XTI Aerospace Inc. (NASDAQ: XTIA)’s Outlook Shocks Bears.

In the last trading session, 1.36 million shares of the XTI Aerospace Inc. (NASDAQ:XTIA) were traded, and its beta was 0.28. Most recently the company’s share price was $0.18, and it changed around -$0.01 or -3.79% from the last close, which brings the market valuation of the company to $6.47M. XTIA currently trades at a discount to its 52-week high of $12.60, offering almost -6900.0% off that amount. We note from XTI Aerospace Inc.’s average daily trading volume that its 10-day average is 0.78 million shares, with the 3-month average coming to 997.46K.

XTI Aerospace Inc. (NASDAQ:XTIA) trade information

Instantly XTIA has showed a red trend with a performance of -3.79% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.1968 on recent trading dayincreased the stock’s daily price by 8.54%. The company’s shares are currently down -96.74% year-to-date, but still down -3.68% over the last five days. On the other hand, XTI Aerospace Inc. (NASDAQ:XTIA) is -7.99% down in the 30-day period. We can see from the shorts that 0.59 million shares have been sold at a short interest cover period of 0.7 day(s).

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XTI Aerospace Inc. (XTIA) estimates and forecasts

The year-over-year growth rate is expected to be -15.90%, down from the previous year.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 11.92M in revenue for the current quarter. 1 analysts expect XTI Aerospace Inc. to make 4.63M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 11.24M and 15M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 6.10%. Forecasts for the next quarter put sales growth at -69.10%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 91.71%.

XTIA Dividends

XTI Aerospace Inc.’s next quarterly earnings report is expected to be released in November.