Infleqtion (NYSE:INFQ) Now Covered by Craig Hallum

Equities researchers at Craig Hallum assumed coverage on shares of Infleqtion (NYSE:INFQ) in a research report issued on Wednesday. The firm set a “buy” rating and a $19.00 price target on the quantum tech company’s stock. Craig Hallum’s price target suggests a potential upside of 93.23% from the company’s current price.

Several other equities analysts also recently weighed in on INFQ. Weiss Ratings started coverage on shares of Infleqtion in a report on Wednesday, May 27th. They set a “sell (d)” rating for the company. BTIG Research began coverage on shares of Infleqtion in a research report on Friday, April 10th. They issued a “buy” rating and a $22.00 price target on the stock. Canaccord Genuity Group began coverage on Infleqtion in a research report on Thursday, July 2nd. They set a “buy” rating and a $22.00 price objective for the company. UBS Group initiated coverage on Infleqtion in a research note on Wednesday, April 29th. They issued a “buy” rating on the stock. Finally, Wedbush began coverage on Infleqtion in a report on Friday, June 26th. They set an “outperform” rating and a $20.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.60.

Infleqtion Stock Up 8.7%

NYSE INFQ opened at $9.83 on Wednesday. The company has a 50 day moving average price of $13.43. The stock has a market cap of $2.15 billion and a P/E ratio of -109.26. Infleqtion has a 1-year low of $8.52 and a 1-year high of $27.50.

Infleqtion (NYSE:INFQ) last posted its earnings results on Tuesday, March 31st. The quantum tech company reported ($0.83) earnings per share for the quarter. Equities research analysts anticipate that Infleqtion will post -0.47 earnings per share for the current year.

Insider Activity at Infleqtion

In other news, Director David B. Singer sold 1,797,637 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $16.10, for a total transaction of $28,941,955.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Maverick Capital Ltd sold 1,797,637 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $16.10, for a total value of $28,941,955.70. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 28,161,988 shares of company stock valued at $443,111,218 over the last three months.

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.