XTI Aerospace (NASDAQ:XTIA) Share Price Passes Below 200-Day Moving Average – Here’s Why

XTI Aerospace, Inc. (NASDAQ:XTIA)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $18.61 and traded as low as $2.53. XTI Aerospace shares last traded at $2.55, with a volume of 1,274,906 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Maxim Group raised XTI Aerospace to a “strong-buy” rating in a report on Friday, January 31st.

XTI Aerospace Stock Up 3.1 %

The firm has a fifty day moving average of $4.31 and a 200 day moving average of $18.50. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.46 and a quick ratio of 0.34.

Institutional Inflows and Outflows

An institutional investor recently raised its position in XTI Aerospace stock. Geode Capital Management LLC lifted its stake in shares of XTI Aerospace, Inc. (NASDAQ:XTIA) by 351.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 801,211 shares of the technology company’s stock after acquiring an additional 623,575 shares during the period. Geode Capital Management LLC owned 43.31% of XTI Aerospace worth $34,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 11.70% of the company’s stock.

XTI Aerospace Company Profile

XTI Aerospace, Inc engages in the provision of aircraft manufacturing. It primarily focuses on the light and mid-size business aircraft market. The company was founded in April 1999 and is headquartered in Englewood, CO.