Anghami (NASDAQ:ANGH) Trading 1.8% Higher – Still a Buy?

Anghami Inc. (NASDAQ:ANGH)’s stock price traded up 1.8% during trading on Wednesday . The stock traded as high as $3.42 and last traded at $3.2170. 5,519 shares traded hands during mid-day trading, a decline of 25% from the average session volume of 7,353 shares. The stock had previously closed at $3.16.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Anghami in a research note on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Anghami Stock Performance

The company’s 50 day moving average price is $3.51 and its 200-day moving average price is $3.10.

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