XTI Aerospace (NASDAQ:XTIA) Upgraded by Wall Street Zen to “Hold” Rating

XTI Aerospace (NASDAQ:XTIA) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of XTI Aerospace in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

XTI Aerospace Price Performance

Shares of NASDAQ XTIA opened at $2.64 on Friday. XTI Aerospace has a fifty-two week low of $0.96 and a fifty-two week high of $7.43. The firm has a market capitalization of $91.11 million, a P/E ratio of -0.36 and a beta of 5.36. The company’s 50 day simple moving average is $1.78 and its 200 day simple moving average is $1.64.

Institutional Investors Weigh In On XTI Aerospace

Large investors have recently modified their holdings of the business. Geode Capital Management LLC raised its position in shares of XTI Aerospace by 47.2% during the second 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 during the period. Farther Finance Advisors LLC bought a new position in shares of XTI Aerospace during the 3rd quarter valued at about $147,000. Virtu Financial LLC acquired a new position in shares of XTI Aerospace in the 3rd quarter valued at approximately $42,000. Anson Funds Management LP acquired a new position in shares of XTI Aerospace in the 3rd quarter valued at approximately $1,940,000. Finally, Citizens Financial Group Inc. RI bought a new stake in XTI Aerospace during the 4th quarter worth approximately $124,000. 11.70% of the stock is currently owned by institutional investors.

About XTI Aerospace

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.