XTI Aerospace (NASDAQ:XTIA) Announces Earnings Results

XTI Aerospace (NASDAQ:XTIA) announced its quarterly earnings data on Wednesday. The technology company reported ($0.61) earnings per share (EPS) for the quarter, Zacks reports. XTI Aerospace had a negative net margin of 1,714.04% and a negative return on equity of 655.07%.

XTI Aerospace Trading Down 9.2%

NASDAQ:XTIA opened at $1.39 on Thursday. The business’s 50-day moving average is $1.52 and its two-hundred day moving average is $1.87. The firm has a market capitalization of $28.15 million, a PE ratio of -0.04 and a beta of 4.84. XTI Aerospace has a 12 month low of $0.96 and a 12 month high of $60.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.11 and a quick ratio of 0.99.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of XTI Aerospace in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Institutional Investors Weigh In On XTI Aerospace

A hedge fund recently bought a new stake in XTI Aerospace stock. Virtu Financial LLC purchased a new position in shares of XTI Aerospace, Inc. (NASDAQ:XTIA) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 28,768 shares of the technology company’s stock, valued at approximately $42,000. Virtu Financial LLC owned 0.14% of XTI Aerospace at the end of the most recent reporting period. 11.70% of the stock is owned by institutional investors and hedge funds.

About XTI Aerospace

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.