XTI Aerospace, Inc. (NASDAQ:XTIA) shares are volatile Wednesday after the company announced Mesa Air Group, Inc. (NASDAQ:MESA) is the purchaser under a previously disclosed conditional purchase order with XTI Aircraft Company.

The Details:

XTI Aerospace said that Mesa Air is the purchaser of up to 100 TriFan 600 aircraft announced Tuesday. If all conditions are met and the order is fully exercised, it could represent up to approximately $1 billion in revenue for XTI Aerospace.

XTI Aerospace also announced that Mesa is an investor in XTI Aerospace, with warrants and a minority stake in common stock shares.

Related News: Wedbush's Dan Ives Says WWDC 2024 Is 'Most Important Event For Apple In Over A Decade': What To Expect

"We are excited to have secured this conditional pre-order and position from Mesa Airlines and believe it serves as further validation of the substantial and untapped market for our aircraft. With a maximum speed of 345 mph and a range of 700 miles, we believe the TriFan 600 will be an ideal alternative to existing aircraft for regional passengers," commented Scott Pomeroy, CEO of XTI Aerospace.

XTI Aerospace shares are moving on heavy trading volume following the company's announcement. According to data from Benzinga Pro, more than 46.13 million shares have already been traded in the session, compared to the stock's 100-day average of 1.811 million shares.

Is XTIA A Good Stock To Buy?

An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages – like XTI Aerospace's page for example – there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.

These are known as capital allocation programs. XTI Aerospace does not pay a dividend, but obviously has a few ways it can return value to shareholders. Feel free to search Benzinga's dividend calendar for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.

For example, if you're looking to earn an annualized return of 13.86%, you'll need to buy a share of Nuveen Real Asset I&G by the Jun. 14, 2024. Once done, you can expect to receive a nominal payout of $0.13 on Jul. 1, 2024.

Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on XTI Aerospace will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.

XTIA Price Action: According to Benzinga Pro, XTI Aerospace shares are up 20.6% at $1.11 at the time of publication Wednesday.

Image: Courtesy of XTI Aerospace, Inc.