Anghami Inc (NASDAQ: ANGH) Could Bring Massive Returns?

In the last trading session, 0.87 million shares of the Anghami Inc (NASDAQ:ANGH) were traded, and its beta was 1.26. Most recently the company’s share price was $0.45, and it changed around -$0.02 or -3.22% from the last close, which brings the market valuation of the company to $30.12M. ANGH currently trades at a discount to its 52-week high of $1.01, offering almost -124.44% off that amount. The share price’s 52-week low was $0.42, which indicates that the current value has risen by an impressive 6.67% since then. We note from Anghami Inc’s average daily trading volume that its 10-day average is 0.92 million shares, with the 3-month average coming to 71.06K.

Anghami Inc (NASDAQ:ANGH) trade information

Instantly ANGH has showed a red trend with a performance of -3.22% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.5100 on recent trading dayincreased the stock’s daily price by 11.76%. The company’s shares are currently down -53.56% year-to-date, but still down -7.36% over the last five days. On the other hand, Anghami Inc (NASDAQ:ANGH) is -13.03% down in the 30-day period. We can see from the shorts that 25370.0 shares have been sold at a short interest cover period of 0.79 day(s).

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -33.33%.

ANGH Dividends

Anghami Inc’s next quarterly earnings report is expected to be released in August.

Anghami Inc (NASDAQ:ANGH)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 71.92% of Anghami Inc shares, and 2.94% of them are in the hands of institutional investors. The stock currently has a share float of 10.46%. Anghami Inc stock is held by 9.0 institutions, with MORGAN STANLEY being the largest institutional investor. By 2024-06-30, it held 0.1024% of the shares, which is about 27075.0 shares worth $28970.0.

XTX TOPCO LTD, with 0.0855% or 22612.0 shares worth $24082.0 as of 2024-06-30, holds the second largest percentage of outstanding shares.

The former held 35.05 shares worth $15790.0, making up 0.05% of all outstanding shares.

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