Southport Acquisition Corp (NYSE:ANGX) Receives $8.67 Average PT from Analysts

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

A number of research firms have commented on ANGX. Weiss Ratings restated a “sell (e+)” rating on shares of Southport Acquisition in a research note on Monday, December 29th. Wall Street Zen lowered Southport Acquisition to a “strong sell” rating in a report on Thursday, November 20th. Zacks Research raised Southport Acquisition to a “hold” rating in a research note on Wednesday, December 17th. Maxim Group began coverage on shares of Southport Acquisition in a research note on Thursday, January 22nd. They set a “buy” rating and a $9.00 price objective on the stock. Finally, Roth Mkm started coverage on shares of Southport Acquisition in a report on Tuesday, December 16th. They issued a “buy” rating and a $9.00 target price on the stock.

Southport Acquisition Stock Up 6.0%

NYSE ANGX opened at $3.37 on Monday. The firm has a 50-day simple moving average of $4.28. Southport Acquisition has a 12-month low of $2.99 and a 12-month high of $20.39. The company has a market cap of $568.28 million, a P/E ratio of -13.48 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.

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.