Momentum Stock Watch: ANGI Homeservices Inc. (ANGI)

Company Profile:

ANGI Homeservices Inc creates digital marketplace for home services, connecting millions of homeowners across the globe with home service professionals. It brands include HomeAdvisor, Angie’s List, mHelpDesk, HomeStars (Canada), and MyHammer (Germany). The company was formerly known as Halo TopCo, Inc. and changed its name to ANGI Homeservices Inc. in May 2017. ANGI Homeservices Inc. was incorporated in 2017 and is headquartered in Denver, Colorado. ANGI Homeservices Inc. is a subsidiary of IAC/InterActiveCorp.

Recent News:

Angela Hicks, ANGI Homeservices Inc. Co-founder, talks about the need to get federal aid to small business owners and contractors.

ANGI Homeservices (ANGI) posted revenues of $321.51 million for the quarter ended December 2019. This compares to year-ago revenues of $278.99 million.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

ANGI’s strengths can be seen in its better profitability and strong efficiency compared with its peers. Its revenue has increased over recently several years. Technical indicators signal the bullish signs, as there is a bullish crossover in MACD and Stochastic oscillator and the RSI stands at 51.56 with positive bias. We rate ANGI Homeservices Inc. (ANGI) a STRONG BUY.

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