Xos, Inc. (NASDAQ:XOS - Get Free Report) Director Dietmar Ostermann sold 10,000 shares of XOS stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $3.49, for a total transaction of $34,900.00. Following the sale, the director directly owned 105,226 shares in the company, valued at $367,238.74. The trade was a 8.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Dietmar Ostermann also recently made the following trade(s):
- On Monday, June 8th, Dietmar Ostermann sold 3,351 shares of XOS stock. The shares were sold at an average price of $4.45, for a total transaction of $14,911.95.
XOS Price Performance
XOS stock opened at $3.49 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.00 and a quick ratio of 0.95. Xos, Inc. has a 1 year low of $1.60 and a 1 year high of $8.27. The firm has a 50-day moving average of $2.67 and a 200 day moving average of $2.38. The company has a market cap of $47.88 million, a P/E ratio of -2.15 and a beta of 1.76.
XOS (NASDAQ:XOS - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported ($0.55) earnings per share for the quarter, missing analysts' consensus estimates of ($0.53) by ($0.02). XOS had a negative return on equity of 80.31% and a negative net margin of 51.68%.The firm had revenue of $4.74 million for the quarter, compared to analysts' expectations of $14.30 million. On average, sell-side analysts forecast that Xos, Inc. will post -2.08 EPS for the current year.
Analyst Ratings Changes
Several equities analysts have commented on the company. Zacks Research lowered XOS from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 11th. Weiss Ratings raised shares of XOS from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Wednesday, August 12th. Finally, Wall Street Zen cut shares of XOS from a "hold" rating to a "sell" rating in a research report on Saturday, August 15th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce".
Read Our Latest Research Report on XOS
Institutional Trading of XOS
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Two Sigma Investments LP bought a new stake in XOS in the third quarter worth $331,000. Algert Global LLC bought a new position in shares of XOS during the second quarter valued at $138,000. DRW Securities LLC bought a new position in shares of XOS during the fourth quarter valued at $33,000. Geode Capital Management LLC raised 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 worth $129,000 after purchasing an additional 16,357 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new position in XOS in the third quarter worth about $27,000. Hedge funds and other institutional investors own 12.86% of the company's stock.
XOS Company Profile
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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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