XTI Aerospace (NASDAQ:XTIA) Shares Pass Above 50 Day Moving Average – Time to Sell?

XTI Aerospace, Inc. (NASDAQ:XTIA) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $1.44 and traded as high as $1.91. XTI Aerospace shares last traded at $1.83, with a volume of 902,601 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on XTIA. Wall Street Zen cut XTI Aerospace from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. Maxim Group raised XTI Aerospace to a “strong-buy” rating in a report on Friday, January 31st.

XTI Aerospace Trading Down 1.6%

The company has a fifty day moving average of $1.44 and a 200 day moving average of $5.59. The company has a current ratio of 0.46, a quick ratio of 0.34 and a debt-to-equity ratio of 0.35.

XTI Aerospace (NASDAQ:XTIA) last announced its earnings results on Monday, May 19th. The technology company reported ($3.80) EPS for the quarter. XTI Aerospace had a negative return on equity of 2,142.63% and a negative net margin of 874.43%. The firm had revenue of $0.48 million for the quarter.

Institutional Investors Weigh In On XTI Aerospace

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in XTI Aerospace by 351.0% during the fourth quarter. Geode Capital Management LLC now owns 801,211 shares of the technology company’s stock worth $34,000 after purchasing an additional 623,575 shares in the last quarter. Jane Street Group LLC grew its position in XTI Aerospace by 5,712.9% in the fourth quarter. Jane Street Group LLC now owns 759,801 shares of the technology company’s stock worth $33,000 after buying an additional 746,730 shares during the last quarter. Anson Funds Management LP acquired a new position in XTI Aerospace in the first quarter worth approximately $358,000. Finally, Warberg Asset Management LLC acquired a new position in XTI Aerospace in the first quarter worth approximately $27,000. Institutional investors own 11.70% of the company’s stock.

XTI Aerospace Company Profile

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.