Angi Inc. Shares Plunge 2.86% Amid Revenue Growth Concerns

Angi Inc. (ANGI) shares rose 0.45% today, marking a significant intraday decline of 2.86% and reaching its lowest level since March 2025.

The strategy of buying ANGI shares after they reached a recent low and holding for 1 week yielded moderate returns over the past 5 years, with a 4.61% annualized gain. However, this was below the market average, as evidenced by the S&P 500's 7.61% annualized gain over the same period. The Sharpe ratio was -0.06, indicating that the risk-adjustated return was negative, suggesting that while there was some growth, it was not enough to offset the volatility of holding ANGI during that time frame. The strategy underperformed the market, and the negative Sharpe ratio suggests that it was not a profitable approach, at least in the context of the broader market performance.

Angi Inc. has been facing challenges in its core business operations, with recent reports indicating a decline in user engagement and revenue growth. The company's efforts to diversify its service offerings and expand into new markets have not yielded the expected results, leading to investor concerns about its long-term prospects.

Additionally, the company's recent strategic initiatives, including partnerships and acquisitions, have not been well-received by the market. Investors are questioning the effectiveness of these moves in driving sustainable growth and improving the company's financial performance.

Despite these challenges, Angi Inc. remains committed to its growth strategy and continues to invest in technology and innovation. The company's management team has expressed confidence in its ability to navigate the current market conditions and deliver value to shareholders in the long run.