XTI Aerospace (NASDAQ:XTIA) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Shares of XTI Aerospace, Inc. (NASDAQ:XTIA) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.96 and traded as low as $1.17. XTI Aerospace shares last traded at $1.23, with a volume of 179,619 shares traded.

Analysts Set New Price Targets

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

XTI Aerospace Trading Down 1.6 %

The firm has a 50 day moving average price of $2.10 and a 200-day moving average price of $8.96. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.34 and a current ratio of 0.46.

Hedge Funds Weigh In On XTI Aerospace

An institutional investor recently raised its position in XTI Aerospace stock. Jane Street Group LLC lifted its holdings in shares of XTI Aerospace, Inc. (NASDAQ:XTIA) by 5,712.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 41.07% of XTI Aerospace worth $33,000 at the end of the most recent quarter. 11.70% of the stock is owned by institutional investors and hedge funds.

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.