Infleqtion (NYSE:INFQ) Research Coverage Started at Craig Hallum

Craig Hallum started coverage on shares of Infleqtion (NYSE:INFQ) in a research note released on Wednesday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $19.00 price objective on the quantum tech company’s stock.

INFQ has been the subject of a number of other reports. Canaccord Genuity Group started coverage on Infleqtion in a research report on Thursday, July 2nd. They issued a “buy” rating and a $22.00 price objective for the company. Weiss Ratings began coverage on shares of Infleqtion in a research report on Wednesday, May 27th. They set a “sell (d)” rating on the stock. BTIG Research began coverage on shares of Infleqtion in a research note on Friday, April 10th. They issued a “buy” rating and a $22.00 target price on the stock. UBS Group started coverage on shares of Infleqtion in a research report on Wednesday, April 29th. They set a “buy” rating for the company. Finally, Zacks Research raised shares of Infleqtion to a “hold” rating in a research note on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $20.60.

Infleqtion Trading Down 7.3%

Shares of Infleqtion stock opened at $8.99 on Wednesday. The firm has a 50 day moving average of $13.21. Infleqtion has a fifty-two week low of $8.52 and a fifty-two week high of $27.50. The firm has a market capitalization of $1.96 billion and a price-to-earnings ratio of -99.86.

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

Insider Activity

In other Infleqtion news, CEO Matthew John Kinsella sold 545,824 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $17.19, for a total value of $9,382,714.56. Following the completion of the sale, the chief executive officer owned 545,824 shares of the company’s stock, valued at approximately $9,382,714.56. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David B. Singer sold 6,369,163 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $14.69, for a total transaction of $93,563,004.47. Following the completion of the sale, the director owned 19,761 shares in the company, valued at approximately $290,289.09. This trade represents a 99.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 28,161,988 shares of company stock worth $443,111,218 in the last ninety days.

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.