XTI Aerospace (NASDAQ:XTIA) Stock Price Passes Below 200 Day Moving Average – Should You Sell?

XTI Aerospace, Inc. (NASDAQ:XTIA) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $20.78 and traded as low as $2.65. XTI Aerospace shares last traded at $2.77, with a volume of 201,064 shares changing hands.

Analysts Set New Price Targets

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

XTI Aerospace Trading Down 10.1 %

The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.34 and a current ratio of 0.46. The firm’s 50 day moving average is $6.04 and its 200-day moving average is $20.78.

Hedge Funds Weigh In On XTI Aerospace

An institutional investor recently raised its position in XTI Aerospace stock. Geode Capital Management LLC boosted its stake in shares of XTI Aerospace, Inc. (NASDAQ:XTIA) by 351.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 approximately 43.31% of XTI Aerospace worth $34,000 at the end of the most recent reporting period. 11.70% of the stock is 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.