Infleqtion (NYSE:INFQ) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Infleqtion (NYSE:INFQ) have earned an average rating of “Moderate Buy” from the ten ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $21.3333.

Several research firms have commented on INFQ. Wedbush assumed coverage on Infleqtion in a research report on Monday, August 3rd. They issued an “outperform” rating and a $20.00 target price for the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Infleqtion in a research report on Monday, August 24th. B. Riley Financial started coverage on Infleqtion in a report on Friday, September 4th. They set a “buy” rating and a $23.00 price target on the stock. Canaccord Genuity Group assumed coverage on Infleqtion in a research note on Thursday, July 2nd. They issued a “buy” rating and a $22.00 target price for the company. Finally, Wall Street Zen upgraded shares of Infleqtion from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 22nd.

Insider Activity at Infleqtion

In related news, Director Maverick Capital Ltd sold 164,824 shares of Infleqtion stock in a transaction on Friday, August 21st. The stock was sold at an average price of $13.02, for a total transaction of $2,146,008.48. Following the sale, the director directly owned 1,381,233 shares in the company, valued at approximately $17,983,653.66. This trade represents a 10.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 250,300 shares of company stock worth $3,165,428 over the last three months.

Institutional Trading of Infleqtion

Hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC purchased a new stake in shares of Infleqtion during the second quarter worth $41,000. NewEdge Advisors LLC bought a new stake in shares of Infleqtion during the 2nd quarter valued at about $56,000. Arizona State Retirement System bought a new stake in Infleqtion during the second quarter valued at approximately $183,000. Straight Path Wealth Management purchased a new position in Infleqtion in the second quarter worth $193,000. Finally, Investor s Fiduciary Advisor Network LLC purchased a new position in shares of Infleqtion in the 2nd quarter worth about $194,000.

Infleqtion Trading Up 0.2%

Shares of NYSE INFQ opened at $12.63 on Wednesday. The firm has a fifty day moving average price of $11.69. Infleqtion has a one year low of $8.52 and a one year high of $27.50. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of -84.20 and a beta of 4.33.

Infleqtion (NYSE:INFQ) last posted its quarterly earnings data on Wednesday, August 12th. The quantum tech company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.04). The business had revenue of $13.54 million during the quarter. As a group, research analysts expect that Infleqtion will post -0.23 EPS for the current year.

Infleqtion Company Profile

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.