Angel Studios (NYSE:ANGX) Trading 11.2% Higher – Here’s Why

Angel Studios, Inc. (NYSE:ANGX)’s stock price was up 11.2% on Monday . The company traded as high as $3.20 and last traded at $3.2250. Approximately 482,892 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 1,116,329 shares. The stock had previously closed at $2.90.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ANGX. B. Riley Financial began coverage on shares of Angel Studios in a research note on Wednesday, February 25th. They issued a “buy” rating and a $7.00 price objective on the stock. Wall Street Zen raised shares of Angel Studios from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Angel Studios in a research note on Friday, March 27th. Finally, Texas Capital raised shares of Angel Studios to a “strong-buy” rating in a research note on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $8.25.

Angel Studios Stock Performance

The company has a debt-to-equity ratio of 1.12, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a market cap of $585.89 million, a price-to-earnings ratio of -4.19 and a beta of 0.05. The stock’s 50-day moving average is $2.75 and its 200 day moving average is $3.63.

Angel Studios (NYSE:ANGX) last released its earnings results on Thursday, April 30th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.03. The business had revenue of $115.11 million during the quarter. As a group, analysts predict that Angel Studios, Inc. will post -0.42 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Steven I. Sarowitz purchased 321,544 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was acquired at an average price of $3.06 per share, for a total transaction of $983,924.64. Following the acquisition, the director directly owned 326,840 shares of the company’s stock, valued at $1,000,130.40. This trade represents a 6,071.45% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 30.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ANGX. EverSource Wealth Advisors LLC increased its holdings in Angel Studios by 77.0% in the first quarter. EverSource Wealth Advisors LLC now owns 8,718 shares of the company’s stock valued at $27,000 after buying an additional 3,793 shares in the last quarter. Cetera Investment Advisers increased its holdings in Angel Studios by 124.0% in the first quarter. Cetera Investment Advisers now owns 25,135 shares of the company’s stock valued at $77,000 after buying an additional 13,915 shares in the last quarter. Lazard Asset Management LLC purchased a new position in Angel Studios in the first quarter valued at about $174,000. Finally, Renaissance Technologies LLC purchased a new position in Angel Studios in the first quarter valued at about $273,000. 38.57% of the stock is owned by hedge funds and other institutional investors.

About Angel Studios

Angel Studios, Inc is a media and entertainment company that develops, produces, distributes and licenses film and television content. The company uses a community-driven model through the Angel Guild, whose members help guide content decisions, and focuses on stories intended to “amplify light.” Angel Studios generates revenue from Guild memberships, theatrical releases, content licensing, merchandise, and its Pay It Forward model.

Angel Studios became publicly traded on the New York Stock Exchange under the ticker symbol ANGX in September 2025 following its business combination with Southport Acquisition Corporation, a special purpose acquisition company.