XTI Aerospace, Inc. (NASDAQ:XTIA – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.58 and traded as low as $3.27. XTI Aerospace shares last traded at $3.51, with a volume of 3,748,681 shares changing hands.
Analysts Set New Price Targets
Separately, Wall Street Zen downgraded shares of XTI Aerospace from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd.
Check Out Our Latest Report on XTIA
XTI Aerospace Trading Down 14.4%
XTI Aerospace (NASDAQ:XTIA – Get Free Report) last posted its quarterly earnings results on Monday, May 19th. The technology company reported ($3.80) earnings per share (EPS) for the quarter. The business had revenue of $0.48 million for the quarter. XTI Aerospace had a negative return on equity of 970.70% and a negative net margin of 1,323.51%.
Hedge Funds Weigh In On XTI Aerospace
Institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC boosted its holdings in shares of XTI Aerospace by 5,712.9% during the 4th quarter. Jane Street Group LLC now owns 759,801 shares of the technology company’s stock worth $33,000 after buying an additional 746,730 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of XTI Aerospace by 351.0% in the 4th quarter. Geode Capital Management LLC now owns 801,211 shares of the technology company’s stock worth $34,000 after purchasing an additional 623,575 shares in the last quarter. Anson Funds Management LP bought a new position in shares of XTI Aerospace in the 1st quarter worth $358,000. Finally, Warberg Asset Management LLC bought a new position in shares of XTI Aerospace in the 1st quarter worth $27,000. 11.70% of the stock is currently owned by institutional investors.
About XTI Aerospace
XTI Aerospace, Inc engages in the provision of aircraft manufacturing. It primarily focuses on the light and mid-size business aircraft market. The company was founded in April 1999 and is headquartered in Englewood, CO.
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