XTI Aerospace (NASDAQ:XTIA) Rating Increased to Hold at Wall Street Zen

XTI Aerospace (NASDAQ:XTIA) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of XTI Aerospace in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

XTI Aerospace Stock Performance

Shares of NASDAQ XTIA opened at $2.64 on Friday. The stock has a fifty day moving average price of $1.78 and a two-hundred day moving average price of $1.64. XTI Aerospace has a 1 year low of $0.96 and a 1 year high of $7.43. The firm has a market cap of $91.11 million, a P/E ratio of -0.36 and a beta of 5.36.

Hedge Funds Weigh In On XTI Aerospace

Several large investors have recently bought and sold shares of XTIA. Anson Funds Management LP bought a new stake in shares of XTI Aerospace in the third quarter valued at about $1,940,000. Geode Capital Management LLC increased its stake in XTI Aerospace by 81.3% during the fourth quarter. Geode Capital Management LLC now owns 303,459 shares of the technology company’s stock valued at $376,000 after acquiring an additional 136,104 shares during the period. Millennium Management LLC acquired a new position in XTI Aerospace in the 4th quarter valued at approximately $137,000. XTX Topco Ltd lifted its position in shares of XTI Aerospace by 86.1% in the 4th quarter. XTX Topco Ltd now owns 105,738 shares of the technology company’s stock worth $131,000 after acquiring an additional 48,918 shares during the period. Finally, Citizens Financial Group Inc. RI bought a new stake in shares of XTI Aerospace in the 4th quarter worth approximately $124,000. 11.70% of the stock is currently owned by institutional investors and hedge funds.

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.