Southport Acquisition Corp (NYSE:ANGX) Receives Consensus Rating of “Hold” from Analysts

Southport Acquisition Corp (NYSE:ANGX) has earned an average rating of “Hold” from the five research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $8.6667.

Several equities analysts have commented on ANGX shares. Roth Mkm began coverage on shares of Southport Acquisition in a research note on Tuesday, December 16th. They issued a “buy” rating and a $9.00 price target for the company. Oppenheimer began coverage on Southport Acquisition in a report on Thursday, December 18th. They issued an “outperform” rating and a $8.00 target price for the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Southport Acquisition in a research note on Monday, December 29th. Maxim Group began coverage on Southport Acquisition in a research report on Thursday, January 22nd. They issued a “buy” rating and a $9.00 price target on the stock. Finally, Zacks Research upgraded Southport Acquisition to a “hold” rating in a research note on Wednesday, December 17th.

Southport Acquisition Stock Performance

Shares of ANGX stock opened at $3.27 on Monday. Southport Acquisition has a fifty-two week low of $2.99 and a fifty-two week high of $20.39. The company has a 50 day simple moving average of $4.39. The firm has a market capitalization of $551.42 million, a PE ratio of -13.08 and a beta of 0.05. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 1.12.

About Southport Acquisition

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.