Wolff Wiese Magana LLC Makes New $53,000 Investment in XTI Aerospace, Inc. $XTIA

Wolff Wiese Magana LLC bought a new position in shares of XTI Aerospace, Inc. (NASDAQ:XTIA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 32,350 shares of the technology company’s stock, valued at approximately $53,000. Wolff Wiese Magana LLC owned approximately 0.34% of XTI Aerospace at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of XTIA. Jane Street Group LLC raised its stake in XTI Aerospace by 5,712.9% during the fourth quarter. Jane Street Group LLC now owns 759,801 shares of the technology company’s stock worth $33,000 after acquiring an additional 746,730 shares in the last quarter. Anson Funds Management LP acquired a new position in XTI Aerospace during the first quarter worth about $358,000. Finally, Warberg Asset Management LLC acquired a new position in XTI Aerospace during the first quarter worth about $27,000. Institutional investors and hedge funds own 11.70% of the company’s stock.

XTI Aerospace Price Performance

NASDAQ:XTIA opened at $1.45 on Monday. The stock’s 50-day moving average is $1.85 and its 200-day moving average is $1.88. XTI Aerospace, Inc. has a 1-year low of $0.96 and a 1-year high of $60.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.99 and a current ratio of 1.11.

XTI Aerospace (NASDAQ:XTIA) last released its quarterly earnings data on Thursday, August 14th. The technology company reported ($2.93) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.45) by ($1.48). XTI Aerospace had a negative net margin of 1,714.04% and a negative return on equity of 655.07%. The firm had revenue of $0.60 million during the quarter, compared to analyst estimates of $0.60 million.

XTI Aerospace 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.