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

Infleqtion (NYSE:INFQ) has been assigned an average rating of “Moderate Buy” from the five research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $21.00.

Several equities analysts have recently issued reports on INFQ shares. Wedbush began coverage on Infleqtion in a research report on Friday. They set an “outperform” rating for the company. UBS Group began coverage on Infleqtion in a report on Wednesday, April 29th. They set a “buy” rating on the stock. Citigroup began coverage on Infleqtion in a report on Tuesday, April 14th. They set a “buy” rating and a $20.00 price objective on the stock. Weiss Ratings began coverage on Infleqtion in a report on Wednesday, May 27th. They set a “sell (d)” rating on the stock. Finally, Wall Street Zen upgraded Infleqtion from a “sell” rating to a “hold” rating in a report on Saturday, May 30th.

Insider Transactions at Infleqtion

In other Infleqtion news, Director Kristina M. Johnson sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $16.45, for a total value of $493,500.00. Following the sale, the director owned 30,000 shares in the company, valued at approximately $493,500. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO Paul Lipman sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $15.83, for a total value of $1,583,000.00. Following the sale, the executive owned 100,000 shares in the company, valued at approximately $1,583,000. This represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 28,161,988 shares of company stock worth $443,111,218.

Infleqtion Stock Performance

INFQ opened at $12.80 on Friday. The company has a market capitalization of $2.79 billion and a P/E ratio of -142.17. The business’s 50 day simple moving average is $14.27. Infleqtion has a fifty-two week low of $8.52 and a fifty-two week high of $27.50.

Infleqtion (NYSE:INFQ) last posted its quarterly earnings results on Tuesday, March 31st. The quantum tech company reported ($0.83) earnings per share 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.