Infleqtion (NYSE:INFQ) Shares Gap Up – What’s Next?

Infleqtion (NYSE:INFQ) gapped up prior to trading on Thursday . The stock had previously closed at $11.18, but opened at $13.50. Infleqtion shares last traded at $15.8850, with a volume of 23,301,485 shares.

Analyst Upgrades and Downgrades

INFQ has been the subject of a number of research reports. BTIG Research began coverage on Infleqtion in a report on Friday, April 10th. They set a “buy” rating and a $22.00 target price for the company. Wall Street Zen upgraded shares of Infleqtion to a “sell” rating in a report on Saturday, April 18th. Citigroup started coverage on shares of Infleqtion in a report on Tuesday, April 14th. They issued a “buy” rating and a $20.00 price target on the stock. Finally, UBS Group started coverage on shares of Infleqtion in a report on Wednesday, April 29th. They issued a “buy” rating on the stock. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $21.00.

Infleqtion Trading Up 29.7%

The firm has a market capitalization of $3.14 billion and a price-to-earnings ratio of -160.98.

Infleqtion (NYSE:INFQ) last issued its quarterly earnings results on Tuesday, March 31st. The quantum tech company reported ($0.83) earnings per share for the quarter.

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.