Southport Acquisition (NYSE:ANGX) Trading Down 5.6% – Time to Sell?

Posted by Lauren Steadman on Jan 6th, 2026

Southport Acquisition Corp (NYSE:ANGX – Get Free Report)’s stock price dropped 5.6% during trading on Tuesday . The stock traded as low as $4.36 and last traded at $4.40. Approximately 251,894 shares traded hands during trading, a decline of 46% from the average daily volume of 467,556 shares. The stock had previously closed at $4.66.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ANGX. Weiss Ratings restated a “sell (e+)” rating on shares of Southport Acquisition in a research report on Monday, December 29th. Oppenheimer assumed coverage on shares of Southport Acquisition in a report on Thursday, December 18th. They set an “outperform” rating and a $8.00 price target for the company. Wall Street Zen lowered shares of Southport Acquisition to a “strong sell” rating in a research report on Thursday, November 20th. Zacks Research upgraded shares of Southport Acquisition to a “hold” rating in a research report on Wednesday, December 17th. Finally, Roth Capital initiated coverage on Southport Acquisition in a report on Tuesday, December 16th. They issued a “buy” rating and a $9.00 price objective for the company. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $8.50.

View Our Latest Research Report on Southport Acquisition

Southport Acquisition Price Performance

The company has a debt-to-equity ratio of 1.12, a current ratio of 1.09 and a quick ratio of 1.07.

About Southport Acquisition

(Get Free Report)

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.