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Market Chameleon (Wed, 31-Dec 4:51 AM ET)
Subscriber Base Surges 97%: Anghami Accelerates Expansion with Warner Bros. Discovery Deal
Market Chameleon (Wed, 31-Dec 2:05 AM ET)
Anghami Inc is a digital music entertainment technology platform in the Middle East and North Africa, with a catalog of songs. The company features licensed content from Arabic labels, independent artists, and distributors. It also features music from International labels such as Universal, Sony, and Warner Music. It generates the majority of its revenue from subscriptions.
Anghami - trades on the NASDAQ stock market under the symbol ANGH.
As of April 6, 2026, ANGH stock price climbed to $3.72 with 1,025 million shares trading.
ANGH has a beta of 0.93, meaning it tends to be less sensitive to market movements. ANGH has a correlation of 0.04 to the broad based SPY ETF.
ANGH has a market cap of $33.69 million. This is considered a Sub-Micro Cap stock.
In the last 3 years, ANGH traded as high as $34.90 and as low as $2.25.
ANGH has underperformed the market in the last year with a return of -39.1%, while the SPY ETF gained +31.9%. In the last 3 month period, ANGH fell short of the market, returning -20.1%, while SPY returned -4.5%. However, in the most recent 2 weeks ANGH has outperformed the stock market by returning +16.9%, while SPY returned +0.5%.
ANGH support price is $3.09 and resistance is $3.77 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ANGH shares will trade within this expected range on the day.