XTI Aerospace (NASDAQ:XTIA) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

Shares of XTI Aerospace, Inc. (NASDAQ:XTIA) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $1.60 and traded as high as $1.85. XTI Aerospace shares last traded at $1.76, with a volume of 1,794,534 shares.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on XTIA. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of XTI Aerospace in a report on Wednesday, January 21st. Wall Street Zen downgraded XTI Aerospace from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, XTI Aerospace has a consensus rating of “Sell”.

XTI Aerospace Trading Up 6.7%

The firm’s 50-day moving average price is $1.60 and its 200-day moving average price is $1.62. The stock has a market capitalization of $60.74 million, a PE ratio of -0.24 and a beta of 5.37.

XTI Aerospace (NASDAQ:XTIA) last released its quarterly earnings results on Wednesday, November 19th. The technology company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.29). XTI Aerospace had a negative return on equity of 580.83% and a negative net margin of 1,326.49%.The company had revenue of $2.48 million during the quarter, compared to analysts’ expectations of $0.80 million.

Institutional Trading of XTI Aerospace

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC bought a new stake in XTI Aerospace in the third quarter worth $42,000. Geode Capital Management LLC raised 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 valued at $72,000 after acquiring an additional 14,240 shares during the period. State Street Corp lifted its holdings in shares of XTI Aerospace by 18.9% in the 4th quarter. State Street Corp now owns 89,403 shares of the technology company’s stock worth $111,000 after acquiring an additional 14,200 shares during the last quarter. Citizens Financial Group Inc. RI purchased a new position in shares of XTI Aerospace during the 4th quarter worth about $124,000. Finally, Farther Finance Advisors LLC bought a new position in XTI Aerospace during the 3rd quarter valued at about $147,000. 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.