Dietmar Ostermann Sells 4,738 Shares of XOS (NASDAQ:XOS) Stock

Xos, Inc. (NASDAQ:XOS) Director Dietmar Ostermann sold 4,738 shares of the business’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $2.55, for a total value of $12,081.90. Following the completion of the sale, the director directly owned 85,226 shares of the company’s stock, valued at $217,326.30. The trade was a 5.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Dietmar Ostermann also recently made the following trade(s):

• On Wednesday, September 16th, Dietmar Ostermann sold 262 shares of XOS stock. The stock was sold at an average price of $2.54, for a total value of $665.48.
• On Friday, September 4th, Dietmar Ostermann sold 5,000 shares of XOS stock. The shares were sold at an average price of $3.00, for a total value of $15,000.00.
• On Wednesday, September 2nd, Dietmar Ostermann sold 10,000 shares of XOS stock. The stock was sold at an average price of $3.02, for a total transaction of $30,200.00.
• On Thursday, August 20th, Dietmar Ostermann sold 10,000 shares of XOS stock. The shares were sold at an average price of $3.49, for a total transaction of $34,900.00.

XOS Stock Performance

NASDAQ:XOS traded down $0.01 during trading hours on Friday, reaching $2.59. 132,329 shares of the company’s stock were exchanged, compared to its average volume of 1,998,046. The firm has a market capitalization of $36.82 million, a price-to-earnings ratio of -1.60 and a beta of 1.87. The company has a 50-day moving average of $2.69 and a 200 day moving average of $2.48. The company has a quick ratio of 0.95, a current ratio of 2.00 and a debt-to-equity ratio of 0.35. Xos, Inc. has a 1-year low of $1.60 and a 1-year high of $8.27.

XOS (NASDAQ:XOS) last announced its earnings results on Thursday, August 13th. The company reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.02). XOS had a negative net margin of 51.68% and a negative return on equity of 80.31%. The business had revenue of $4.74 million during the quarter, compared to analysts’ expectations of $14.30 million. Research analysts anticipate that Xos, Inc. will post -1.99 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Weiss Ratings downgraded XOS from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, September 9th. Zacks Research cut XOS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Finally, Wall Street Zen downgraded XOS from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Institutional Investors Weigh In On XOS

An institutional investor recently bought a new stake in XOS stock. Algert Global LLC purchased a new stake in Xos, Inc. (NASDAQ:XOS) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 45,663 shares of the company’s stock, valued at approximately $138,000. Algert Global LLC owned approximately 0.33% of XOS as of its most recent SEC filing. Hedge funds and other institutional investors own 12.86% of the company’s stock.

XOS Company Profile

Xos, Inc is a commercial electric vehicle manufacturer focused on helping fleets transition from internal-combustion vehicles to battery-electric transportation. The company develops and sells medium- and heavy-duty vehicles, including step vans, box trucks and other work vehicles designed for delivery, service and vocational applications.

In addition to vehicle manufacturing, Xos provides related electric powertrain technology, fleet management tools and charging solutions intended to support commercial fleet operators.