XTI Aerospace (NASDAQ:XTIA) Shares Cross Below 200 Day Moving Average – Should You Sell?

XTI Aerospace, Inc. (NASDAQ:XTIA) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.88 and traded as low as $1.58. XTI Aerospace shares last traded at $1.61, with a volume of 600,942 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on XTIA shares. Wall Street Zen downgraded XTI Aerospace from a “hold” rating to a “sell” rating in a research report on Sunday, June 21st. Weiss Ratings reiterated a “sell (e+)” rating on shares of XTI Aerospace in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, XTI Aerospace presently has an average rating of “Moderate Buy”.

XTI Aerospace Stock Performance

The company has a quick ratio of 0.34, a current ratio of 0.55 and a debt-to-equity ratio of 0.08. The firm has a market cap of $62.34 million, a P/E ratio of -0.31 and a beta of 4.79. The business has a fifty day simple moving average of $1.62 and a 200-day simple moving average of $1.87.

Hedge Funds Weigh In On XTI Aerospace

A number of institutional investors have recently bought and sold shares of the stock. Cetera Investment Advisers bought a new stake in shares of XTI Aerospace during the 1st quarter valued at $30,000. Virtu Financial LLC bought a new position in XTI Aerospace in the 3rd quarter worth $42,000. Geode Capital Management LLC increased 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 buying an additional 14,240 shares in the last quarter. State Street Corp increased its stake in XTI Aerospace by 18.9% in the 4th quarter. State Street Corp now owns 89,403 shares of the technology company’s stock worth $111,000 after buying an additional 14,200 shares in the last quarter. Finally, Citizens Financial Group Inc. RI bought a new stake in XTI Aerospace during the fourth quarter valued at about $124,000. 11.70% of the stock is owned by institutional investors.

About XTI Aerospace

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.