XTI Aerospace (NASDAQ:XTIA) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

XTI Aerospace, Inc. (NASDAQ:XTIA) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.64 and traded as low as $1.4750. XTI Aerospace shares last traded at $1.62, with a volume of 1,737,312 shares changing hands.

Analyst Ratings Changes

Several research analysts recently commented on XTIA shares. Wall Street Zen lowered XTI Aerospace from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings reiterated a “sell (e+)” rating on shares of XTI Aerospace in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

XTI Aerospace Trading Up 1.3%

The company has a market capitalization of $55.91 million, a PE ratio of -0.22 and a beta of 5.37. The stock’s 50-day moving average is $1.57 and its two-hundred day moving average is $1.64.

XTI Aerospace (NASDAQ:XTIA) last released its earnings results on Wednesday, November 19th. The technology company reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.29). XTI Aerospace had a negative net margin of 1,326.49% and a negative return on equity of 580.83%. The business had revenue of $2.48 million for the quarter, compared to the consensus estimate of $0.80 million.

Institutional Investors Weigh In On XTI Aerospace

Several large investors have recently added to or reduced their stakes in XTIA. Geode Capital Management LLC grew 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 acquiring an additional 14,240 shares in the last quarter. Farther Finance Advisors LLC purchased a new stake in shares of XTI Aerospace in the third quarter valued at approximately $147,000. Virtu Financial LLC bought a new position in XTI Aerospace in the third quarter worth approximately $42,000. Anson Funds Management LP purchased a new position in XTI Aerospace during the 3rd quarter worth $1,940,000. Finally, Citizens Financial Group Inc. RI bought a new stake in XTI Aerospace during the 4th quarter valued at $124,000. 11.70% of the stock is owned by hedge funds and other institutional investors.

XTI Aerospace Company Profile

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.