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ANGH Stock Forecast: All the More Reason to Consider Anghami Inc. (ANGH) Now

Anghami Inc. (NASDAQ: ANGH) is -66.57% lower on its value in year-to-date trading and has touched a low of $3.08 and a high of $33.13 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ANGH stock was last observed hovering at around $3.52 in the last trading session, with the day’s loss setting it -0.12% off its average median price target of $17.00 for the next 12 months. It is also 80.0% off the consensus price target high of $17.00 offered by 1 analysts, but current levels are 80.0% higher than the price target low of $17.00 for the same period.

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Currently trading at $3.40, the stock is -24.32% and -40.94% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.12 million and changing -3.41% at the moment leaves the stock -64.06% off its SMA200. ANGH registered -65.90% loss for a year compared to 6-month loss of -61.36%.

The stock witnessed a -50.72% gain in the last 1 month and extending the period to 3 months gives it a -63.44%, and is 0.29% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 12.40% over the week and 15.69% over the month.

Anghami Inc. (ANGH) has around 107 employees, a market worth around $88.98M and $32.31M in sales. Current P/E ratio is 16.04. Distance from 52-week low is 10.39% and -89.74% from its 52-week high.

Anghami Inc. (ANGH) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Anghami Inc. (ANGH) is a “Buy”. 1 analysts offering their recommendations for the stock have an average rating of 2.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

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Anghami Inc. (ANGH) Top Institutional Holders

The shares outstanding are 26.17M, and float is at 20.98M with Short Float at 0.26%.

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