Investors Purchase High Volume of Infleqtion Call Options (NYSE:INFQ)

Infleqtion (NYSE:INFQ) was the recipient of some unusual options trading on Thursday. Investors purchased 34,719 call options on the company. This represents an increase of approximately 131% compared to the average daily volume of 15,044 call options.

Analysts Set New Price Targets

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

Infleqtion Stock Up 28.0%

INFQ traded up $3.13 during trading on Thursday, reaching $14.31. The stock had a trading volume of 37,971,898 shares, compared to its average volume of 5,481,077. The stock has a market cap of $3.10 billion and a PE ratio of -159.98. Infleqtion has a one year low of $8.52 and a one year high of $27.50.

Infleqtion (NYSE:INFQ) last announced its quarterly earnings data 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.