Xos, Inc. (NASDAQ:XOS - Get Free Report) Director Stuart Bernstein sold 30,000 shares of XOS stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $4.19, for a total value of $125,700.00. Following the sale, 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 is accessible through the SEC website.
XOS Stock Performance
NASDAQ:XOS opened at $3.72 on Friday. The stock has a market cap of $51.04 million, a P/E 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's 50-day moving average is $2.67 and its 200-day moving average is $2.36. Xos, Inc. has a 1-year low of $1.60 and a 1-year high of $8.27.
XOS (NASDAQ:XOS - Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $4.74 million during the quarter, compared to analyst estimates of $14.30 million. Equities research analysts anticipate that Xos, Inc. will post -2.08 earnings per share for the current year.
Institutional Trading of XOS
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Algert Global LLC acquired a new stake in XOS during the 2nd quarter valued at approximately $138,000. DRW Securities LLC acquired a new position in shares of XOS in the 4th quarter worth approximately $33,000. Geode Capital Management LLC boosted its stake 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 purchasing an additional 16,357 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of XOS in the 3rd quarter valued at $27,000. Finally, Two Sigma Investments LP acquired a new stake in shares of XOS during the third quarter worth $331,000. Institutional investors and hedge funds own 12.86% of the company's stock.
Analysts Set New Price Targets
Several analysts recently weighed in on XOS shares. Weiss Ratings raised shares of XOS from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Wednesday, August 12th. Zacks Research lowered XOS from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 11th. Finally, Wall Street Zen downgraded XOS from a "hold" rating to a "sell" rating in a report on Saturday, August 15th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Reduce".
Read Our Latest Stock Report on XOS
XOS Company Profile
(
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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