XTI Aerospace (NASDAQ:XTIA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of XTI Aerospace (NASDAQ:XTIA) from a sell rating to a hold rating in a research report released on Saturday morning.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of XTI Aerospace in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

XTI Aerospace Price Performance

XTIA opened at $2.78 on Friday. The company has a market capitalization of $95.94 million, a PE ratio of -0.38 and a beta of 5.36. XTI Aerospace has a fifty-two week low of $0.96 and a fifty-two week high of $7.43. The business has a 50-day moving average of $1.80 and a 200-day moving average of $1.65.

Institutional Investors Weigh In On XTI Aerospace

Institutional investors have recently bought and sold shares of the business. Anson Funds Management LP acquired a new stake in XTI Aerospace during the third quarter valued at approximately $1,940,000. Geode Capital Management LLC raised its holdings in shares of XTI Aerospace by 81.3% in the fourth quarter. Geode Capital Management LLC now owns 303,459 shares of the technology company’s stock valued at $376,000 after buying an additional 136,104 shares during the last quarter. Millennium Management LLC acquired a new position in shares of XTI Aerospace during the fourth quarter worth approximately $137,000. Farther Finance Advisors LLC acquired a new position in XTI Aerospace during the 3rd quarter worth $147,000. Finally, Citizens Financial Group Inc. RI bought a new position in XTI Aerospace in the fourth quarter valued at about $124,000. 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.