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

Infleqtion (NYSE:INFQGet Free Report) has been given a consensus rating of “Moderate Buy” by the eight brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $20.60.

A number of research analysts have recently issued reports on INFQ shares. Zacks Research upgraded Infleqtion to a “hold” rating in a research report on Monday, June 29th. UBS Group assumed coverage on shares of Infleqtion in a research report on Wednesday, April 29th. They set a “buy” rating for the company. Craig Hallum initiated coverage on shares of Infleqtion in a research report on Wednesday, July 22nd. They set a “buy” rating and a $19.00 price objective for the company. Citigroup assumed coverage on shares of Infleqtion in a report on Tuesday, April 14th. They set a “buy” rating and a $20.00 price objective on the stock. Finally, Wedbush initiated coverage on shares of Infleqtion in a research report on Friday, June 26th. They issued an “outperform” rating and a $20.00 target price on the stock.

Get Our Latest Stock Analysis on INFQ

Insider Buying and Selling

In other Infleqtion news, CTO Pranav Gokhale sold 120,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $17.73, for a total transaction of $2,127,600.00. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Maverick Capital Ltd sold 1,797,637 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $16.10, for a total value of $28,941,955.70. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 28,161,988 shares of company stock worth $443,111,218 in the last quarter.

Infleqtion Stock Up 9.1%

NYSE INFQ opened at $9.78 on Tuesday. The firm has a market cap of $2.13 billion and a PE ratio of -108.69. The business has a 50-day simple moving average of $13.18. Infleqtion has a twelve month low of $8.52 and a twelve month high of $27.50.

Infleqtion (NYSE:INFQGet Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The quantum tech company reported ($0.83) EPS for the quarter. As a group, equities analysts anticipate that Infleqtion will post -0.47 EPS for the current fiscal 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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