XTI Aerospace (NASDAQ:XTIA) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

XTI Aerospace, Inc. (NASDAQ:XTIA)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $16.82 and traded as low as $2.45. XTI Aerospace shares last traded at $2.55, with a volume of 119,498 shares trading 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 Stock Down 2.3 %

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 has a 50 day simple moving average of $3.79 and a 200-day simple moving average of $16.82.

Institutional Trading of XTI Aerospace

A hedge fund recently raised its stake in XTI Aerospace stock. Jane Street Group LLC boosted its position in shares of XTI Aerospace, Inc. (NASDAQ:XTIA) by 5,712.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 759,801 shares of the technology company’s stock after acquiring an additional 746,730 shares during the quarter. Jane Street Group LLC owned 41.07% of XTI Aerospace worth $33,000 at the end of the most recent quarter. 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.