XTI Aerospace (NASDAQ:XTIA) Shares Pass Below 200 Day Moving Average – Here’s Why

XTI Aerospace, Inc. (NASDAQ:XTIA) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.79 and traded as low as $1.73. XTI Aerospace shares last traded at $1.75, with a volume of 1,569,721 shares traded.

Analyst Ratings Changes

XTIA has been the subject of a number of analyst reports. Maxim Group raised XTI Aerospace to a “strong-buy” rating in a research note on Friday, March 20th. Wall Street Zen upgraded shares of XTI Aerospace from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of XTI Aerospace in a report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

XTI Aerospace Price Performance

The company has a current ratio of 1.09, a quick ratio of 0.77 and a debt-to-equity ratio of 0.08. The company has a fifty day moving average price of $2.21 and a two-hundred day moving average price of $1.79. The firm has a market cap of $67.32 million, a P/E ratio of -0.22 and a beta of 4.87.

XTI Aerospace (NASDAQ:XTIA) last announced its earnings results on Wednesday, April 15th. The technology company reported ($0.45) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.11). XTI Aerospace had a negative return on equity of 578.38% and a negative net margin of 263.88%.The company had revenue of $18.92 million for the quarter, compared to analyst estimates of $14.50 million.

Institutional Trading of XTI Aerospace

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp boosted its holdings in XTI Aerospace by 18.9% during the fourth quarter. State Street Corp now owns 89,403 shares of the technology company’s stock worth $111,000 after purchasing an additional 14,200 shares during the last quarter. Geode Capital Management LLC lifted its position in XTI Aerospace by 47.2% during the 2nd quarter. Geode Capital Management LLC now owns 44,424 shares of the technology company’s stock worth $72,000 after buying an additional 14,240 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of XTI Aerospace during the 3rd quarter worth about $42,000. XTX Topco Ltd raised its holdings in 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 acquiring an additional 48,918 shares in the last quarter. Finally, Citizens Financial Group Inc. RI acquired a new position in XTI Aerospace during the fourth quarter valued at approximately $124,000. 11.70% of the stock is currently owned by institutional investors and hedge funds.

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.