XTI Aerospace Inc. (NASDAQ:XTIA) traded at $0.12 at close of the session on current trade day and made a downward move of -15.76% on its previous day’s price.
Looking at the stock we see that its previous close was $0.14 with the day’s price range being $0.11 – $0.1443. In terms of its 52-week price range, XTIA has a high of $12.60 and a low of $0.13. The company’s stock has lost about -49.09% over that past 30 days.
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XTI Aerospace Inc. has a market cap of $4.62 million and is expected to release its quarterly earnings report in November.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 11.92M, with a low of 18.32M and a high of 18.32M. The median projection represents growth squeezing down to 6.10% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 45.13M, or -15.90% down from figures reported last year.
On the other hand, looking at the outlook for the XTIA stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell.
Looking further, we note the current price level is -37.76% off its SMA20 and -43.00% from its 50-day simple moving average. The RSI (14) is pointing at 14.52 while the volatility over the past week is 18.15% and jumps to 10.06% over the past one month. The beta value is 0.30, while the average true range (ATR) is currently pointing at 0.02.
Coming back to XTI Aerospace Inc. (NASDAQ:XTIA), we note that the average 3-month trading volume was 997.69K, while that of the preceding 10-day period stands at 2.04 million. Current shares outstanding are 39.45 million.
The insiders hold 15.23% of the company’s shares while institutions hold 0.35%. The data shows that short shares as of 2024-09-30, stood at 0.54 million at a short ratio of 0.82. This represents a 171.00 short interest in shares outstanding on 2024-09-30. Shares short rose in September from the previous month at 0.51 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -97.92% down in year-to-date price movement.
