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

Wall Street Zen cut shares of XTI Aerospace (NASDAQ:XTIA) from a hold rating to a sell rating in a report published on Saturday morning.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of XTI Aerospace in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

XTI Aerospace Price Performance

Shares of NASDAQ:XTIA opened at $1.35 on Friday. The company’s fifty day moving average price is $1.53 and its 200-day moving average price is $1.85. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.55 and a quick ratio of 0.34. The firm has a market capitalization of $51.95 million, a price-to-earnings ratio of -0.26 and a beta of 4.79. XTI Aerospace has a one year low of $1.22 and a one year high of $3.19.

Institutional Trading of XTI Aerospace

Several hedge funds and other institutional investors have recently bought and sold shares of XTIA. AlphaCentric Advisors LLC purchased a new position in shares of XTI Aerospace during the first quarter worth approximately $310,000. Geode Capital Management LLC lifted its holdings in shares of XTI Aerospace by 81.3% in the 4th quarter. Geode Capital Management LLC now owns 303,459 shares of the technology company’s stock worth $376,000 after acquiring an additional 136,104 shares during the last quarter. Millennium Management LLC purchased a new stake in shares of XTI Aerospace in the 4th quarter valued at $137,000. Citizens Financial Group Inc. RI purchased a new stake in shares of XTI Aerospace in the 4th quarter valued at $124,000. Finally, XTX Topco Ltd grew its holdings in shares of XTI Aerospace by 86.1% during the 4th quarter. XTX Topco Ltd now owns 105,738 shares of the technology company’s stock valued at $131,000 after purchasing an additional 48,918 shares during the last quarter. Hedge funds and other institutional investors own 11.70% of the company’s stock.

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.