Southport Acquisition (NYSE:ANGX) Shares Down 5.6% – Here’s What Happened

Posted by Paula Ricardo on Jan 6th, 2026

Southport Acquisition Corp (NYSE:ANGX – Get Free Report) shares were down 5.6% during mid-day trading on Tuesday . The company 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

ANGX has been the topic of several analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Southport Acquisition in a research note on Monday, December 29th. Oppenheimer began coverage on Southport Acquisition in a research note on Thursday, December 18th. They set an “outperform” rating and a $8.00 target price for the company. Wall Street Zen cut Southport Acquisition to a “strong sell” rating in a research note on Thursday, November 20th. Zacks Research upgraded Southport Acquisition to a “hold” rating in a report on Wednesday, December 17th. Finally, Roth Capital started coverage on Southport Acquisition in a research report on Tuesday, December 16th. They issued a “buy” rating and a $9.00 target price on the stock. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Southport Acquisition currently has an average rating of “Hold” and an average target price of $8.50.

Check Out Our Latest Stock Analysis 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.