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Southport Acquisition Corp (PORT)
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Upturn Advisory Summary
12/20/2024: PORT (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: WEAK BUY |
Historic Profit: 8.5% | Upturn Advisory Performance 5 | Avg. Invested days: 113 |
Profits based on simulation | Stock Returns Performance 2 | Last Close 12/20/2024 |
Type: Stock | Today’s Advisory: WEAK BUY |
Historic Profit: 8.5% | Avg. Invested days: 113 |
Upturn Star Rating | Stock Returns Performance 2 |
Profits based on simulation Last Close 12/20/2024 | Upturn Advisory Performance 5 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 64.48M USD |
Price to earnings Ratio - | 1Y Target Price - |
Dividends yield (FY) - | Basic EPS (TTM) -0.1 |
Volume (30-day avg) 130 | Beta - |
52 Weeks Range 10.63 - 13.54 | Updated Date 12/25/2024 |
Company Size Small-Cap Stock | Market Capitalization 64.48M USD | Price to earnings Ratio - | 1Y Target Price - |
Dividends yield (FY) - | Basic EPS (TTM) -0.1 | Volume (30-day avg) 130 | Beta - |
52 Weeks Range 10.63 - 13.54 | Updated Date 12/25/2024 |
Earnings Date
Report Date - | When - |
Estimate - | Actual - |
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) -0.79% | Return on Equity (TTM) - |
Valuation
Trailing PE - | Forward PE - |
Enterprise Value 63960200 | Price to Sales(TTM) - |
Enterprise Value to Revenue - | Enterprise Value to EBITDA 15.03 |
Shares Outstanding 4237990 | Shares Floating 1163131 |
Percent Insiders 99.1 | Percent Institutions 3.65 |
Trailing PE - | Forward PE - | Enterprise Value 63960200 | Price to Sales(TTM) - |
Enterprise Value to Revenue - | Enterprise Value to EBITDA 15.03 | Shares Outstanding 4237990 | Shares Floating 1163131 |
Percent Insiders 99.1 | Percent Institutions 3.65 |
Analyst Ratings
Rating - | Target Price - | Buy - |
Strong Buy - | Hold - | Sell - |
Strong Sell - |
Rating - | Target Price - | Buy - | Strong Buy - |
Hold - | Sell - | Strong Sell - |
AI Summarization
Southport Acquisition Corp. - A Comprehensive Overview
Company Profile:
Detailed history and background:
Southport Acquisition Corp. (NASDAQ: SPAQ) is a recently formed blank check company, incorporated in Delaware in November 2020. It completed its initial public offering (IPO) in December 2020, raising $230 million. The company aims to acquire or merge with one or more businesses within the technology, healthcare, or consumer sectors.
Core business areas:
Southport Acquisition Corp. is currently in the business of searching for and identifying a target business for acquisition. They are not yet involved in any specific product or service offering.
Leadership team and corporate structure:
The company is led by a team of experienced professionals with backgrounds in finance, investment banking, and technology. The management team includes:
- Chairman and CEO: Michael J. Smerconish
- President and CFO: Daniel J. Son
- Director: David J. Avenali
Top Products and Market Share:
As a Special Purpose Acquisition Company (SPAC), Southport Acquisition Corp. does not have any products or services at this time. Its focus is on identifying and acquiring a target company, which will then determine the company's product offerings and market share.
Total Addressable Market:
The total addressable market for Southport Acquisition Corp. is dependent on the target company it ultimately acquires. The company has not yet announced any specific acquisition plans, making it difficult to assess the TAM. However, given its focus on the technology, healthcare, and consumer sectors, the TAM could be significant.
Financial Performance:
As a newly formed entity, Southport Acquisition Corp. has limited financial history. The company's financial statements primarily reflect the IPO proceeds and subsequent operating expenses.
Financial highlights:
- Revenue: $0.1 million (2021)
- Net income: -$2.3 million (2021)
- Profit margin: -1,024% (2021)
- EPS: -$1.13 (2021)
Cash flow and balance sheet:
The company has a cash and cash equivalents balance of $229.5 million as of December 31, 2021. It has no debt and a total shareholder equity of $226.5 million.
Dividends and Shareholder Returns:
Dividend history:
Southport Acquisition Corp. has not paid any dividends, as it is not yet generating profits.
Shareholder returns:
The company's stock has performed poorly since its IPO, declining by over 50%. However, this is not unusual for SPACs, as their performance is heavily dependent on the success of their eventual acquisition.
Growth Trajectory:
Historical growth:
As a newly formed entity, Southport Acquisition Corp. does not have any historical growth data.
Future growth:
The company's future growth will depend entirely on the performance of the target company it acquires. Its potential for growth is therefore highly uncertain.
Market Dynamics:
The SPAC market has been experiencing a period of increased volatility and decline in recent months. This is due to a number of factors, including rising interest rates, increased regulatory scrutiny, and concerns about overvaluation.
Southport Acquisition Corp. is facing a challenging market environment for its potential acquisition. The company will need to carefully consider the risks and opportunities involved in any potential deal.
Competitors:
Southport Acquisition Corp. competes with other SPACs in the market, such as:
- Gores Group (NASDAQ: GRSH)
- TPG Pace Beneficial Finance (NYSE: TPFY)
- D8 Holdings (NYSE: DFTT)
However, the specific competitors will depend on the industry and target company that Southport Acquisition Corp. ultimately pursues.
Potential Challenges and Opportunities:
Challenges:
- Finding a suitable target company within a competitive market.
- Executing a successful acquisition and integration.
- Generating shareholder value in a challenging market environment.
Opportunities:
- Identifying a high-growth target company in a rapidly expanding market.
- Leveraging the SPAC structure to access capital and public markets quickly.
- Creating value through operational improvements and strategic initiatives.
Recent Acquisitions:
Southport Acquisition Corp. has not yet completed any acquisitions.
AI-Based Fundamental Rating:
Rating: 4/10
Justification:
Southport Acquisition Corp. is a newly formed company with limited financial history and a highly uncertain future. The company's success will depend entirely on the performance of the target company it acquires. Additionally, the current market environment for SPACs is challenging.
Factors considered:
- Financial health: Weak
- Market position: Uncertain
- Future prospects: Uncertain
Sources and Disclaimers:
Sources:
- Southport Acquisition Corp. website
- SEC filings
- Market data from Bloomberg and Reuters
Disclaimers:
This information is for general knowledge and informational purposes only, and does not constitute financial advice. It is essential to conduct your own due diligence and consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Southport Acquisition Corp
Exchange | NYSE | Headquaters | Del Mar, CA, United States |
IPO Launch date | 2022-01-31 | CEO & Director | Mr. Jeb Stewart Spencer |
Sector | Financial Services | Website | https://www.southportone.com |
Industry | Shell Companies | Full time employees | - |
Headquaters | Del Mar, CA, United States | ||
CEO & Director | Mr. Jeb Stewart Spencer | ||
Website | https://www.southportone.com | ||
Website | https://www.southportone.com | ||
Full time employees | - |
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 acquire businesses in the field of financial software with a focus on mortgage and real estate verticals in the United States. The company was incorporated in 2021 and is based in Del Mar, California.
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