Anson Funds Management LP Makes New Investment in XTI Aerospace, Inc. $XTIA

Anson Funds Management LP bought a new stake in shares of XTI Aerospace, Inc. (NASDAQ:XTIA) during the third quarter, Holdings Channel reports. The fund bought 1,319,687 shares of the technology company’s stock, valued at approximately $1,940,000. Anson Funds Management LP owned 0.07% of XTI Aerospace at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Geode Capital Management LLC lifted its position 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 purchasing an additional 14,240 shares during the period. Virtu Financial LLC purchased a new position in XTI Aerospace during the third quarter valued at approximately $42,000. Finally, Farther Finance Advisors LLC purchased a new position in XTI Aerospace during the third quarter valued at approximately $147,000. Institutional investors own 11.70% of the company’s stock.

XTI Aerospace Price Performance

XTI Aerospace stock opened at $2.71 on Friday. The stock has a market capitalization of $93.52 million, a price-to-earnings ratio of -0.37 and a beta of 5.36. XTI Aerospace, Inc. has a 1-year low of $0.96 and a 1-year high of $7.43. The business has a fifty day moving average price of $1.93 and a 200-day moving average price of $1.68.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of XTI Aerospace in a research report on Wednesday, January 21st. Wall Street Zen upgraded shares of XTI Aerospace from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

XTI Aerospace 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.