Infleqtion (NYSE:INFQ – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $21.00.
Several research firms have recently weighed in on INFQ. Weiss Ratings initiated coverage on shares of Infleqtion in a research report on Wednesday, May 27th. They set a “sell (d)” rating on the stock. Canaccord Genuity Group initiated coverage on shares of Infleqtion in a research report on Thursday. They issued a “buy” rating and a $22.00 target price for the company. BTIG Research assumed coverage on 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 initiated coverage on Infleqtion in a research report on Wednesday, April 29th. They set a “buy” rating on the stock. Finally, Wall Street Zen raised Infleqtion from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th.
Check Out Our Latest Research Report on INFQ
Insider Transactions at Infleqtion
Infleqtion Stock Down 4.9%
Shares of NYSE INFQ opened at $12.29 on Friday. The stock’s 50-day simple moving average is $14.02. The stock has a market capitalization of $2.68 billion and a price-to-earnings ratio of -136.59. Infleqtion has a 12 month low of $8.52 and a 12 month high of $27.50.
Infleqtion (NYSE:INFQ – Get Free Report) last announced its earnings results on Tuesday, March 31st. The quantum tech company reported ($0.83) earnings per share for the quarter. As a group, analysts anticipate that Infleqtion will post -0.47 EPS for the current year.
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.
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