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

XTI Aerospace, Inc. (NASDAQ:XTIA) shares passed 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 upgraded shares of XTI Aerospace to a “strong-buy” rating in a report on Friday, January 31st.

XTI Aerospace Stock Performance

The firm’s fifty day moving average is $4.31 and its 200-day moving average is $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 Trading of XTI Aerospace

A hedge fund recently raised its stake in XTI Aerospace stock. Geode Capital Management LLC grew its holdings in shares of XTI Aerospace, Inc. (NASDAQ:XTIA) by 351.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 801,211 shares of the technology company’s stock after purchasing an additional 623,575 shares during the period. Geode Capital Management LLC owned about 43.31% of XTI Aerospace worth $34,000 as of its most recent SEC filing. Institutional investors and hedge funds own 11.70% of the company’s stock.

About XTI Aerospace

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.