XOS (NASDAQ:XOS) Announces Quarterly Earnings Results

XOS (NASDAQ:XOS) announced its quarterly earnings data on Thursday. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of ($0.73) by $0.95, FiscalAI reports. The business had revenue of $16.50 million during the quarter, compared to analyst estimates of $17.33 million. XOS had a negative return on equity of 147.93% and a negative net margin of 91.56%. XOS updated its FY 2025 guidance to EPS.

XOS Stock Down 1.9%

Shares of NASDAQ XOS traded down $0.05 during midday trading on Friday, reaching $2.47. 26,683 shares of the company’s stock traded hands, compared to its average volume of 622,643. The company has a quick ratio of 1.18, a current ratio of 2.22 and a debt-to-equity ratio of 0.85. The company has a market cap of $21.48 million, a price-to-earnings ratio of -0.42 and a beta of 1.60. The stock’s 50 day simple moving average is $2.68 and its 200-day simple moving average is $3.07. XOS has a one year low of $2.21 and a one year high of $9.15.

Insider Transactions at XOS

In other XOS news, Director Stuart N. Bernstein sold 14,347 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $3.07, for a total value of $44,045.29. Following the completion of the transaction, the director directly owned 98,158 shares of the company’s stock, valued at approximately $301,345.06. The trade was a 12.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Emerald Green Trust sold 11,768 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $2.39, for a total value of $28,125.52. Following the transaction, the insider directly owned 1,582,134 shares of the company’s stock, valued at approximately $3,781,300.26. The trade was a 0.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 231,665 shares of company stock worth $633,880 in the last 90 days. Insiders own 20.90% of the company’s stock.

Hedge Funds Weigh In On XOS

An institutional investor recently bought a new position in XOS stock. Two Sigma Investments LP bought a new stake in Xos, Inc. (NASDAQ:XOS) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 122,745 shares of the company’s stock, valued at approximately $331,000. Two Sigma Investments LP owned about 1.41% of XOS at the end of the most recent reporting period. Institutional investors own 12.86% of the company’s stock.

Wall Street Analyst Weigh In

XOS has been the subject of a number of recent research reports. Wedbush boosted their price objective on shares of XOS from $6.00 to $7.00 and gave the stock an “outperform” rating in a report on Thursday, August 14th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of XOS in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $6.00.

About XOS

Xos, Inc is an electric mobility company engaged in manufacturing electric trucks. The firm designs and develops fully electric battery mobility systems specifically for commercial fleets. The company was founded by Dakota Semler and Giordano Sordoni on July 29, 2020 and is headquartered in Los Angeles, CA.