Southport Acquisition (NYSE:ANGX) Releases Earnings Results, Beats Estimates By $999.11 EPS

Southport Acquisition (NYSE:ANGX) issued its earnings results on Thursday. The company reported $999.00 EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $999.11, reports.

Southport Acquisition Stock Performance

NYSE ANGX opened at $3.10 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.61 and a debt-to-equity ratio of 1.12. The company’s 50 day simple moving average is $3.21. Southport Acquisition has a 52-week low of $2.05 and a 52-week high of $20.39. The company has a market capitalization of $526.16 million, a P/E ratio of -4.63 and a beta of 0.04.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Southport Acquisition in a research report on Friday, March 27th. 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. Maxim Group assumed coverage on shares of Southport Acquisition in a research report on Thursday, January 22nd. They set a “buy” rating and a $9.00 target price on the stock. Finally, B. Riley Financial assumed coverage on shares of Southport Acquisition in a research report on Wednesday, February 25th. They set a “buy” rating and a $7.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $8.25.

Southport Acquisition Company Profile

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.