Angel Studios (NYSE:ANGX) Trading Up 7.2% – Here’s What Happened

Angel Studios, Inc. (NYSE:ANGX) traded up 7.2% on Thursday . The stock traded as high as $3.89 and last traded at $3.9450. Approximately 278,035 shares were traded during trading, a decline of 76% from the average daily volume of 1,174,685 shares. The stock had previously closed at $3.68.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wall Street Zen upgraded Angel Studios from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. B. Riley Financial reiterated a “buy” rating and issued a $8.00 price objective (up from $7.00) on shares of Angel Studios in a research note on Tuesday, June 30th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Angel Studios in a research note on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $8.50.

Angel Studios Stock Up 15.6%

The business has a 50-day simple moving average of $3.68 and a 200-day simple moving average of $3.37. The stock has a market cap of $793.17 million, a P/E ratio of -4.58 and a beta of -0.02.

Angel Studios (NYSE:ANGX) last announced its earnings results on Tuesday, August 4th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.02. The firm had revenue of $111.71 million during the quarter. On average, analysts predict that Angel Studios, Inc. will post -0.37 earnings per share for the current fiscal year.

Institutional Trading of Angel Studios

A number of hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC acquired a new position in shares of Angel Studios during the first quarter valued at about $273,000. Lazard Asset Management LLC bought a new stake in shares of Angel Studios during the first quarter valued at approximately $174,000. Cetera Investment Advisers increased its position in shares of Angel Studios by 124.0% during the first quarter. Cetera Investment Advisers now owns 25,135 shares of the company’s stock valued at $77,000 after purchasing an additional 13,915 shares during the period. Whitcomb & Hess Inc. acquired a new position in shares of Angel Studios in the second quarter valued at $49,000. Finally, OneAscent Financial Services LLC bought a new position in Angel Studios in the second quarter worth $41,000. 38.57% of the stock is owned by 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.