Key Points
- Director Dietmar Ostermann sold 5,000 XOS shares at an average price of $3.00, generating $15,000 and reducing his holdings by 5.25% to 90,226 shares. He has also sold 23,351 additional shares in several transactions since June.
- XOS reported weak quarterly results, with a loss of $0.55 per share versus the expected $0.53 loss and revenue of $4.74 million versus the $14.30 million estimate. Analysts project a full-year loss of $1.99 per share.
- The stock opened at $3.05, with a market capitalization of approximately $43.37 million, while analyst sentiment averaged a “Reduce” rating; institutional investors own 12.86% of the company.
Xos, Inc. (NASDAQ:XOS - Get Free Report) Director Dietmar Ostermann sold 5,000 shares of the company's stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $3.00, for a total transaction of $15,000.00. Following the transaction, the director owned 90,226 shares in the company, valued at approximately $270,678. This trade represents a 5.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Dietmar Ostermann also recently made the following trade(s):
- On Wednesday, September 2nd, Dietmar Ostermann sold 10,000 shares of XOS stock. The stock was sold at an average price of $3.02, for a total transaction of $30,200.00.
- On Thursday, August 20th, Dietmar Ostermann sold 10,000 shares of XOS stock. The stock was sold at an average price of $3.49, for a total transaction of $34,900.00.
- 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 Stock Performance
XOS stock opened at $3.05 on Friday. The company has a 50 day moving average price of $2.69 and a 200 day moving average price of $2.44. Xos, Inc. has a fifty-two week low of $1.60 and a fifty-two week high of $8.27. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.00 and a quick ratio of 0.95. The stock has a market capitalization of $43.37 million, a PE ratio of -1.88 and a beta of 1.87.
XOS (NASDAQ:XOS - Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.55) EPS for the quarter, missing analysts' consensus estimates of ($0.53) by ($0.02). The firm had revenue of $4.74 million during the quarter, compared to the consensus estimate of $14.30 million. XOS had a negative net margin of 51.68% and a negative return on equity of 80.31%. Analysts forecast that Xos, Inc. will post -1.99 EPS for the current year.
Analysts Set New Price Targets
A number of research analysts have issued reports on the stock. Zacks Research downgraded shares of XOS from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 11th. Wall Street Zen lowered 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 note on Wednesday, August 12th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Reduce".
Check Out Our Latest Report on XOS
Institutional Trading of XOS
Several hedge funds have recently added to or reduced their stakes in the business. Two Sigma Investments LP bought a new stake in shares of XOS in the third quarter worth about $331,000. Algert Global LLC acquired a new position in shares of XOS in the 2nd quarter valued at approximately $138,000. DRW Securities LLC bought a new stake in XOS during the 4th quarter worth approximately $33,000. Geode Capital Management LLC lifted its stake in XOS by 29.9% in the fourth quarter. Geode Capital Management LLC now owns 71,145 shares of the company's stock valued at $129,000 after buying an additional 16,357 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in XOS in the third quarter valued at approximately $27,000. Institutional investors and hedge funds own 12.86% of the company's stock.
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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