the recent moves that we have seen from analysts as it relates to ANGI.

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Aug-09-19 Downgrade Wedbush Outperform → Neutral $22 → $10
Jun-25-19 Reiterated Needham Buy $23 → $20
Apr-29-19 Initiated JP Morgan Overweight $20
Apr-08-19 Initiated Aegis Capital Buy $22
Feb-04-19 Initiated Goldman Buy $20

Earnings

What have ween seen from ANGI in terms of financial results?Here is the data:

  • Analyst Expectations – As it stands, Wall St. analysts have expectations that ANGI will report earnings per diluted share that comes to 0.31, with 0.02 being reported in the earnings report for the current quarter. Although this data isn’t tide to earnings, since we’re talking on the topic of Wall Street analysts, the stock is currently rated a 2.00 on a scale from 1 to 5 where 1 is the poorest Wall St. analyst grade and 5 is the best rating.
  • 5-Year Sales – In the past half decade, ANGI Homeservices Inc. has created a movement in sales that comes to a total of 35.70%. Earnings per share over the last half decade have seen movement in the amount of 17.80%.
  • Q/Q – when it comes to quarter over quarter data, or Q/Q data as it is commonly explained in today’s society, ANGI Homeservices Inc. has created a change in earnings that amounts to 202.60%. The company has also experienced movement in terms of sales volume that amounts to 18.80%.

What You Need To Know About Share Counts

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 516.73M shares of ANGI Homeservices Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, ANGI has a float of 83.94M.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to ANGI, the short percent of the float is 11.46%.

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