XTI Aerospace (NASDAQ:XTIA) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Shares of XTI Aerospace, Inc. (NASDAQ:XTIA) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $1.99 and traded as high as $2.04. XTI Aerospace shares last traded at $1.92, with a volume of 1,978,196 shares.

Analyst Ratings Changes

A number of research firms have recently weighed in on XTIA. Maxim Group upgraded XTI Aerospace to a “strong-buy” rating in a research report on Friday, March 20th. Wall Street Zen downgraded XTI Aerospace from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of XTI Aerospace in a research report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

XTI Aerospace Stock Down 5.9%

The firm has a fifty day simple moving average of $1.99 and a 200-day simple moving average of $1.84. The company has a market capitalization of $73.88 million, a P/E ratio of -0.37 and a beta of 4.76. The company has a quick ratio of 0.34, a current ratio of 0.55 and a debt-to-equity ratio of 0.08.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Anson Funds Management LP bought a new position in shares of XTI Aerospace during the third quarter worth about $1,940,000. Geode Capital Management LLC grew its holdings in shares of XTI Aerospace by 81.3% during the fourth quarter. Geode Capital Management LLC now owns 303,459 shares of the technology company’s stock worth $376,000 after buying an additional 136,104 shares in the last quarter. AlphaCentric Advisors LLC bought a new position in shares of XTI Aerospace during the first quarter worth about $310,000. Millennium Management LLC bought a new position in shares of XTI Aerospace during the fourth quarter worth about $137,000. Finally, XTX Topco Ltd grew its holdings in shares of XTI Aerospace by 86.1% during the fourth quarter. XTX Topco Ltd now owns 105,738 shares of the technology company’s stock worth $131,000 after buying an additional 48,918 shares in the last quarter. 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.