Key Points
- XOS Director Stuart Bernstein sold 4,000 shares on June 4 at an average price of $5.26, totaling about $21,040. After the sale, he still held 84,058 shares, reducing his ownership by 4.54%.
- The stock was trading lower, with XOS opening at $3.96 and down 16.5% in the session referenced. The company also has a relatively small market cap of about $48 million.
- XOS recently beat earnings expectations, reporting a smaller-than-expected loss of $0.43 per share and revenue of $11.23 million versus estimates of $6.23 million. Analysts currently have a consensus Hold rating and a $7.00 target price.
Xos, Inc. (NASDAQ:XOS - Get Free Report) Director Stuart Bernstein sold 4,000 shares of the firm's stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $5.26, for a total transaction of $21,040.00. Following the completion of the transaction, the director directly owned 84,058 shares in the company, valued at $442,145.08. This trade represents a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
XOS Trading Down 16.5%
XOS opened at $3.96 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.89 and a quick ratio of 0.90. The company's 50 day simple moving average is $2.15 and its two-hundred day simple moving average is $2.17. Xos, Inc. has a 1-year low of $1.60 and a 1-year high of $8.27. The firm has a market capitalization of $48.00 million, a price-to-earnings ratio of -2.00 and a beta of 1.81.
XOS (NASDAQ:XOS - Get Free Report) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.43) EPS for the quarter, beating the consensus estimate of ($0.72) by $0.29. The firm had revenue of $11.23 million for the quarter, compared to analyst estimates of $6.23 million. XOS had a negative net margin of 39.13% and a negative return on equity of 86.90%. Analysts expect that Xos, Inc. will post -2.29 EPS for the current fiscal year.
Analysts Set New Price Targets
XOS has been the topic of several analyst reports. Weiss Ratings raised shares of XOS from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Wednesday, June 3rd. Zacks Research lowered shares of XOS from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $7.00.
Check Out Our Latest Stock Report on XOS
Hedge Funds Weigh In On XOS
Several institutional investors have recently modified their holdings of XOS. Two Sigma Investments LP acquired a new position in shares of XOS in the third quarter worth $331,000. Citadel Advisors LLC acquired a new position in shares of XOS in the third quarter worth $27,000. Geode Capital Management LLC grew its stake in shares of XOS by 29.9% in 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 in the last quarter. Finally, DRW Securities LLC acquired a new position in shares of XOS in the fourth quarter worth $33,000. Institutional investors and hedge funds own 12.86% of the company's stock.
About XOS
(
Get Free Report)
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.
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