Anghami (NASDAQ:ANGH) Shares Down 0.6% – Time to Sell?

Anghami Inc. (NASDAQ:ANGH) dropped 0.6% on Friday . The stock traded as low as $3.20 and last traded at $3.38. Approximately 4,824 shares changed hands during trading, a decline of 90% from the average session volume of 46,101 shares. The stock had previously closed at $3.40.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded Anghami from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, June 26th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Anghami Stock Down 0.6%

The firm’s fifty day moving average is $3.90 and its 200 day moving average is $3.41.

Anghami (NASDAQ:ANGH) last released its earnings results on Thursday, April 30th. The company reported ($3.83) earnings per share for the quarter. The business 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.