Angel Studios (NYSE:ANGX) Trading Down 7.5% – Here’s What Happened

Angel Studios, Inc. (NYSE:ANGX)’s share price dropped 7.5% on Monday . The company traded as low as $3.11 and last traded at $3.10. Approximately 449,328 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 1,122,810 shares. The stock had previously closed at $3.35.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ANGX shares. B. Riley Financial started coverage on Angel Studios in a research note on Wednesday, February 25th. They set a “buy” rating and a $7.00 price objective for the company. Texas Capital upgraded Angel Studios to a “strong-buy” rating in a research report on Tuesday, February 24th. Maxim Group assumed coverage on Angel Studios in a research report on Thursday, January 22nd. They set a “buy” rating and a $9.00 price target for the company. Wall Street Zen raised Angel Studios from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Angel Studios in a report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Angel Studios presently has an average rating of “Moderate Buy” and an average target price of $8.25.

Angel Studios Stock Down 9.6%

The business has a 50-day moving average of $3.19. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market cap of $564.45 million, a P/E ratio of -4.04 and a beta of 0.04.

Angel Studios (NYSE:ANGX) last announced its quarterly earnings results on Thursday, April 30th. The company reported $999.00 EPS for the quarter, beating the consensus estimate of ($0.11) by $999.11. On average, equities research analysts expect that Angel Studios, Inc. will post -0.42 EPS for the current year.

Insider Buying and Selling

In related news, Director Steven I. Sarowitz bought 321,544 shares of the stock in a transaction on Tuesday, May 5th. The stock was bought at an average price of $3.06 per share, with a total value of $983,924.64. Following the completion of the purchase, the director directly owned 326,840 shares in the company, valued at $1,000,130.40. This represents a 6,071.45% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 30.10% of the stock is owned by insiders.

Angel Studios Company Profile

Angel Studios, Inc is a media and entertainment company that develops, produces, distributes and licenses film and television content. The company uses a community-driven model through the Angel Guild, whose members help guide content decisions, and focuses on stories intended to “amplify light.” Angel Studios generates revenue from Guild memberships, theatrical releases, content licensing, merchandise, and its Pay It Forward model.

Angel Studios became publicly traded on the New York Stock Exchange under the ticker symbol ANGX in September 2025 following its business combination with Southport Acquisition Corporation, a special purpose acquisition company.