Infleqtion (NYSE:INFQ) Receives Consensus Rating of “Moderate Buy” from Analysts

Infleqtion (NYSE:INFQ) has earned a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $21.00.

Several brokerages have recently commented on INFQ. Canaccord Genuity Group began coverage on shares of Infleqtion in a research report on Thursday, July 2nd. They set a “buy” rating and a $22.00 price target for the company. Citigroup started coverage on shares of Infleqtion in a research note on Tuesday, April 14th. They issued a “buy” rating and a $20.00 price objective on the stock. Zacks Research raised shares of Infleqtion to a “hold” rating in a report on Monday, June 29th. BTIG Research began coverage on shares of Infleqtion in a report on Friday, April 10th. They set a “buy” rating and a $22.00 target price for the company. Finally, UBS Group initiated coverage on shares of Infleqtion in a research report on Wednesday, April 29th. They set a “buy” rating for the company.

Infleqtion Stock Performance

Infleqtion stock opened at $9.06 on Tuesday. The firm has a 50-day moving average price of $13.49. The company has a market capitalization of $1.98 billion and a PE ratio of -100.68. Infleqtion has a 12-month low of $8.52 and a 12-month high of $27.50.

Infleqtion (NYSE:INFQ) last announced its quarterly earnings data on Tuesday, March 31st. The quantum tech company reported ($0.83) earnings per share for the quarter. Research analysts predict that Infleqtion will post -0.47 earnings per share for the current fiscal year.

Insider Buying and Selling at Infleqtion

In related news, Director Maverick Capital Ltd sold 1,797,637 shares of Infleqtion stock in a transaction on Friday, May 29th. The stock was sold at an average price of $16.10, for a total transaction of $28,941,955.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kristina M. Johnson sold 30,000 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $16.45, for a total value of $493,500.00. Following the completion of the sale, the director owned 30,000 shares of the company’s stock, valued at $493,500. This represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 28,161,988 shares of company stock valued at $443,111,218 over the last quarter.

About Infleqtion

We are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.