XTI Aerospace (NASDAQ:XTIA) Stock Rating Upgraded by 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 reissued a “sell (e+)” rating on shares of XTI Aerospace in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

XTI Aerospace Stock Performance

Shares of XTIA stock opened at $1.62 on Friday. The stock has a 50-day simple moving average of $1.61 and a 200 day simple moving average of $1.87. The stock has a market capitalization of $62.34 million, a P/E ratio of -0.31 and a beta of 4.79. XTI Aerospace has a fifty-two week low of $1.22 and a fifty-two week high of $3.19. The company has a quick ratio of 0.34, a current ratio of 0.55 and a debt-to-equity ratio of 0.08.

Institutional Investors Weigh In On XTI Aerospace

A number of institutional investors and hedge funds have recently modified their holdings of the stock. AlphaCentric Advisors LLC acquired a new stake in shares of XTI Aerospace during the first quarter worth $310,000. Geode Capital Management LLC lifted its holdings in shares of 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 purchasing an additional 136,104 shares during the last quarter. Millennium Management LLC acquired a new position in shares of XTI Aerospace in the 4th quarter valued at $137,000. Citizens Financial Group Inc. RI acquired a new position in shares of XTI Aerospace in the 4th quarter valued at $124,000. Finally, XTX Topco Ltd increased its stake in 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 purchasing an additional 48,918 shares in the last quarter. Institutional investors and hedge funds own 11.70% of the company’s stock.

XTI Aerospace Company Profile

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.