Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Anghami Inc’s current trading price is -21.31% away from its 52-week high, while its distance from the 52-week low is 280.94%. The stock’s price range during this period has varied between $0.63 and $3.05. The company, active in the Communication Services sector, saw a trading volume of around 34.9 million for the day, considerably higher average daily volume of 27770.0 observed over the last three months.
Currently, the stock price of Anghami Inc (ANGH) is $2.40. In the most recent trading session, the stock underwent a significant upswing, peaking at $1.65 after opening at $1.29. The stock touched a low of $1.26 before closing at $1.58.
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Anghami Inc’s stock has seen a rocky market performance. The company’s stock achieved a 1-year high of $3.05 on 12/06/22, and the lowest price during that time was $0.63, recorded on 09/22/23.
How Financial Performance Impacts Market Capitalization
Anghami Inc (ANGH) has experienced a quarterly rise of 147.41% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 62.42M and boasts a workforce of 145 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.9802, with a change in price of +1.2750. Similarly, Anghami Inc recorded 357,385 in trading volume during the last 100 days, posting a change of +108.97%.
ANGH Stock Stochastic Average
As of today, the raw stochastic average of Anghami Inc over the past 50 days is 95.03%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 94.69%. Additionally, the Stochastic %K and %D values for the company were 90.30% and 77.46%, respectively, over the past 20 days.
ANGH Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. This year’s metric has recorded a Price increase of 50.46%. However, over the past six months, we’ve seen a weaker performance of 93.54%. The price of ANGH fallen by 139.99% over the last 30 days. And in the last five days, it has surged by 144.26%.
