XTI Aerospace (NASDAQ:XTIA) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

XTI Aerospace, Inc. (NASDAQ:XTIA)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $1.60 and traded as high as $1.85. XTI Aerospace shares last traded at $1.76, with a volume of 1,794,534 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on XTIA shares. Weiss Ratings reissued a “sell (e+)” rating on shares of XTI Aerospace in a research note on Wednesday, January 21st. Wall Street Zen lowered XTI Aerospace from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

XTI Aerospace Price Performance

The stock’s 50-day moving average price is $1.60 and its 200 day moving average price is $1.62. The firm has a market capitalization of $60.74 million, a PE ratio of -0.24 and a beta of 5.37.

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

Hedge Funds Weigh In On XTI Aerospace

Institutional investors have recently made changes to their positions in the company. State Street Corp raised its holdings in shares of XTI Aerospace by 18.9% in the fourth quarter. State Street Corp now owns 89,403 shares of the technology company’s stock valued at $111,000 after acquiring an additional 14,200 shares in the last quarter. Geode Capital Management LLC increased its position in XTI Aerospace by 81.3% during the 4th quarter. Geode Capital Management LLC now owns 303,459 shares of the technology company’s stock valued at $376,000 after purchasing an additional 136,104 shares during the period. Citizens Financial Group Inc. RI bought a new stake in shares of XTI Aerospace in the 4th quarter valued at about $124,000. Anson Funds Management LP bought a new stake in shares of XTI Aerospace in the 3rd quarter valued at about $1,940,000. Finally, Virtu Financial LLC purchased a new stake in shares of XTI Aerospace in the 3rd quarter worth approximately $42,000. Hedge funds and other institutional investors own 11.70% of the company’s stock.

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.