XTI Aerospace (NASDAQ:XTIA) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

XTI Aerospace, Inc. (NASDAQ:XTIA) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $30.47 and traded as low as $4.45. XTI Aerospace shares last traded at $4.53, with a volume of 146,743 shares trading hands.

Wall Street Analyst Weigh In

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

XTI Aerospace Price Performance

The business’s 50 day moving average price is $9.06 and its 200-day moving average price is $29.76. The company has a quick ratio of 0.34, a current ratio of 0.46 and a debt-to-equity ratio of 0.35.

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.