XTI Aerospace (NASDAQ:XTIA) Share Price Passes Below 200-Day Moving Average – Should You Sell?
by Amy Steele · The Cerbat GemXTI Aerospace, Inc. (NASDAQ:XTIA – Get Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.81 and traded as low as $1.74. XTI Aerospace shares last traded at $1.84, with a volume of 1,732,174 shares traded.
Analyst Ratings Changes
A number of equities research analysts recently commented on XTIA shares. Weiss Ratings restated a “sell (e+)” rating on shares of XTI Aerospace in a report on Monday, April 20th. Wall Street Zen lowered shares of XTI Aerospace from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Maxim Group upgraded shares of XTI Aerospace to a “strong-buy” rating in a report on Friday, March 20th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.
View Our Latest Research Report on XTIA
XTI Aerospace Trading Up 7.0%
The company has a quick ratio of 0.34, a current ratio of 0.55 and a debt-to-equity ratio of 0.08. The business’s fifty day moving average is $2.06 and its 200 day moving average is $1.81. The firm has a market capitalization of $70.80 million, a price-to-earnings ratio of -0.35 and a beta of 4.87.
XTI Aerospace (NASDAQ:XTIA – Get Free Report) last issued its quarterly earnings data on Wednesday, April 15th. The technology company reported ($0.45) EPS for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.11). XTI Aerospace had a negative return on equity of 2,044.78% and a negative net margin of 171.13%.The company had revenue of $18.92 million for the quarter, compared to analyst estimates of $14.50 million.
Institutional Investors Weigh In On XTI Aerospace
Several hedge funds and other institutional investors have recently added to or reduced their stakes in XTIA. Cetera Investment Advisers acquired a new stake in XTI Aerospace in the 1st quarter valued at $30,000. Virtu Financial LLC acquired a new stake in XTI Aerospace in the 3rd quarter valued at $42,000. Geode Capital Management LLC increased its stake 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 last quarter. State Street Corp increased its stake 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 last quarter. Finally, Citizens Financial Group Inc. RI acquired a new stake in XTI Aerospace in the 4th quarter valued at $124,000. 11.70% of the stock is currently owned by institutional investors and hedge funds.
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.