Anghami (NASDAQ:ANGH) Trading Up 1.7% – Here’s Why

Shares of Anghami Inc. (NASDAQ:ANGH) were up 1.7% during trading on Thursday . The company traded as high as $3.42 and last traded at $3.3360. Approximately 1,427 shares changed hands during trading, a decline of 96% from the average session volume of 40,022 shares. The stock had previously closed at $3.28.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Anghami from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Anghami Stock Up 3.8%

The company has a 50 day moving average price of $3.89 and a 200 day moving average price of $3.41.

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

About Anghami

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.