Shares of XTI Aerospace, Inc. (NASDAQ:XTIA - Get Free Report) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $2.06 and traded as low as $2.00. XTI Aerospace shares last traded at $2.16, with a volume of 1,560,325 shares.
Analyst Upgrades and Downgrades
Several analysts recently commented on XTIA shares. Maxim Group raised shares of XTI Aerospace to a "strong-buy" rating in a report on Friday, March 20th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of XTI Aerospace in a report on Wednesday, January 21st. Finally, Wall Street Zen raised shares of 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 Strong Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".
Read Our Latest Stock Report on XTI Aerospace
XTI Aerospace Stock Performance
The stock has a market cap of $74.54 million, a P/E ratio of -0.29 and a beta of 5.24. The stock's fifty day simple moving average is $2.06 and its 200-day simple moving average is $1.72.
Institutional Trading of XTI Aerospace
A number of institutional investors have recently bought and sold shares of the business. Anson Funds Management LP bought a new stake in XTI Aerospace in the 3rd quarter valued at about $1,940,000. Geode Capital Management LLC boosted its holdings in XTI Aerospace by 81.3% in the 4th quarter. Geode Capital Management LLC now owns 303,459 shares of the technology company's stock valued at $376,000 after purchasing an additional 136,104 shares during the period. Millennium Management LLC bought a new stake in XTI Aerospace in the 4th quarter valued at about $137,000. XTX Topco Ltd boosted its holdings in XTI Aerospace by 86.1% in the 4th quarter. XTX Topco Ltd now owns 105,738 shares of the technology company's stock valued at $131,000 after purchasing an additional 48,918 shares during the period. Finally, Citizens Financial Group Inc. RI bought a new stake in XTI Aerospace in the 4th quarter valued at about $124,000. Institutional investors own 11.70% of the company's stock.
XTI Aerospace Company Profile
(
Get Free Report)
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.
Further Reading
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