Southport Acquisition (NYSE:ANGX) Upgraded at Texas Capital

Texas Capital upgraded shares of Southport Acquisition (NYSE:ANGX) to a strong-buy rating in a research report released on Tuesday morning,Zacks.com reports.

Other equities research analysts have also issued reports about the company. B. Riley Financial assumed coverage on Southport Acquisition in a research note on Wednesday. They set a “buy” rating and a $7.00 price objective for the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Southport Acquisition in a research note on Monday, December 29th. Oppenheimer started coverage on Southport Acquisition in a research note on Thursday, December 18th. They issued an “outperform” rating and a $8.00 price objective for the company. Zacks Research upgraded Southport Acquisition to a “hold” rating in a report on Wednesday, December 17th. Finally, Wall Street Zen cut shares of Southport Acquisition to a “strong sell” rating in a research note on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $8.25.

Southport Acquisition Stock Up 6.3%

ANGX stock opened at $3.86 on Tuesday. Southport Acquisition has a 52 week low of $2.99 and a 52 week high of $20.39. The company has a quick ratio of 1.07, a current ratio of 1.09 and a debt-to-equity ratio of 1.12. The stock’s 50-day moving average is $4.08. The stock has a market capitalization of $650.91 million, a PE ratio of -15.44 and a beta of 0.05.

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.