Anghami Inc (NASDAQ: ANGH) is -3.94% lower on its value in year-to-date trading and has touched a low of $0.63 and a high of $3.49 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 $1.80 in the last trading session, with the day’s loss setting it -0.8%.
Currently trading at $1.00, the stock is -27.28% and -12.54% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.89 million and changing -44.50% at the moment leaves the stock -9.75% off its SMA200. ANGH registered -39.82% loss for a year compared to 6-month gain of 38.69%. The firm has a 50-day simple moving average (SMA 50) of $1.05 and a 200-day simple moving average (SMA200) of -$4.71.
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The stock witnessed a 7.13% loss in the last 1 month and extending the period to 3 months gives it a -7.50%, and is -50.05% down 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 33.17% over the week and 24.37% over the month.
Profit margin for the company is -49.46%. Distance from 52-week low is 58.57% and -71.38% from its 52-week high.
Anghami Inc quarterly earnings per share for the current quarter are estimated at $0.
13 institutions hold shares in Anghami Inc (ANGH), with institutional investors hold 45.42% of the company’s shares. The shares outstanding are 27.65M, and float is at 11.69M with Short Float at 0.34%. Institutions hold 21.65% of the Float.
The top institutional shareholder in the company is Geode Capital Management, LLC with over 17135.0 shares valued at $20047.0. The investor’s holdings represent 0.07% of the ANGH Shares outstanding. As of Jun 29, 2023, the second largest holder is Renaissance Technologies, LLC with 18296.0 shares valued at $21406.0 to account for 0.07% of the shares outstanding. The other top investors are Morgan Stanley which holds 7632.0 shares representing 0.03% and valued at over $8929.0, while Wells Fargo & Company holds 0.02% of the shares totaling 6250.0 with a market value of $7312.0.
