XTI Aerospace (NASDAQ:XTIA) Downgraded by Wall Street Zen to “Sell”

by · The Cerbat Gem

Wall Street Zen lowered shares of XTI Aerospace (NASDAQ:XTIA – Free Report) from a hold rating to a sell rating in a research report report published on Saturday.

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

Get Our Latest Analysis on XTI Aerospace

XTI Aerospace Stock Performance

NASDAQ:XTIA opened at $1.43 on Friday. The stock has a 50-day simple moving average of $1.51 and a two-hundred day simple moving average of $1.88. The firm has a market capitalization of $46.89 million, a PE ratio of -0.19 and a beta of 5.20. XTI Aerospace has a 52-week low of $0.96 and a 52-week high of $60.00.

XTI Aerospace (NASDAQ:XTIA – Get Free Report) last posted its quarterly earnings data 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 for 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 Investors Weigh In On XTI Aerospace

Several institutional investors and hedge funds have recently modified their holdings of the stock. Virtu Financial LLC purchased a new position in shares of XTI Aerospace in the third quarter worth $42,000. Wolff Wiese Magana LLC bought a new stake in XTI Aerospace in the 2nd quarter valued at $53,000. Geode Capital Management LLC lifted its stake in XTI Aerospace by 47.2% in the 2nd quarter. Geode Capital Management LLC now owns 44,424 shares of the technology company’s stock worth $72,000 after purchasing an additional 14,240 shares in the last quarter. Farther Finance Advisors LLC bought a new position in shares of XTI Aerospace during the 3rd quarter valued at about $147,000. Finally, Anson Funds Management LP purchased a new position in shares of XTI Aerospace during the first quarter valued at about $358,000. Institutional investors own 11.70% of the company’s stock.

About XTI Aerospace

(Get Free Report)

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.

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