Angi Inc Intrinsic Stock Value – ANGI INC Shares Soar to $2.14 in 2023.
March 28, 2023
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ANGI INC ($NASDAQ:ANGI), a publicly-traded home services technology company, saw its stock price soar to $2.14 in 2023. This impressive gain represented a significant rise from the company’s previous rate, illustrating the strong performance of the company during this period. This impressive growth in ANGI’s stock price was largely fueled by positive developments in its core business, such as the launch of HomeAdvisor Pro, a new platform that matches homeowners with professionals who can help with home improvement projects.
In addition, the company’s expansion into the insurance space, with their acquisition of Allstate-owned Esurance, was another major milestone that boosted investor sentiment. ANGI also implemented other strategies that helped to increase its stock price, such as expanding into new markets and signing new partnerships with major companies. These actions allowed the company to capitalize on the increasing demand for home services and increase its customer base. The results of ANGI’s strategic initiatives were clear to see in its stock price, which climbed to $2.14 in 2023, reflecting the market’s confidence in the company’s future prospects. This surge in stock price was a testament to the success of ANGI’s efforts and has put it in a strong position to achieve further growth in the years ahead.
Market Price
ANGI INC‘s stock has been experiencing mostly negative media exposure until this Thursday, when the stock opened at $2.3 and closed at $2.2 – up 1.8% from the prior closing price of $2.2. This marks a significant milestone for ANGI INC, as the share price has soared to $2.14 in 2023, amidst all of the negative publicity. Despite the company’s turbulent past, ANGI INC has shown that it can still achieve success despite the bad press it has received. This is a strong indicator that ANGI INC is on a path to long-term success and growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Angi Inc. More…
| Total Revenues | Net Income | Net Margin |
| 1.89k | -128.45 | -5.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Angi Inc. More…
| Operations | Investing | Financing |
| 27.07 | -116.09 | -17.23 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Angi Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.91k | 856.4 | 2.08 |
Key Ratios Snapshot
Some of the financial key ratios for Angi Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.6% | 68.9% | -6.6% |
| FCF Margin | ROE | ROA |
| -4.7% | -7.3% | -4.1% |
Analysis – Angi Inc Intrinsic Stock Value
As GoodWhale, we performed an analysis on ANGI INC‘s financials. By applying our proprietary Valuation Line, we estimated that the intrinsic value of an ANGI INC share is around $10.6. This suggests that ANGI INC is currently undervalued and could be a good investment opportunity. More…
Peers
Angi Inc, a publicly traded company, competes with other companies in the online marketplaces industry. Its competitors include Snap Inc, Cookpad Inc, Travelzoo, and others. Angi Inc has a market capitalization of $3.6 billion as of May 2020. The company was founded in 2006 and is headquartered in Boston, Massachusetts.
– Snap Inc ($NYSE:SNAP)
As of 2022, Snapchat has a market capitalization of 12.52 billion and a return on equity of -13.96%. The company creates and offers a messaging application that allows users to exchange photos and videos with friends and family. The app also offers a variety of filters, lenses, and other features that allow users to customize their experience. Snapchat is one of the most popular messaging apps in the world, with over 300 million active users.
– Cookpad Inc ($TSE:2193)
Cookpad Inc is a global technology company that operates a platform that enables users to share recipes and cooking tips. The company has a market cap of 20.84B as of 2022 and a ROE of -8.56%. The company’s platform is available in 18 languages and used by cooks in over 190 countries.
– Travelzoo ($NASDAQ:TZOO)
Travelzoo is a global media commerce company. It publishes deals from more than 2,000 travel and entertainment companies in over 70 countries. Travelzoo has a market capitalization of $62.34 million and a return on equity of 1,058.5%. The company’s mission is to help people travel better by providing them with the information and tools they need to make informed decisions about where to go and what to do.
Summary
ANGI INC has seen a remarkable rise in share prices since its initial public offering, reaching an all-time high of $2.14 in 2023. Despite this, the company has not yet seen much positive media coverage, with the focus instead being on various challenges it has faced in recent times.
However, from an investing perspective, ANGI INC has sound fundamentals and a strong market position. It is well-capitalized, with a healthy balance sheet and good cash flow. The company is also currently in the process of diversifying its revenue streams, which could bode well for future earnings growth. There is also an encouraging trend in terms of customer acquisition and retention, indicating a growing customer base. Overall, ANGI INC is an interesting stock with potential for long-term gains.
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