XTI Aerospace (NASDAQ:XTIA) Upgraded to “Hold” at Wall Street Zen

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

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of XTI Aerospace in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

XTI Aerospace Price Performance

Shares of XTIA opened at $2.64 on Friday. The company has a market capitalization of $91.11 million, a PE ratio of -0.36 and a beta of 5.36. XTI Aerospace has a one year low of $0.96 and a one year high of $7.43. The company’s fifty day moving average price is $1.78 and its 200 day moving average price is $1.64.

Hedge Funds Weigh In On XTI Aerospace

Several large investors have recently bought and sold shares of XTIA. XTX Topco Ltd grew its position 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 during the last quarter. Millennium Management LLC acquired a new position in shares of XTI Aerospace during the fourth quarter valued at about $137,000. State Street Corp raised its position in shares of XTI Aerospace by 18.9% during the fourth quarter. State Street Corp now owns 89,403 shares of the technology company’s stock valued at $111,000 after buying an additional 14,200 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of XTI Aerospace by 81.3% in the fourth quarter. Geode Capital Management LLC now owns 303,459 shares of the technology company’s stock valued at $376,000 after buying an additional 136,104 shares during the period. Finally, Citizens Financial Group Inc. RI bought a new stake in shares of XTI Aerospace in the fourth quarter valued at about $124,000. 11.70% of the stock is currently owned by institutional investors and hedge funds.

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.