Anghami (NASDAQ:ANGH) Shares Down 0.6% – Should You Sell?

Anghami Inc. (NASDAQ:ANGH) dropped 0.6% during trading on Friday . The stock traded as low as $3.20 and last traded at $3.38. Approximately 4,824 shares changed hands during trading, a decline of 90% from the average daily volume of 46,101 shares. The stock had previously closed at $3.40.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Anghami from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Anghami currently has an average rating of “Sell”.

Anghami Stock Down 0.6%

The business has a 50 day moving average price of $3.90 and a 200 day moving average price of $3.41.

Anghami (NASDAQ:ANGH) last announced its quarterly earnings results on Thursday, April 30th. The company reported ($3.83) earnings per share for the quarter. The company had revenue of $25.43 million during the quarter.

Anghami Company Profile

Anghami is a leading digital entertainment company that operates a music streaming platform tailored to audiences in the Middle East and North Africa (MENA) region. Headquartered in Beirut, Lebanon, the company provides both an ad-supported free tier and a premium subscription service that unlocks features such as offline listening, high-quality audio, and ad-free playback. Through partnerships with major international and regional record labels, Anghami offers a catalog that blends Arabic content with global hits, positioning itself as a cultural bridge for music fans across diverse markets.

The company was founded in 2012 by Eddy Maroun and Elie Habib, who recognized a gap in the digital music landscape of the Arab world.