XTI Aerospace (NASDAQ:XTIA) Stock Rating Upgraded by Wall Street Zen
by Kim Johansen · The Markets DailyXTI Aerospace (NASDAQ:XTIA – Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of XTI Aerospace in a 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, XTI Aerospace currently has an average rating of “Moderate Buy”.
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XTI Aerospace Stock Down 0.5%
XTI Aerospace stock opened at $1.76 on Friday. The firm has a 50-day moving average price of $1.46 and a two-hundred day moving average price of $1.66. The firm has a market capitalization of $57.78 million, a price-to-earnings ratio of -0.24 and a beta of 5.28. XTI Aerospace has a 52-week low of $0.96 and a 52-week high of $8.30.
XTI Aerospace (NASDAQ:XTIA – Get Free Report) last announced its earnings results on Wednesday, November 19th. The technology company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.29). XTI Aerospace had a negative return on equity of 580.83% and a negative net margin of 1,326.49%.The firm had revenue of $2.48 million for the quarter, compared to the consensus estimate of $0.80 million.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in XTIA. Wolff Wiese Magana LLC bought a new position in XTI Aerospace during the second quarter worth about $53,000. Geode Capital Management LLC raised its holdings in shares of 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 buying an additional 14,240 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of XTI Aerospace in the 3rd quarter worth approximately $42,000. Anson Funds Management LP bought a new position in shares of XTI Aerospace during the 3rd quarter worth approximately $1,940,000. Finally, Farther Finance Advisors LLC acquired a new stake in XTI Aerospace in the 3rd quarter valued at $147,000. 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.