Southport Acquisition (NYSE:ANGX) Now Covered by Analysts at Maxim Group

Maxim Group assumed coverage on shares of Southport Acquisition (NYSE:ANGX) in a research note issued to investors on Thursday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $9.00 price objective on the stock.

A number of other brokerages also recently issued reports on ANGX. Zacks Research raised shares of Southport Acquisition to a “hold” rating in a research report on Wednesday, December 17th. Weiss Ratings reissued a “sell (e+)” rating on shares of Southport Acquisition in a report on Monday, December 29th. Roth Mkm initiated coverage on Southport Acquisition in a research report on Tuesday, December 16th. They issued a “buy” rating and a $9.00 price target for the company. Wall Street Zen cut Southport Acquisition to a “strong sell” rating in a research report on Thursday, November 20th. Finally, Oppenheimer assumed coverage on Southport Acquisition in a research note on Thursday, December 18th. They set an “outperform” rating and a $8.00 price objective for the company. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Southport Acquisition has an average rating of “Hold” and an average price target of $8.67.

Southport Acquisition Stock Up 2.3%

Shares of ANGX stock opened at $4.54 on Thursday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.09 and a quick ratio of 1.07. The business has a 50 day moving average of $4.74. Southport Acquisition has a 52 week low of $3.77 and a 52 week high of $20.39. The company has a market capitalization of $765.58 million, a price-to-earnings ratio of -18.16 and a beta of 0.06.

Southport Acquisition Company Profile

Southport Acquisition Corporation does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or assets. It intends to identify business opportunities in the field of financial software space with a focus on mortgage and real estate verticals. The company was incorporated in 2021 and is based in Del Mar, California.