Should Investors Trust The Upside Potential In XTI Aerospace Inc. (XTIA)?

XTI Aerospace Inc. (NASDAQ:XTIA) currently has a daily average trading volume of 1.66M but it saw 20010960 shares traded in last market. With a market cap of 4.39M USD, the company’s current market price of $0.11 came falling about -1.33 while comparing to the previous closing price of $0.11. In past 52 weeks, the stock remained buoying in the range of price level as high as $12.60 and as low as $0.11. In the recent trading on the day, stock has struck highest price mark of $0.1065 while lowest mark touched by it was $0.1312.

Taking a look at 20-day trading activity of XTI Aerospace Inc. (XTIA) gives us an average price of $0.1509, while its current price level is -99.12% below from 52-week high level whereas it is 2.67% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.1908 while that of 200 days or SMA-200 reads an average of $1.8786. A closer look into the stock’s movement over the week reveals that its volatility is standing at 14.71% during that period while stretching the period over a month that decreases to 11.55%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 17.71 which implies that the stock is in oversold territory.

Over the week, XTIA’s stock price is moving -0.45% down while it is -42.78% when we observe its performance for the past one month. Year-to-date it is -98.02% down and over the past year, the stock is showing a downside performance of -98.99%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -789750016 beaten by the consensus estimate of -668249984 for the same. The company is expected to be releasing its next quarterly report in November, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0. Moreover, analysts are in estimates of $11.92M for current-quarter revenue.

Currently, XTI Aerospace Inc.’s total number of outstanding shares is 39.45M. Company’s return on investment (ROI) stands at -444.98% and return on equity (ROE) at -91.33%. Stock’s beta reads 0.31. Stock has a price to book (P/B) ratio of 1.06 while price to sale or P/S ratio amounts to 0.35. Its return on asset (ROA) is -64.72% on average.