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

Shares of Infleqtion (NYSE:INFQ) gapped up before the market opened 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 changing hands.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on INFQ shares. Wall Street Zen upgraded Infleqtion to a “sell” rating in a research report on Saturday, April 18th. BTIG Research started coverage on Infleqtion in a research report on Friday, April 10th. They set a “buy” rating and a $22.00 price target for the company. Citigroup started coverage on Infleqtion in a research report on Tuesday, April 14th. They set a “buy” rating and a $20.00 price target for the company. Finally, UBS Group began coverage on Infleqtion in a research report on Wednesday, April 29th. They set a “buy” rating for the company. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, Infleqtion currently has an average rating of “Buy” and an average price target of $21.00.

Infleqtion Price Performance

The stock has a market cap of $3.14 billion and a P/E ratio of -160.98.

Infleqtion (NYSE:INFQ) last posted its quarterly earnings data on Tuesday, March 31st. The quantum tech company reported ($0.83) EPS for the quarter.

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.