ANGH Stock Summary and Trading Ideas (Anghami - | NASDAQ:ANGH)

Anghami Inc is a digital music entertainment technology platform in the Middle East and North Africa, with the largest catalog of songs. The company features licensed content from leading Arabic labels, independent artists, and distributors. It also features music from major International labels such as Universal, Sony, and Warner and is continuously licensing new content.

Anghami - trades on the NASDAQ stock market under the symbol ANGH.

As of April 19, 2024, ANGH stock price declined to $1.21 with 39,835 million shares trading.

ANGH has a beta of 0.22, meaning it tends to be less sensitive to market movements. ANGH has a correlation of 0.00 to the broad based SPY ETF.

ANGH has a market cap of $80.71 million. This is considered a Micro Cap stock.

ANGH stock has underperformed the market in the last year with a return of -26.2%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in ANGH shares. However, ANGH has outperformed the market in the last 3 month and 2 week periods, returning +14.2% and +11.0%, while SPY returned +4.3% and -3.5%, respectively. This indicates ANGH has been having a stronger performance recently.

ANGH support price is $1.09 and resistance is $1.39 (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 stock will trade within this expected range on the day.