Infleqtion (NYSE:INFQ) Stock Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• Analysts rate Infleqtion “Moderate Buy,” with six buy ratings, one strong buy, one hold and one sell. The average 12-month price target is $21.83, with recent targets ranging from $22 to $25.
• Shares opened at $13.13 and have traded between $8.52 and $27.50 over the past year. Infleqtion reported a quarterly loss of $0.11 per share, missing the $0.07 consensus estimate, on revenue of $13.54 million.
• Insiders have been selling shares: Maverick Capital sold 164,824 shares for about $2.15 million, while insiders sold roughly $3.17 million in stock during the last quarter. Several institutional investors, including Baird Financial, also initiated positions.

Shares of Infleqtion (NYSE:INFQ - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the nine research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $21.83.

INFQ has been the topic of a number of recent research reports. Canaccord Genuity Group started coverage on Infleqtion in a report on Thursday, July 2nd. They issued a "buy" rating and a $22.00 target price on the stock. Citigroup boosted their target price on Infleqtion from $20.00 to $22.00 and gave the stock a "buy" rating in a research report on Friday, August 21st. BTIG Research restated a "buy" rating and set a $25.00 target price on shares of Infleqtion in a research report on Friday, September 25th. Zacks Research raised shares of Infleqtion to a "hold" rating in a research note on Monday, June 29th. Finally, Wall Street Zen upgraded shares of Infleqtion from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 22nd.

Infleqtion Trading Down 1.7%

NYSE INFQ opened at $13.13 on Friday. The company has a fifty day simple moving average of $12.64. Infleqtion has a one year low of $8.52 and a one year high of $27.50. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of -87.53 and a beta of 4.26.

Infleqtion (NYSE:INFQ - Get Free Report) last announced its earnings results 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. Research analysts anticipate that Infleqtion will post -0.23 EPS for the current year.

Insiders Place Their Bets

In other news, Director Maverick Capital Ltd sold 164,824 shares of Infleqtion stock in a transaction that occurred 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 sale, the director directly owned 1,381,233 shares in the company, valued at approximately $17,983,653.66. This trade represents a 10.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 250,300 shares of company stock worth $3,165,428 in the last quarter.

Institutional Trading of Infleqtion

A number of institutional investors have recently bought and sold shares of INFQ. Tidal Investments LLC purchased a new stake in shares of Infleqtion in the 2nd quarter worth about $320,000. Integrated Wealth Concepts LLC purchased a new position in shares of Infleqtion during the 2nd quarter worth approximately $41,000. NewEdge Advisors LLC acquired a new position in shares of Infleqtion during the 2nd quarter worth approximately $56,000. IFP Advisors Inc acquired a new position in shares of Infleqtion during the 2nd quarter worth approximately $221,000. Finally, Baird Financial Group Inc. purchased a new stake in Infleqtion in the 2nd quarter valued at approximately $2,435,000.

Infleqtion Company Profile

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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