Anghami Inc (NASDAQ: ANGH) has experienced a decline in its stock price by -20.36 compared to its previous closing price of 0.78. However, the company has seen a fall of -20.26% in its stock price over the last five trading days. prnewswire.com reported 2024-12-16 that Anghami Strengthens Regional Streaming Leadership with up to $55 Million Commitment from OSN Group ABU DHABI, UAE, Dec. 16, 2024 /PRNewswire/ — Building on the success of their partnership, Anghami Inc. (NASDAQ: ANGH) has announced that it secured a significant new round of funding, from OSN Group of up to USD $55 million with a USD $12 million initial investment in a convertible note program. This investment represents a significant milestone in Anghami Inc.’s journey to redefine digital entertainment in the MENA region, further solidifying its position as the go-to destination for premium audio and video content.
Is It Worth Investing in Anghami Inc (NASDAQ: ANGH) Right Now?
The 36-month beta value for ANGH is at 1.44. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ANGH is 11.27M, and currently, shorts hold a 1.09% of that float. The average trading volume for ANGH on January 14, 2025 was 91.82K shares.
ANGH’s Market Performance
ANGH stock saw a decrease of -20.26% in the past week, with a monthly decline of -27.00% and a quarterly a decrease of -25.06%. The volatility ratio for the week is 10.05%, and the volatility levels for the last 30 days are 8.91% for Anghami Inc (ANGH). The simple moving average for the past 20 days is -21.60% for ANGH’s stock, with a -33.94% simple moving average for the past 200 days.
ANGH Trading at -18.91% from the 50-Day Moving Average
After a stumble in the market that brought ANGH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -72.60% of loss for the given period.
Volatility was left at 8.91%, however, over the last 30 days, the volatility rate increased by 10.05%, as shares sank -23.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.27% lower at present.
During the last 5 trading sessions, ANGH fell by -20.26%, which changed the moving average for the period of 200-days by -68.90% in comparison to the 20-day moving average, which settled at $0.7934. In addition, Anghami Inc saw -24.51% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ANGH
Current profitability levels for the company are sitting at:
- -0.21 for the present operating margin
- 0.32 for the gross margin
The net margin for Anghami Inc stands at -0.17. The total capital return value is set at 0.38. Equity return is now at value -80.27, with -38.54 for asset returns.
Based on Anghami Inc (ANGH), the company’s capital structure generated -0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -297.54.
Currently, EBITDA for the company is -11.52 million with net debt to EBITDA at 1.75. When we switch over and look at the enterprise to sales, we see a ratio of 0.55. The receivables turnover for the company is 2.54for trailing twelve months and the total asset turnover is 1.15. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.01.
Conclusion
In conclusion, Anghami Inc (ANGH) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
