Southport Acquisition Corp (NYSE:ANGX) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analysts give Southport Acquisition (ANGX) a consensus rating of Moderate Buy from seven brokers (1 sell, 1 hold, 4 buy, 1 strong buy) with an average 1‑year target price of $8.25.
• The stock surged 20.8%, opening at $3.10; it remains highly volatile with a 52‑week range of $2.05–$20.39 and a market cap of about $526 million, while valuation metrics show a negative P/E and tight liquidity (quick ratio 0.61).
• Southport is a blank‑check SPAC targeting financial software in the mortgage/real estate verticals, reported an anomalous quarterly EPS of $999.00 (beating estimates), yet analysts still forecast about -0.41 EPS for the current fiscal year.

Southport Acquisition Corp (NYSE:ANGX - Get Free Report) has earned a consensus rating of "Moderate Buy" from the seven brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $8.25.

ANGX has been the subject of several recent research reports. Weiss Ratings reissued a "sell (e+)" rating on shares of Southport Acquisition in a research report on Friday, March 27th. B. Riley Financial initiated coverage on shares of Southport Acquisition in a research report on Wednesday, February 25th. They issued a "buy" rating and a $7.00 price objective for the company. Wall Street Zen raised shares of Southport Acquisition from a "strong sell" rating to a "sell" rating in a research report on Saturday. Texas Capital raised shares of Southport Acquisition to a "strong-buy" rating in a research report on Tuesday, February 24th. Finally, Maxim Group initiated coverage on shares of Southport Acquisition in a research report on Thursday, January 22nd. They issued a "buy" rating and a $9.00 price objective for the company.

Southport Acquisition Stock Up 20.8%

Southport Acquisition stock opened at $3.10 on Friday. Southport Acquisition has a 52-week low of $2.05 and a 52-week high of $20.39. The stock has a fifty day simple moving average of $3.21. The firm has a market capitalization of $526.16 million, a price-to-earnings ratio of -4.63 and a beta of 0.04. The company has a quick ratio of 0.61, a current ratio of 0.62 and a debt-to-equity ratio of 1.12.

Southport Acquisition (NYSE:ANGX - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The company reported $999.00 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $999.11. On average, research analysts expect that Southport Acquisition will post -0.41 EPS for the current fiscal year.

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.

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