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

Shares of XTI Aerospace, Inc. (NASDAQ:XTIA) 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.

Wall Street Analysts Forecast Growth

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

XTI Aerospace Trading Down 4.9 %

The company has a debt-to-equity ratio of 0.35, a current ratio of 0.46 and a quick ratio of 0.34. The business’s fifty day simple moving average is $4.51 and its 200 day simple moving average is $18.61.

Institutional Investors Weigh In On XTI Aerospace

An institutional investor recently raised its position in XTI Aerospace stock. Jane Street Group LLC grew its stake in XTI Aerospace, Inc. (NASDAQ:XTIA) by 5,712.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 759,801 shares of the technology company’s stock after purchasing an additional 746,730 shares during the quarter. Jane Street Group LLC owned approximately 41.07% of XTI Aerospace worth $33,000 as of its most recent filing with the SEC. 11.70% of the stock is currently owned by institutional investors.

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.