Key Points
- Emerald Green Trust sold 12,983 shares of XOS on Dec. 5 at an average price of $2.52, a $32,717 transaction that reduced its stake by 0.82% to 1,561,229 shares and was disclosed in an SEC filing.
- XOS is a small-cap, unprofitable electric-truck maker (market cap ~$26M) with negative margins and an analyst-projected FY EPS of -5.37, although it posted a quarterly EPS beat (0.22 vs. -0.73).
- Sentiment is mixed: institutional ownership is about 12.86% (Citadel bought ~10,025 shares), analysts average a "Hold" with a $7 target while ratings range from Weiss's "sell (e+)" to Wedbush's "outperform."
Xos, Inc. (NASDAQ:XOS - Get Free Report) major shareholder Emerald Green Trust sold 12,983 shares of XOS stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $2.52, for a total transaction of $32,717.16. Following the completion of the sale, the insider owned 1,561,229 shares of the company's stock, valued at $3,934,297.08. This trade represents a 0.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Emerald Green Trust also recently made the following trade(s):
- On Friday, September 12th, Emerald Green Trust sold 7,922 shares of XOS stock. The shares were sold at an average price of $2.39, for a total value of $18,933.58.
- On Thursday, September 11th, Emerald Green Trust sold 11,768 shares of XOS stock. The stock was sold at an average price of $2.39, for a total value of $28,125.52.
- On Wednesday, September 10th, Emerald Green Trust sold 6,195 shares of XOS stock. The shares were sold at an average price of $2.35, for a total value of $14,558.25.
XOS Price Performance
XOS stock opened at $2.30 on Wednesday. The company has a current ratio of 2.41, a quick ratio of 1.44 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $26.06 million, a PE ratio of -0.53 and a beta of 1.61. Xos, Inc. has a 12-month low of $2.12 and a 12-month high of $9.15. The business's fifty day moving average price is $2.56 and its 200 day moving average price is $2.88.
XOS (NASDAQ:XOS - Get Free Report) last announced its earnings results on Thursday, November 13th. The company reported $0.22 EPS for the quarter, beating analysts' consensus estimates of ($0.73) by $0.95. The company had revenue of $16.50 million during the quarter, compared to analysts' expectations of $17.33 million. XOS had a negative return on equity of 128.19% and a negative net margin of 66.13%. On average, sell-side analysts anticipate that Xos, Inc. will post -5.37 EPS for the current year.
Institutional Trading of XOS
An institutional investor recently bought a new position in XOS stock. Citadel Advisors LLC bought a new stake in Xos, Inc. (NASDAQ:XOS - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,025 shares of the company's stock, valued at approximately $27,000. Citadel Advisors LLC owned approximately 0.12% of XOS as of its most recent SEC filing. 12.86% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
XOS has been the subject of a number of research reports. Weiss Ratings restated a "sell (e+)" rating on shares of XOS in a report on Wednesday, October 8th. Wedbush raised their price target on shares of XOS from $6.00 to $7.00 and gave the company an "outperform" rating in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $7.00.
Check Out Our Latest Report on XOS
About XOS
(
Get Free Report)
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.
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