XTI Aerospace (NASDAQ:XTIA) Rating Increased to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded XTI Aerospace from “sell” to “hold,” while Weiss Ratings maintained a “sell (e+)” rating. MarketBeat’s analyst consensus is currently “Moderate Buy.”
• XTI shares opened at $1.62, with a market capitalization of approximately $62.3 million and a 52-week range of $1.22 to $3.19; the stock also has a high beta of 4.79.
• Institutional ownership stands at 11.70%, with several firms recently initiating or increasing positions. XTI is an early-stage aerospace company developing the hybrid VTOL/STOL TriFan 600 aircraft.

XTI Aerospace (NASDAQ:XTIA - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Saturday.

Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of XTI Aerospace in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

XTI Aerospace Stock Performance

NASDAQ:XTIA opened at $1.62 on Friday. The business has a 50 day moving average of $1.61 and a 200 day moving average of $1.87. The company has a market capitalization of $62.34 million, a price-to-earnings ratio of -0.31 and a beta of 4.79. XTI Aerospace has a 1-year low of $1.22 and a 1-year high of $3.19. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.55 and a quick ratio of 0.34.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Cetera Investment Advisers purchased a new position in shares of XTI Aerospace during the first quarter valued at about $30,000. Virtu Financial LLC purchased a new stake in XTI Aerospace in the third quarter worth about $42,000. Geode Capital Management LLC lifted its holdings in XTI Aerospace by 47.2% in the second 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 during the period. State Street Corp boosted its position in XTI Aerospace by 18.9% during the 4th quarter. State Street Corp now owns 89,403 shares of the technology company's stock valued at $111,000 after acquiring an additional 14,200 shares in the last quarter. Finally, Citizens Financial Group Inc. RI bought a new stake in XTI Aerospace during the 4th quarter valued at approximately $124,000. 11.70% of the stock is owned by hedge funds and other 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.

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