XOS (NASDAQ:XOS) Director Sells $14,911.95 in Stock

Xos, Inc. (NASDAQ:XOS) Director Dietmar Ostermann sold 3,351 shares of the business’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $4.45, for a total value of $14,911.95. Following the sale, the director owned 79,593 shares in the company, valued at $354,188.85. This represents a 4.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

XOS Trading Down 18.0%

Shares of XOS stock opened at $3.50 on Friday. The firm has a market capitalization of $42.42 million, a P/E ratio of -1.77 and a beta of 1.81. Xos, Inc. has a twelve month low of $1.60 and a twelve month high of $8.27. The company has a quick ratio of 0.90, a current ratio of 1.89 and a debt-to-equity ratio of 0.51. The stock’s fifty day simple moving average is $2.32 and its 200 day simple moving average is $2.22.

XOS (NASDAQ:XOS) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.43) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.29. The business had revenue of $11.23 million for the quarter, compared to analyst estimates of $6.23 million. XOS had a negative return on equity of 86.90% and a negative net margin of 39.13%. As a group, sell-side analysts predict that Xos, Inc. will post -2.29 EPS for the current fiscal year.

Institutional Investors Weigh In On XOS

A number of institutional investors have recently made changes to their positions in the stock. Citadel Advisors LLC bought a new stake in shares of XOS in the 3rd quarter valued at about $27,000. Geode Capital Management LLC grew its position in shares of XOS by 29.9% in the 4th quarter. Geode Capital Management LLC now owns 71,145 shares of the company’s stock valued at $129,000 after buying an additional 16,357 shares during the last quarter. DRW Securities LLC bought a new stake in shares of XOS in the 4th quarter valued at about $33,000. Finally, Two Sigma Investments LP bought a new stake in shares of XOS in the 3rd quarter valued at about $331,000. Institutional investors own 12.86% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on XOS shares. Zacks Research lowered XOS from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 23rd. Weiss Ratings upgraded XOS from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $7.00.

XOS Company Profile

Xos, Inc (NASDAQ: XOS) is a U.S.-based manufacturer of commercial electric vehicles, offering Class 5 through Class 8 electric trucks, chassis and proprietary battery systems. The company’s core business spans vehicle design, powertrain integration, battery management and telematics, aimed at supporting last-mile delivery, beverage distribution and vocational fleets. Xos combines modular vehicle architectures with advanced software to deliver route-optimized performance and zero-emission operation for commercial customers.

Founded in 2016 as a spin-off from a specialty vehicle division, Xos designs, engineers and assembles its electric trucks at a manufacturing facility in Morristown, Tennessee, while maintaining research and development operations in California.