XTI Aerospace (NASDAQ:XTIA) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

XTI Aerospace, Inc. (NASDAQ:XTIA) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.96 and traded as low as $1.17. XTI Aerospace shares last traded at $1.23, with a volume of 179,619 shares traded.

Analysts Set New Price Targets

Separately, Maxim Group raised shares of XTI Aerospace to a “strong-buy” rating in a report on Friday, January 31st.

XTI Aerospace Stock Performance

The firm has a fifty day moving average price of $2.10 and a 200 day moving average price of $8.96. The company has a quick ratio of 0.34, a current ratio of 0.46 and a debt-to-equity ratio of 0.35.

Institutional Trading of XTI Aerospace

An institutional investor recently raised its position in XTI Aerospace stock. Geode Capital Management LLC increased its stake in shares of XTI Aerospace, Inc. (NASDAQ:XTIA) by 351.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 801,211 shares of the technology company’s stock after buying an additional 623,575 shares during the period. Geode Capital Management LLC owned 43.31% of XTI Aerospace worth $34,000 at the end of the most recent quarter. Institutional investors and hedge funds own 11.70% of the company’s stock.

XTI Aerospace Company Profile

XTI Aerospace, Inc engages in the provision of aircraft manufacturing. It primarily focuses on the light and mid-size business aircraft market. The company was founded in April 1999 and is headquartered in Englewood, CO.