(ANGI) ANGI Homeservices - Ratings and Ratios

Angi Inc. is a leading digital marketplace connecting homeowners with local professionals for various home services, operating through multiple brands including Angi, HomeAdvisor, and Handy. The companys platform provides consumers with a comprehensive suite of tools and resources, including a True Cost Guide that offers project cost information, ratings, reviews, and promotions. Angis business model is diversified across three segments: Ads and Leads, Services, and International, allowing it to cater to a broad range of customers and professionals.

The companys international presence is significant, with operations under various brands such as HomeStars, MyBuilder, MyHammer, Travaux, and Werkspot. This global footprint enables Angi to tap into the growing demand for home services worldwide. Furthermore, Angis platform offers a range of services, including pre-priced offerings, where consumers can request and pay for services directly through the platform.

From a technical analysis perspective, ANGIs stock has shown a recent uptrend, with its last price at $15.15, above its 20-day SMA of $12.18 and 50-day SMA of $14.18. However, it remains below its 200-day SMA of $19.83, indicating a potential long-term downtrend. The ATR of 0.96 represents a 6.31% daily price movement, suggesting moderate volatility. Considering the 52-week high of $28.80 and low of $11.20, the stock is currently trading near the lower end of its recent range.

Using fundamental data, ANGIs market capitalization stands at $621.21M, with a P/E ratio of 17.54 and a forward P/E of 7.51, indicating potential undervaluation. The RoE of 3.42% suggests that the company is generating returns, albeit modest. Combining technical and fundamental insights, a forecast for ANGIs stock could be made. Given the current price is near the lower end of its 52-week range and the forward P/E is relatively low, there is potential for a rebound. If the company can maintain its current growth trajectory and improve its RoE, the stock could see a price increase towards its 200-day SMA of $19.83 in the medium term.

Based on the analysis, a potential trading strategy could involve monitoring the stocks price movement and waiting for a breakout above its 200-day SMA, potentially targeting a price of $25-$28, representing a 65%-85% increase from the current price. However, this would require careful consideration of market conditions, company performance, and overall industry trends.