Is xtia a good buy

**XTI Aerospace, Inc. (XTIA) does not appear to be a good buy at this time.** Here's why: 1. **Financial Performance**: XTI Aerospace has reported a net loss of $14.71 million for the quarter ending June 30, 2024, and a diluted EPS of -$1.05, indicating that the company is currently unprofitable. 2. **Revenue Growth**: The company has experienced a significant year-over-year revenue decline of -217.78%, which is a major concern. 3. **Free Cash Flow and Debt**: The company has generated a negative free cash flow of $-8.61 million as of June 30, 2024, and the debt-to-equity ratio is 0.24, indicating that the company has a relatively high level of debt. 4. **Technical Indicators**: The stock's technical indicators such as the 5-Day, 10-Day, and 50-Day moving averages are trending downwards, with the 50-Day moving average being the lowest at $0.3. The Relative Strength Index (RSI) is not available, but a downward trend in the moving averages could indicate a bearish sentiment. 5. **Support and Resistance Levels**: The current support level is at $0.21, and the resistance level is at $0.21. The stock is trading at its support level, which could limit the stock's upside potential. 6. **Recent Developments**: XTI Aerospace has made progress in its development of the TriFan 600, secured investment agreements, and submitted patent applications. 7. **Market Sentiment**: The sentiment among investors is predominantly negative, with a high percentage indicating an interest in short-selling the stock. In conclusion, given the company's financial losses, significant revenue decline, negative free cash flow, high debt, and negative technical indicators, it is advisable to exercise caution. Investors should consider the company's product development progress, regulatory compliance, and the achievability of analyst price targets before making an investment decision.