Infleqtion (NYSE:INFQ) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Infleqtion (NYSE:INFQ) have earned a consensus rating of “Moderate Buy” from the five research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $21.00.

Several analysts have recently issued reports on the company. Citigroup assumed coverage on Infleqtion in a report on Tuesday, April 14th. They set a “buy” rating and a $20.00 target price on the stock. Weiss Ratings assumed coverage on Infleqtion in a report on Wednesday, May 27th. They set a “sell (d)” rating on the stock. Wedbush assumed coverage on Infleqtion in a report on Friday. They set an “outperform” rating on the stock. Wall Street Zen raised Infleqtion from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Finally, BTIG Research assumed coverage on Infleqtion in a report on Friday, April 10th. They set a “buy” rating and a $22.00 target price on the stock.

Insider Buying and Selling at Infleqtion

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

Infleqtion Trading Down 9.3%

INFQ opened at $12.80 on Friday. The firm has a market cap of $2.79 billion and a price-to-earnings ratio of -142.17. Infleqtion has a 52-week low of $8.52 and a 52-week high of $27.50. The stock’s fifty day moving average is $14.27.

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

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.