XTI Aerospace (NASDAQ:XTIA) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Shares of XTI Aerospace, Inc. (NASDAQ:XTIAGet Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.81 and traded as low as $1.74. XTI Aerospace shares last traded at $1.84, with a volume of 1,732,174 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on XTIA. Maxim Group raised shares of XTI Aerospace to a “strong-buy” rating in a report on Friday, March 20th. Weiss Ratings restated a “sell (e+)” rating on shares of XTI Aerospace in a research report on Monday, April 20th. Finally, Wall Street Zen cut shares of XTI Aerospace from a “hold” rating to a “sell” rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Read Our Latest Analysis on XTIA

XTI Aerospace Stock Up 7.0%

The company has a market capitalization of $70.80 million, a P/E ratio of -0.35 and a beta of 4.87. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.55 and a quick ratio of 0.34. The company has a 50 day moving average of $2.06 and a 200-day moving average of $1.81.

XTI Aerospace (NASDAQ:XTIAGet Free Report) last announced its quarterly earnings results on Wednesday, April 15th. The technology company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.11). The business had revenue of $18.92 million for the quarter, compared to analysts’ expectations of $14.50 million. XTI Aerospace had a negative net margin of 171.13% and a negative return on equity of 2,044.78%.

Institutional Trading of XTI Aerospace

A number of hedge funds have recently modified their holdings of XTIA. Cetera Investment Advisers bought a new stake in shares of XTI Aerospace during the 1st quarter valued at $30,000. Virtu Financial LLC purchased a new stake in shares of XTI Aerospace in the third quarter worth $42,000. Geode Capital Management LLC boosted its stake in XTI Aerospace by 47.2% in the 2nd quarter. Geode Capital Management LLC now owns 44,424 shares of the technology company’s stock worth $72,000 after purchasing an additional 14,240 shares in the last quarter. State Street Corp boosted its stake in XTI Aerospace by 18.9% in the 4th quarter. State Street Corp now owns 89,403 shares of the technology company’s stock worth $111,000 after purchasing an additional 14,200 shares in the last quarter. Finally, Citizens Financial Group Inc. RI bought a new position in XTI Aerospace in the 4th quarter worth about $124,000. Institutional investors own 11.70% of the company’s stock.

About XTI Aerospace

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XTI Aerospace Inc (NASDAQ: XTIA) is an early‐stage aerospace company headquartered in Englewood, Colorado, focused on the design and development of vertical takeoff and landing (VTOL) aircraft for the business and specialty aviation markets. The company’s core mission is to deliver a next‐generation hybrid wing–body aircraft capable of both VTOL and short-takeoff and landing (STOL) operations, addressing the growing demand for point-to-point air transportation without the need for traditional airport infrastructure.

The company’s flagship product, the TriFan 600, is a six- to eight-seat business aircraft powered by a proprietary tri-fan propulsion system.

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