XOS (NASDAQ:XOS) Director Stuart Bernstein Sells 30,000 Shares

Xos, Inc. (NASDAQ:XOS) Director Stuart Bernstein sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $4.19, for a total value of $125,700.00. Following the completion of the transaction, the director directly owned 112,642 shares in the company, valued at $471,969.98. The trade was a 21.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

XOS Stock Performance

XOS stock traded up $0.82 during trading hours on Thursday, reaching $3.72. 14,887,718 shares of the company were exchanged, compared to its average volume of 2,173,701. The firm has a market cap of $51.04 million, a price-to-earnings ratio of -2.30 and a beta of 1.76. The company has a current ratio of 2.00, a quick ratio of 0.95 and a debt-to-equity ratio of 0.35. The stock has a 50-day moving average of $2.68 and a 200 day moving average of $2.36. Xos, Inc. has a 12 month low of $1.60 and a 12 month high of $8.27.

XOS (NASDAQ:XOS) last released its quarterly 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 firm had revenue of $4.74 million during the quarter, compared to the consensus estimate of $14.30 million. As a group, research analysts anticipate that Xos, Inc. will post -2.08 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Citadel Advisors LLC bought a new stake in shares of XOS in the third quarter valued at approximately $27,000. DRW Securities LLC bought a new position in XOS during the fourth quarter worth $33,000. Geode Capital Management LLC increased its position in XOS by 29.9% during the fourth quarter. Geode Capital Management LLC now owns 71,145 shares of the company’s stock worth $129,000 after acquiring an additional 16,357 shares during the period. Algert Global LLC acquired a new position in XOS during the 2nd quarter valued at $138,000. Finally, Two Sigma Investments LP acquired a new position in XOS during the 3rd quarter valued at $331,000. 12.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on XOS. Zacks Research downgraded shares of XOS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Wall Street Zen cut shares of XOS from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Finally, Weiss Ratings raised XOS from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce”.

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.