XTI Aerospace (NASDAQ:XTIA) Share Price Passes Above Fifty Day Moving Average – Should You Sell?

XTI Aerospace, Inc. (NASDAQ:XTIA)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $1.51 and traded as high as $1.5971. XTI Aerospace shares last traded at $1.53, with a volume of 862,323 shares trading hands.

Analyst Ratings Changes

Several research firms have recently issued reports on XTIA. Weiss Ratings reiterated a “sell (e+)” rating on shares of XTI Aerospace in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of XTI Aerospace from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, XTI Aerospace currently has an average rating of “Moderate Buy”.

XTI Aerospace Price Performance

The stock has a market cap of $30.99 million, a P/E ratio of -0.21 and a beta of 4.84. The business has a 50 day simple moving average of $1.51 and a 200-day simple moving average of $1.88. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.99 and a current ratio of 1.11.

XTI Aerospace (NASDAQ:XTIA) last issued its quarterly earnings results on Wednesday, November 19th. The technology company reported ($0.61) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.29). The company had revenue of $2.48 million during the quarter, compared to analysts’ expectations of $0.80 million. XTI Aerospace had a negative return on equity of 655.07% and a negative net margin of 1,714.04%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Warberg Asset Management LLC purchased a new stake in shares of XTI Aerospace during the 1st quarter worth approximately $27,000. Virtu Financial LLC bought a new position in XTI Aerospace during the third quarter valued at $42,000. Wolff Wiese Magana LLC purchased a new stake in XTI Aerospace in the second quarter worth $53,000. Geode Capital Management LLC raised its stake in shares of XTI Aerospace by 47.2% in the second 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. Finally, Farther Finance Advisors LLC bought a new stake in shares of XTI Aerospace in the third quarter valued at $147,000. 11.70% of the stock is owned by institutional investors.

About XTI Aerospace

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.