In the latest trading session, 31.06 million Anghami Inc (NASDAQ:ANGH) shares changed hands as the company’s beta touched 0.67. With the company’s most recent per share price at $2.38 changing hands around $0.8 or 50.32% at last look, the market valuation stands at $61.77M. ANGH’s current price is a discount, trading about -28.15% off its 52-week high of $3.05. The share price had its 52-week low at $0.63, which suggests the last value was 73.53% up since then. When we look at Anghami Inc’s average trading volume, we note the 10-day average is 57680.0 shares, with the 3-month average coming to 27.77K.
Analysts gave the Anghami Inc (ANGH) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended ANGH as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Anghami Inc’s EPS for the current quarter is expected to be $0.
Anghami Inc (NASDAQ:ANGH) trade information
Instantly ANGH is in green as seen in intraday trades today. With action 141.73%, the performance over the past five days has been green. The jump to weekly highs of 2.5000 on Monday, 11/20/23 added 50.32% to the stock’s daily price. The company’s shares are showing year-to-date upside of 48.90%, with the 5-day performance at 141.73% in the green. However, in the 30-day time frame, Anghami Inc (NASDAQ:ANGH) is 137.50% up. Looking at the short shares, we see there were 12430.0 shares sold at short interest cover period of 0.76 days.
The consensus price target for the stock as assigned by Wall Street analysts is $17.00, meaning bulls need an upside of 86.0% from its recent market value. According to analyst projections, ANGH’s forecast low is $17.00 with $17.00 as the target high. To hit the forecast high, the stock’s price needs a -614.29% plunge from its current level, while the stock would need to soar -614.29% for it to hit the projected low.
Anghami Inc is expected to release its next quarterly earnings report in December.
Anghami Inc (NASDAQ:ANGH)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 44.11% of Anghami Inc shares while 31.25% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 55.90%. There are 31.25% institutions holding the Anghami Inc stock share, with Geode Capital Management, LLC the top institutional holder. As of Jun 29, 2023, the company held 0.07% of the shares, roughly 17135.0 ANGH shares worth $20047.0.
Renaissance Technologies, LLC holds the second largest percentage of outstanding shares, with 0.07% or 18296.0 shares worth $21406.0 as of Jun 29, 2023.
With 17135.0 shares estimated at $19533.0 under it, the former controlled 0.07% of total outstanding shares.