Infleqtion (INFQ) – What Are Researchers Thinking About This Stock?

by · The Cerbat Gem

Infleqtion (NYSE:INFQ – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $21.83.

Several analysts have recently issued reports on the company. BTIG Research reissued a “buy” rating and set a $25.00 target price on shares of Infleqtion in a report on Friday, September 25th. Wall Street Zen raised Infleqtion from a “strong sell” rating to a “sell” rating in a report on Saturday, August 22nd. Canaccord Genuity Group initiated coverage on shares of Infleqtion in a report on Thursday, July 2nd. They set a “buy” rating and a $22.00 price target on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Infleqtion in a research report on Monday, August 24th. Finally, Wedbush initiated coverage on Infleqtion in a research report on Monday, August 3rd. They set an “outperform” rating and a $20.00 target price on the stock.

Read Our Latest Research Report on Infleqtion

Insider Buying and Selling at Infleqtion

In related news, Director Maverick Capital Ltd sold 164,824 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $13.02, for a total transaction of $2,146,008.48. Following the completion of the transaction, the director owned 1,381,233 shares in the company, valued at approximately $17,983,653.66. This represents a 10.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 250,300 shares of company stock valued at $3,165,428 over the last 90 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in INFQ. S&G Foundation bought a new position in shares of Infleqtion during the second quarter valued at approximately $154,164,000. Davis Asset Management L.P. bought a new stake in Infleqtion in the second quarter valued at $27,783,000. Bank of New York Mellon Corp boosted its holdings in Infleqtion by 1,350.7% in the second quarter. Bank of New York Mellon Corp now owns 1,076,802 shares of the quantum tech company’s stock valued at $14,343,000 after acquiring an additional 1,002,576 shares in the last quarter. Wellington Management Group LLP purchased a new position in Infleqtion during the 2nd quarter valued at $3,708,000. Finally, Baird Financial Group Inc. bought a new position in Infleqtion in the 2nd quarter worth $2,435,000.

Infleqtion Stock Down 1.0%

Shares of NYSE:INFQ opened at $11.04 on Friday. The business’s 50-day simple moving average is $12.86. Infleqtion has a one year low of $8.52 and a one year high of $27.50. The company has a market cap of $2.49 billion, a PE ratio of -73.63 and a beta of 4.26.

Infleqtion (NYSE:INFQ – Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The quantum tech company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.04). The business had revenue of $13.54 million during the quarter. As a group, research analysts expect that Infleqtion will post -0.23 EPS for the current year.

About Infleqtion

(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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