XTI Aerospace (NASDAQ:XTIA) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

XTI Aerospace, Inc. (NASDAQ:XTIA) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $14.84 and traded as low as $1.04. XTI Aerospace shares last traded at $1.12, with a volume of 433,585 shares.

Wall Street Analysts Forecast Growth

Separately, Maxim Group raised shares of XTI Aerospace to a “strong-buy” rating in a research note on Friday, January 31st.

XTI Aerospace Stock Down 1.8 %

The business has a 50 day moving average of $3.21 and a 200 day moving average of $14.44. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.34 and a current ratio of 0.46.

Hedge Funds Weigh In On XTI Aerospace

An institutional investor recently raised its position in XTI Aerospace stock. Geode Capital Management LLC boosted its position in shares of XTI Aerospace, Inc. (NASDAQ:XTIA) by 351.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 801,211 shares of the technology company’s stock after purchasing an additional 623,575 shares during the quarter. Geode Capital Management LLC owned 43.31% of XTI Aerospace worth $34,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 11.70% of the company’s stock.

About XTI Aerospace

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.