Infleqtion (NYSE:INFQ) Receives $21.00 Consensus PT from Brokerages

Infleqtion (NYSE:INFQGet 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

In other Infleqtion news, CTO Pranav Gokhale sold 120,000 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $17.73, for a total value of $2,127,600.00. Following the completion of the sale, the chief technology officer owned 2,218,980 shares of the company’s stock, valued at $39,342,515.40. This represents a 5.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David B. Singer sold 6,369,163 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $14.69, for a total value of $93,563,004.47. Following the completion of the sale, the director directly owned 19,761 shares of the company’s stock, valued at approximately $290,289.09. This represents a 99.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 28,161,988 shares of company stock valued at $443,111,218 over the last 90 days.

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:INFQGet 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

(Get Free Report)

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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Analyst Recommendations for Infleqtion (NYSE:INFQ)

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