XTI Aerospace (NASDAQ:XTIA) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

XTI Aerospace, Inc. (NASDAQ:XTIA)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.78 and traded as low as $0.09. XTI Aerospace shares last traded at $0.09, with a volume of 15,067,207 shares traded.

XTI Aerospace Trading Down 16.4 %

The business has a fifty day moving average price of $0.19 and a 200 day moving average price of $0.78. The company has a quick ratio of 0.54, a current ratio of 0.66 and a debt-to-equity ratio of 0.02.

XTI Aerospace (NASDAQ:XTIA) last released its quarterly earnings data on Wednesday, August 14th. The technology company reported ($1.05) EPS for the quarter. The firm had revenue of $1.03 million during the quarter. XTI Aerospace had a negative return on equity of 809.13% and a negative net margin of 982.73%.

Institutional Investors Weigh In On XTI Aerospace

A hedge fund recently bought a new stake in XTI Aerospace stock. Ursa Fund Management LLC acquired a new stake in shares of XTI Aerospace, Inc. (NASDAQ:XTIA) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 21,980 shares of the technology company’s stock, valued at approximately $38,000. XTI Aerospace makes up about 0.1% of Ursa Fund Management LLC’s investment portfolio, making the stock its 16th biggest position. Ursa Fund Management LLC owned 0.22% of XTI Aerospace at the end of the most recent quarter. 11.70% of the stock is owned by institutional investors.

About XTI Aerospace

XTI Aircraft Company manufactures vertical takeoff airplanes. The company provides TriFan 600, which lifts off vertically. XTI Aircraft Company was formerly known as AVX Aircraft Technologies, Inc and changed its name to XTI Aircraft Company in March 2015. The company was incorporated in 2009 and is based in Englewood, Colorado.