XTI Aerospace (NASDAQ:XTIA) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of XTI Aerospace (NASDAQ:XTIA) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of XTI Aerospace in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

XTI Aerospace Price Performance

XTIA opened at $1.62 on Friday. XTI Aerospace has a one year low of $1.22 and a one year high of $3.19. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.55 and a quick ratio of 0.34. The company’s 50 day simple moving average is $1.61 and its 200-day simple moving average is $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.

Institutional Trading of XTI Aerospace

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp lifted its position in XTI Aerospace by 18.9% during the 4th quarter. State Street Corp now owns 89,403 shares of the technology company’s stock valued at $111,000 after purchasing an additional 14,200 shares during the period. Geode Capital Management LLC grew its position in shares of XTI Aerospace by 47.2% during the 2nd 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 during the period. Cetera Investment Advisers acquired a new stake in shares of XTI Aerospace during the 1st quarter worth approximately $30,000. Virtu Financial LLC bought a new stake in shares of XTI Aerospace during the third quarter worth approximately $42,000. Finally, XTX Topco Ltd raised its stake in shares of XTI Aerospace by 86.1% during the fourth quarter. XTX Topco Ltd now owns 105,738 shares of the technology company’s stock worth $131,000 after buying an additional 48,918 shares during the last quarter. 11.70% of the stock is owned by institutional investors.

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.