Infleqtion (NYSE:INFQ) Shares Gap Down – Time to Sell?

Shares of Infleqtion (NYSE:INFQ) gapped down before the market opened on Friday . The stock had previously closed at $13.97, but opened at $12.88. Infleqtion shares last traded at $12.6530, with a volume of 3,105,962 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on INFQ shares. Wall Street Zen raised Infleqtion to a “sell” rating in a research report on Saturday, April 18th. BTIG Research started coverage on Infleqtion in a research report on Friday, April 10th. They issued a “buy” rating and a $22.00 target price on the stock. Citigroup assumed coverage on Infleqtion in a research report on Tuesday, April 14th. They issued a “buy” rating and a $20.00 target price on the stock. Finally, UBS Group assumed coverage on Infleqtion in a report on Wednesday, April 29th. They set a “buy” rating on the stock. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $21.00.

Infleqtion Stock Performance

Infleqtion (NYSE:INFQ) last issued its quarterly earnings results on Tuesday, March 31st. The quantum tech company reported ($0.83) EPS for the 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.