XTI Aerospace (NASDAQ:XTIA) Downgraded to Sell Rating by Wall Street Zen

XTI Aerospace (NASDAQ:XTIA) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Several other equities research analysts also recently weighed in on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of XTI Aerospace in a research note on Monday, April 20th. Maxim Group raised shares of XTI Aerospace to a “strong-buy” rating in a research note on Friday, March 20th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

XTI Aerospace Trading Up 7.0%

Shares of XTIA opened at $1.84 on Friday. XTI Aerospace has a twelve month low of $1.22 and a twelve month high of $7.43. The company has a market cap of $70.80 million, a P/E ratio of -0.35 and a beta of 4.87. The company has a current ratio of 0.55, a quick ratio of 0.34 and a debt-to-equity ratio of 0.08. The company’s fifty day simple moving average is $2.06 and its 200-day simple moving average is $1.81.

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

Institutional Investors Weigh In On XTI Aerospace

Large investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers purchased a new stake in XTI Aerospace in the 1st quarter valued at about $30,000. Virtu Financial LLC purchased a new stake in XTI Aerospace in the 3rd quarter valued at about $42,000. Geode Capital Management LLC boosted its position 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 valued at $72,000 after buying an additional 14,240 shares during the period. State Street Corp boosted its position in XTI Aerospace by 18.9% in the 4th quarter. State Street Corp now owns 89,403 shares of the technology company’s stock valued at $111,000 after buying an additional 14,200 shares during the period. Finally, Citizens Financial Group Inc. RI purchased a new stake in XTI Aerospace in the 4th quarter valued at about $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.