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

Shares of Infleqtion (NYSE:INFQ - Get Free Report) have received an average recommendation of "Moderate Buy" from the ten analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $20.43.

A number of research firms recently commented on INFQ. B. Riley Financial started coverage on Infleqtion in a report on Friday, September 4th. They set a "buy" rating for the company. Wall Street Zen lowered Infleqtion from a "sell" rating to a "strong sell" rating in a research note on Saturday, October 24th. BTIG Research reaffirmed a "buy" rating and issued a $25.00 price objective on shares of Infleqtion in a research report on Friday, September 25th. Wedbush started coverage on Infleqtion in a research note on Monday, August 3rd. They set an "outperform" rating and a $20.00 target price for the company. Finally, Morgan Stanley set a $12.00 target price on Infleqtion and gave the stock an "equal weight" rating in a report on Thursday, October 15th.

Insider Transactions at Infleqtion

In other Infleqtion news, Director Maverick Capital Ltd sold 164,824 shares of Infleqtion stock in a transaction on 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 directly owned 1,381,233 shares of the company's stock, valued at $17,983,653.66. The trade was a 10.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 250,300 shares of company stock worth $3,165,428.

Hedge Funds Weigh In On Infleqtion

Several institutional investors and hedge funds have recently modified their holdings of the stock. S&G Foundation acquired a new position in Infleqtion in the 2nd quarter valued at $154,164,000. Davis Asset Management L.P. acquired a new stake in shares of Infleqtion during the second quarter worth $27,783,000. Bank of New York Mellon Corp lifted its holdings in shares of Infleqtion by 1,350.7% during the second quarter. Bank of New York Mellon Corp now owns 1,076,802 shares of the quantum tech company's stock worth $14,343,000 after buying an additional 1,002,576 shares in the last quarter. Pinnacle Associates Ltd. lifted its holdings in shares of Infleqtion by 42.4% during the third quarter. Pinnacle Associates Ltd. now owns 1,045,860 shares of the quantum tech company's stock worth $14,088,000 after buying an additional 311,280 shares in the last quarter. Finally, Integrated Advisors Network LLC boosted its position in shares of Infleqtion by 58.2% in the third quarter. Integrated Advisors Network LLC now owns 724,335 shares of the quantum tech company's stock valued at $9,757,000 after acquiring an additional 266,602 shares during the period.

Infleqtion Trading Down 1.3%

Shares of INFQ opened at $9.61 on Thursday. The company has a 50-day moving average price of $12.13. Infleqtion has a one year low of $8.38 and a one year high of $21.28. The company has a market cap of $2.17 billion, a P/E ratio of -64.08 and a beta of 4.26.

Infleqtion (NYSE:INFQ - Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The quantum tech company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.04). The firm had revenue of $13.54 million for the quarter. As a group, analysts expect that Infleqtion will post -0.24 earnings per share 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.

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