XTI Aerospace (NASDAQ:XTIA) Stock Rating Lowered by Wall Street Zen

XTI Aerospace (NASDAQ:XTIA) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of XTI Aerospace in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

XTI Aerospace Stock Performance

XTI Aerospace stock opened at $1.43 on Friday. XTI Aerospace has a 52 week low of $0.96 and a 52 week high of $60.00. The firm has a market capitalization of $46.89 million, a price-to-earnings ratio of -0.19 and a beta of 5.20. The company has a 50 day moving average price of $1.51 and a 200 day moving average price of $1.88.

XTI Aerospace (NASDAQ:XTIA) last released its earnings results on Wednesday, November 19th. The technology company reported ($0.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.29). The business had revenue of $2.48 million during the quarter, compared to analysts’ expectations of $0.80 million. XTI Aerospace had a negative net margin of 1,326.49% and a negative return on equity of 580.83%.

Institutional Trading of XTI Aerospace

A number of institutional investors have recently bought and sold shares of the company. Anson Funds Management LP acquired a new position in XTI Aerospace in the 3rd quarter worth about $1,940,000. Virtu Financial LLC bought a new stake in shares of XTI Aerospace in the 3rd quarter valued at approximately $42,000. Farther Finance Advisors LLC bought a new stake in shares of XTI Aerospace in the 3rd quarter valued at approximately $147,000. Geode Capital Management LLC increased 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 last quarter. Finally, Wolff Wiese Magana LLC bought a new position in XTI Aerospace during the second quarter valued at approximately $53,000. Institutional investors and hedge funds own 11.70% of the company’s stock.

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.