Southport Acquisition (NYSE:ANGX) Research Coverage Started at B. Riley Financial

B. Riley Financial began coverage on shares of Southport Acquisition (NYSE:ANGX) in a research note released on Wednesday, MarketBeat reports. The brokerage issued a buy rating and a $7.00 price objective on the stock.

Other equities research analysts also recently issued reports about the stock. Zacks Research raised shares of Southport Acquisition to a “hold” rating in a research report on Wednesday, December 17th. Roth Mkm initiated coverage on Southport Acquisition in a research note on Tuesday, December 16th. They issued a “buy” rating and a $9.00 target price on the stock. Oppenheimer began coverage on Southport Acquisition in a research report on Thursday, December 18th. They set an “outperform” rating and a $8.00 price target for the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Southport Acquisition in a report on Monday, December 29th. Finally, Maxim Group began coverage on Southport Acquisition in a research note on Thursday, January 22nd. They issued a “buy” rating and a $9.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $8.25.

Southport Acquisition Price Performance

ANGX opened at $3.91 on Wednesday. Southport Acquisition has a 1 year low of $2.99 and a 1 year 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 has a market cap of $659.34 million, a P/E ratio of -15.64 and a beta of 0.05. The business’s fifty day moving average price is $4.05.

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.