XTI Aerospace Inc. (NASDAQ:XTIA) price on Friday, October 25, fall -7.84% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.09.
A look at the stock’s price movement, the close in the last trading session was $0.09, moving within a range at $0.0816 and $0.0979. Turning to its 52-week performance, $11.50 and $0.09 were the 52-week high and 52-week low respectively. Overall, XTIA moved -55.77% over the past month.
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XTI Aerospace Inc.’s market cap currently stands at around $3.38 million, with investors looking forward to this quarter’s earnings report slated for in November.
Analysts have a consensus estimate of 11.92M for the company’s revenue for the quarter, with a low and high estimate of 18.32M and 18.32M respectively. The average forecast suggests up to a 6.10% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 45.13M, representing a -15.90% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that XTIA is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
XTIA’s current price about -39.01% and -53.85% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 13.04, while 7-day volatility ratio is 17.40% and 12.92% in the 30-day chart. Further, XTI Aerospace Inc. (XTIA) has a beta value of 0.31, and an average true range (ATR) of 0.02.
If we refocus on XTI Aerospace Inc. (NASDAQ:XTIA), historical trading data shows that trading volumes averaged 7.09 over the past 10 days and 1.90 million over the past 3 months. The company’s latest data on shares outstanding shows there are 39.45 million shares.
The 15.23% of XTI Aerospace Inc.’s shares are in the hands of company insiders while institutional holders own 0.35% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.54 million on 2024-09-30, giving us a short ratio of 0.82. The data shows that as of 2024-09-30 short interest in XTI Aerospace Inc. (XTIA) stood at 171.0 of shares outstanding, with shares short rising to 0.51 million registered in 2024-08-30. Current price change has pushed the stock -98.47% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the XTIA stock continues to rise going into the next quarter.
