Infleqtion (NYSE:INFQ) Given Consensus Recommendation of “Moderate Buy” by Analysts

Infleqtion (NYSE:INFQ) has been given a consensus recommendation of “Moderate Buy” by the ten analysts that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $21.3333.

Several analysts have recently issued reports on INFQ shares. Citigroup boosted their price objective on shares of Infleqtion from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, August 21st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Infleqtion in a research report on Monday, August 24th. Zacks Research upgraded Infleqtion to a “hold” rating in a report on Monday, June 29th. B. Riley Financial began coverage on Infleqtion in a research report on Friday, September 4th. They set a “buy” rating and a $23.00 price target for the company. Finally, Wall Street Zen raised Infleqtion from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 22nd.

Infleqtion Trading Down 0.0%

Shares of NYSE:INFQ opened at $13.12 on Wednesday. The stock has a 50-day simple moving average of $11.66. Infleqtion has a 12-month low of $8.52 and a 12-month high of $27.50. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of -87.43 and a beta of 4.33.

Infleqtion (NYSE:INFQ) last posted its quarterly earnings data on Wednesday, August 12th. The quantum tech company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.04). The firm had revenue of $13.54 million for the quarter. On average, equities analysts predict that Infleqtion will post -0.23 earnings per share for the current year.

Insider Buying and Selling at Infleqtion

In other news, Director Maverick Capital Ltd sold 164,824 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was 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 owned 1,381,233 shares in the company, valued at approximately $17,983,653.66. The trade was a 10.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders sold 250,300 shares of company stock valued at $3,165,428.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC purchased a new position in Infleqtion in the second quarter valued at about $41,000. NewEdge Advisors LLC purchased a new position in Infleqtion in the 2nd quarter worth approximately $56,000. Arizona State Retirement System purchased a new position in Infleqtion in the 2nd quarter worth approximately $183,000. Straight Path Wealth Management acquired a new stake in Infleqtion in the second quarter valued at approximately $193,000. Finally, Investor s Fiduciary Advisor Network LLC acquired a new stake in Infleqtion in the second quarter valued at approximately $194,000.

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.