Anson Funds Management LP Invests $358,000 in XTI Aerospace, Inc. $XTIA

Anson Funds Management LP acquired a new position in XTI Aerospace, Inc. (NASDAQ:XTIA) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 328,060 shares of the technology company’s stock, valued at approximately $358,000. Anson Funds Management LP owned approximately 5.22% of XTI Aerospace at the end of the most recent quarter.

Separately, Warberg Asset Management LLC bought a new position in shares of XTI Aerospace in the 1st quarter worth about $27,000. 11.70% of the stock is currently owned by hedge funds and other institutional investors.

XTI Aerospace Stock Performance

Shares of XTIA opened at $2.22 on Thursday. XTI Aerospace, Inc. has a twelve month low of $0.96 and a twelve month high of $62.50. The firm has a 50 day moving average of $1.96 and a 200 day moving average of $2.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.11 and a quick ratio of 0.99.

XTI Aerospace (NASDAQ:XTIA) last issued its earnings results on Thursday, August 14th. The technology company reported ($2.93) EPS for the quarter, missing the consensus estimate of ($1.45) by ($1.48). The business had revenue of $0.60 million for the quarter, compared to analysts’ expectations of $0.60 million. XTI Aerospace had a negative net margin of 1,714.04% and a negative return on equity of 655.07%.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of XTI Aerospace from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company presently has an average rating of “Strong Buy”.

XTI Aerospace Company Profile

XTI Aerospace, Inc engages in the provision of aircraft manufacturing. It primarily focuses on the light and mid-size business aircraft market. The company was founded in April 1999 and is headquartered in Englewood, CO.