XTI Aerospace (NASDAQ:XTIA) Share Price Passes Above 50 Day Moving Average – Time to Sell?

XTI Aerospace, Inc. (NASDAQ:XTIA)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $1.99 and traded as high as $2.04. XTI Aerospace shares last traded at $1.92, with a volume of 1,978,196 shares traded.

Analyst Upgrades and Downgrades

Several research analysts recently commented on XTIA shares. Wall Street Zen cut XTI Aerospace from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Maxim Group raised XTI Aerospace to a “strong-buy” rating in a research report on Friday, March 20th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of XTI Aerospace in a research report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

XTI Aerospace Stock Performance

The firm has a market capitalization of $73.88 million, a price-to-earnings ratio of -0.37 and a beta of 4.76. The company has a fifty day moving average of $1.99 and a two-hundred day moving average of $1.84. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.34 and a current ratio of 0.55.

XTI Aerospace (NASDAQ:XTIA) last posted its quarterly earnings data on Wednesday, April 15th. The technology company reported ($0.45) EPS for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.11). XTI Aerospace had a negative return on equity of 2,044.78% and a negative net margin of 171.13%.The company had revenue of $18.92 million for the quarter, compared to the consensus estimate of $14.50 million.

Institutional Investors Weigh In On XTI Aerospace

Hedge funds have recently modified their holdings of the company. State Street Corp lifted its holdings in XTI Aerospace by 18.9% during the 4th quarter. State Street Corp now owns 89,403 shares of the technology company’s stock worth $111,000 after buying an additional 14,200 shares during the period. Geode Capital Management LLC lifted its stake in shares of XTI Aerospace by 47.2% in the 2nd quarter. Geode Capital Management LLC now owns 44,424 shares of the technology company’s stock valued at $72,000 after purchasing an additional 14,240 shares during the period. Cetera Investment Advisers acquired a new position in shares of XTI Aerospace in the 1st quarter valued at about $30,000. Virtu Financial LLC acquired a new position in shares of XTI Aerospace in the 3rd quarter valued at about $42,000. Finally, XTX Topco Ltd lifted its stake in shares of 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. Institutional investors and hedge funds 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.