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 report issued on Saturday.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of XTI Aerospace in a report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

XTI Aerospace Stock Down 3.1%

Shares of XTI Aerospace stock opened at $1.57 on Friday. The business has a fifty day simple moving average of $1.61 and a 200 day simple moving average of $1.87. The stock has a market cap of $60.41 million, a PE ratio of -0.30 and a beta of 4.79. The company has a quick ratio of 0.34, a current ratio of 0.55 and a debt-to-equity ratio of 0.08. XTI Aerospace has a 12 month low of $1.22 and a 12 month high of $3.19.

Hedge Funds Weigh In On XTI Aerospace

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers bought a new position in XTI Aerospace during the 1st quarter worth $30,000. AlphaCentric Advisors LLC bought a new stake in shares of XTI Aerospace in the first quarter valued at about $310,000. XTX Topco Ltd boosted its position in shares of XTI Aerospace by 86.1% in the fourth quarter. XTX Topco Ltd now owns 105,738 shares of the technology company’s stock valued at $131,000 after acquiring an additional 48,918 shares during the period. Millennium Management LLC acquired a new position in shares of XTI Aerospace in the fourth quarter valued at about $137,000. Finally, State Street Corp grew its stake in shares of XTI Aerospace by 18.9% in the fourth quarter. State Street Corp now owns 89,403 shares of the technology company’s stock valued at $111,000 after acquiring an additional 14,200 shares in the last quarter. 11.70% of the stock is owned by institutional investors.

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.