Analysts Set Infleqtion (NYSE:INFQ) Price Target at $21.00

Infleqtion (NYSE:INFQ) has received a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $20.60.

INFQ has been the topic of a number of recent research reports. Craig Hallum began coverage on Infleqtion in a report on Wednesday. They issued a “buy” rating and a $19.00 target price on the stock. Wedbush assumed coverage on Infleqtion in a research note on Friday, June 26th. They set an “outperform” rating and a $20.00 price target for the company. Canaccord Genuity Group began coverage on shares of Infleqtion in a research report on Thursday, July 2nd. They set a “buy” rating and a $22.00 price target for the company. Weiss Ratings initiated coverage on shares of Infleqtion in a research note on Wednesday, May 27th. They issued a “sell (d)” rating on the stock. Finally, Zacks Research raised shares of Infleqtion to a “hold” rating in a report on Monday, June 29th.

Insider Buying and Selling at Infleqtion

In other news, CTO Pranav Gokhale sold 120,000 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $17.73, for a total transaction 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. The trade was a 5.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kristina M. Johnson sold 30,000 shares of the company’s stock in a transaction 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 completion of the sale, the director owned 30,000 shares of the company’s stock, valued at $493,500. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 28,161,988 shares of company stock valued at $443,111,218 in the last quarter.

Infleqtion Stock Down 7.3%

Shares of INFQ stock opened at $8.99 on Tuesday. Infleqtion has a 12-month low of $8.52 and a 12-month high of $27.50. The stock has a market capitalization of $1.96 billion and a PE ratio of -99.86. The stock has a 50 day moving average of $13.21.

Infleqtion (NYSE:INFQ) last released its quarterly earnings results on Tuesday, March 31st. The quantum tech company reported ($0.83) earnings per share for the quarter. On average, analysts predict that Infleqtion will post -0.47 EPS for the current year.

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.