Anson Funds Management LP Acquires Shares of 1,319,687 XTI Aerospace, Inc. $XTIA

Key Points

• Anson Funds Management LP acquired a new stake of 1,319,687 shares in XTI Aerospace (NASDAQ:XTIA) in Q3, representing about 6.52% of the company and valued at roughly $1.94 million.
• XTI Aerospace has a market capitalization of about $93.5 million, opened at $2.71, trades with a negative P/E (-0.37) and high volatility (beta 5.36), and its 12‑month range is $0.96–$7.43.
• Analyst coverage is bearish overall: the stock's average rating is "Sell", though Wall Street Zen recently upgraded to "Hold" while Weiss Ratings maintains a sell.

Anson Funds Management LP acquired a new stake in XTI Aerospace, Inc. (NASDAQ:XTIA - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,319,687 shares of the technology company's stock, valued at approximately $1,940,000. Anson Funds Management LP owned about 6.52% of XTI Aerospace at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of XTIA. Geode Capital Management LLC raised its holdings 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 valued at $72,000 after buying an additional 14,240 shares during the period. Virtu Financial LLC purchased a new stake in XTI Aerospace in the 3rd quarter worth about $42,000. Finally, Farther Finance Advisors LLC purchased a new stake in XTI Aerospace in the 3rd quarter worth about $147,000. Institutional investors own 11.70% of the company's stock.

XTI Aerospace Price Performance

XTIA stock opened at $2.71 on Friday. The company has a market capitalization of $93.52 million, a PE ratio of -0.37 and a beta of 5.36. XTI Aerospace, Inc. has a 12 month low of $0.96 and a 12 month high of $7.43. The firm's 50-day moving average is $1.93 and its 200 day moving average is $1.68.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Weiss Ratings restated a "sell (e+)" rating on shares of XTI Aerospace in a research report on Wednesday, January 21st. Wall Street Zen upgraded XTI Aerospace from a "sell" rating to a "hold" rating in a report on Saturday, March 7th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of "Sell".

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.

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