Key Points
- Director Dietmar Ostermann sold 4,738 XOS shares at an average price of $2.55, generating $12,081.90 and reducing his ownership by 5.27% to 85,226 shares. He has also reported several other sales since August.
- XOS reported weak quarterly results, with a loss of $0.55 per share versus the $0.53 consensus estimate and revenue of $4.74 million versus the $14.30 million estimate. Analysts expect a full-year loss of $1.99 per share.
- The stock opened at $2.59, with a market capitalization of $36.83 million, while analyst sentiment was negative: ratings changes left XOS with an average “Reduce” rating, including one Hold and one Sell.
Xos, Inc. (NASDAQ:XOS - Get Free Report) Director Dietmar Ostermann sold 4,738 shares of the stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $2.55, for a total value of $12,081.90. Following the sale, the director owned 85,226 shares of the company's stock, valued at approximately $217,326.30. The trade was a 5.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Dietmar Ostermann also recently made the following trade(s):
- On Wednesday, September 16th, Dietmar Ostermann sold 262 shares of XOS stock. The stock was sold at an average price of $2.54, for a total value of $665.48.
- On Friday, September 4th, Dietmar Ostermann sold 5,000 shares of XOS stock. The shares were sold at an average price of $3.00, for a total value of $15,000.00.
- On Wednesday, September 2nd, Dietmar Ostermann sold 10,000 shares of XOS stock. The shares were sold at an average price of $3.02, for a total value 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 value of $34,900.00.
XOS Trading Down 0.4%
NASDAQ XOS opened at $2.59 on Friday. The stock has a market capitalization of $36.83 million, a P/E ratio of -1.60 and a beta of 1.87. The business has a 50 day simple moving average of $2.69 and a 200 day simple moving average of $2.48. 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 one year low of $1.60 and a one year high of $8.27.
XOS (NASDAQ:XOS - Get Free Report) last issued 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). The business had revenue of $4.74 million during the quarter, compared to analyst estimates of $14.30 million. XOS had a negative net margin of 51.68% and a negative return on equity of 80.31%. Research analysts expect that Xos, Inc. will post -1.99 earnings per share for the current year.
Institutional Investors Weigh In On XOS
A hedge fund recently bought a new stake in XOS stock. Algert Global LLC bought a new position in shares of Xos, Inc. (NASDAQ:XOS - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 45,663 shares of the company's stock, valued at approximately $138,000. Algert Global LLC owned 0.33% of XOS as of its most recent SEC filing. Institutional investors and hedge funds own 12.86% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on XOS. Wall Street Zen downgraded shares of XOS from a "hold" rating to a "sell" rating in a research report on Saturday, August 15th. Zacks Research downgraded shares of XOS from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 11th. Finally, Weiss Ratings lowered shares of XOS from a "sell (d-)" rating to a "sell (e+)" rating in a report on Wednesday, September 9th. 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.com, the stock currently has an average rating of "Reduce".
View Our Latest Stock Analysis on XOS
XOS Company Profile
(
Get Free Report)
Xos, Inc is a commercial electric vehicle manufacturer focused on helping fleets transition from internal-combustion vehicles to battery-electric transportation. The company develops and sells medium- and heavy-duty vehicles, including step vans, box trucks and other work vehicles designed for delivery, service and vocational applications.
In addition to vehicle manufacturing, Xos provides related electric powertrain technology, fleet management tools and charging solutions intended to support commercial fleet operators.
Further Reading
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