Infleqtion (NYSE:INFQ – Get Free Report)’s share price fell 7.1% during mid-day trading on Monday . The stock traded as low as $11.62 and last traded at $11.5590. 2,890,204 shares traded hands during trading, a decline of 43% from the average session volume of 5,105,128 shares. The stock had previously closed at $12.44.
Analysts Set New Price Targets
Several brokerages have recently issued reports on INFQ. Wall Street Zen upgraded Infleqtion to a “sell” rating in a report on Saturday, April 18th. UBS Group began coverage on Infleqtion in a report on Wednesday, April 29th. They set a “buy” rating for the company. BTIG Research began coverage on Infleqtion in a report on Friday, April 10th. They set a “buy” rating and a $22.00 price target for the company. Finally, Citigroup began coverage on Infleqtion in a report on Tuesday, April 14th. They set a “buy” rating and a $20.00 price target for the company. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $21.00.
Get Our Latest Stock Report on INFQ
Infleqtion Stock Performance
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.
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