XTI Aerospace (NASDAQ:XTIA) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

XTI Aerospace, Inc. (NASDAQ:XTIA)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.94 and traded as low as $1.49. XTI Aerospace shares last traded at $1.60, with a volume of 3,369,257 shares changing hands.

XTI Aerospace Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 1.11 and a quick ratio of 0.99. The firm’s fifty day moving average price is $1.91 and its 200 day moving average price is $1.94.

XTI Aerospace (NASDAQ:XTIA) last posted its earnings results on Thursday, August 14th. The technology company reported ($2.93) EPS for the quarter, missing analysts’ consensus estimates of ($1.45) by ($1.48). The firm had revenue of $0.60 million for the quarter, compared to analysts’ expectations of $0.60 million. XTI Aerospace had a negative net margin of 1,714.04% and a negative return on equity of 655.07%.

Institutional Trading of XTI Aerospace

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Warberg Asset Management LLC purchased a new position in XTI Aerospace during the first quarter valued at $27,000. Wolff Wiese Magana LLC purchased a new position in shares of XTI Aerospace in the second quarter worth about $53,000. Geode Capital Management LLC lifted its stake in shares of XTI Aerospace by 47.2% in the second 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. Anson Funds Management LP purchased a new position in shares of XTI Aerospace in the first quarter worth about $358,000. Finally, Jane Street Group LLC lifted its stake in shares of 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 in the last quarter. Institutional investors and hedge funds 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.