Angi Inc (ANGI) Stock Experiences Significant Drop Amid Industry Movements

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Nov 26, 2024

Angi Inc (ANGI, Financial) saw its stock price drop by 5.05%, trading at $1.88 per share. The trading volume reached 499,639 shares with a turnover rate of 0.10% and a price fluctuation of 6.31%. Recent financial reports show Angi Inc achieved a revenue of $297 million, a net profit of $35.16 million, and earnings per share of $0.07. The company's gross profit stood at $264 million, with a price-to-earnings ratio of 31.42.

Analyst ratings for Angi Inc are split evenly, with 50% of participating institutions recommending a buy and 50% suggesting a hold, with no sell recommendations. Within the internet information services industry, where Angi Inc operates, the overall sector saw a rise of 1.30%.

Among related stocks, Taboola Com Ltd C/Wts (To Pur Com), Podcastone, Inc., and Locafy Limited C/Wts 29/03/2027 (To Pur Com) showed significant gains. Meanwhile, TuanChe Ltd, Asset Entities Inc., and Trump Media & Technology Group were notably active with turnover rates of 41.18%, 4.70%, and 2.99%, respectively. Stocks with notable price fluctuations included Podcastone, Inc. at 29.65%, Vivid Seats Inc C/Wts 18/10/2026 (To Pur Com) at 29.35%, and Super League Enterprise, Inc. at 18.98%.

Angi Inc connects consumers with quality home service professionals across various categories, including repairs, renovations, cleaning, and landscaping. The company operates through three segments: Ads and Leads, Services, and International (Europe and Canada). Angi Inc's primary revenue source is the United States, and it manages several brands such as Angi, HomeAdvisor, and Handy.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.