XTI Aerospace (NASDAQ:XTIA) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Shares of XTI Aerospace, Inc. (NASDAQ:XTIA) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.64 and traded as low as $1.4750. XTI Aerospace shares last traded at $1.62, with a volume of 1,737,312 shares trading hands.

Analyst Ratings Changes

XTIA has been the topic of a number of analyst reports. Wall Street Zen downgraded XTI Aerospace from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings restated a “sell (e+)” rating on shares of XTI Aerospace in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, XTI Aerospace presently has an average rating of “Sell”.

XTI Aerospace Price Performance

The stock has a market cap of $55.91 million, a price-to-earnings ratio of -0.22 and a beta of 5.37. The business’s fifty day simple moving average is $1.57 and its 200 day simple moving average is $1.64.

XTI Aerospace (NASDAQ:XTIA) last posted its quarterly earnings results on Wednesday, November 19th. The technology company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.29). XTI Aerospace had a negative return on equity of 580.83% and a negative net margin of 1,326.49%.The business had revenue of $2.48 million during the quarter, compared to the consensus estimate of $0.80 million.

Institutional Trading of XTI Aerospace

Hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new position in XTI Aerospace during the 3rd quarter valued at about $42,000. Geode Capital Management LLC raised its holdings in shares of XTI Aerospace by 47.2% during the second 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. Farther Finance Advisors LLC acquired a new position in shares of XTI Aerospace during the third quarter worth approximately $147,000. Citizens Financial Group Inc. RI bought a new position in XTI Aerospace in the 4th quarter worth approximately $124,000. Finally, Anson Funds Management LP bought a new position in XTI Aerospace in the 3rd quarter worth approximately $1,940,000. Institutional investors own 11.70% of the company’s stock.

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.