Key Points
- Director George Mattson purchased 4,062 XOS shares at $2.60 each, increasing his holdings by 2.11% to 196,408 shares.
- XOS reported weak quarterly results, with an adjusted loss of $0.55 per share and revenue of $4.74 million, significantly below analysts’ $14.30 million estimate.
- Analyst sentiment has deteriorated, with recent downgrades leaving XOS with a consensus “Reduce” rating; the stock was trading near $2.55, while institutional ownership stood at 12.86%.
Xos, Inc. (NASDAQ:XOS - Get Free Report) Director George Mattson bought 4,062 shares of the company's stock in a transaction that occurred on Monday, September 21st. The shares were acquired at an average cost of $2.60 per share, with a total value of $10,561.20. Following the transaction, the director owned 196,408 shares in the company, valued at approximately $510,660.80. This represents a 2.11% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
XOS Trading Up 1.2%
NASDAQ XOS opened at $2.55 on Thursday. The firm has a market capitalization of $36.26 million, a price-to-earnings ratio of -1.57 and a beta of 1.87. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.95 and a current ratio of 2.00. Xos, Inc. has a one year low of $1.60 and a one year high of $8.27. The company's 50 day moving average price is $2.70 and its 200 day moving average price is $2.49.
XOS (NASDAQ:XOS - Get Free Report) last released its quarterly earnings data 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 return on equity of 80.31% and a negative net margin of 51.68%.The business had revenue of $4.74 million during the quarter, compared to analyst estimates of $14.30 million. On average, sell-side analysts predict that Xos, Inc. will post -1.99 EPS for the current year.
Analyst Ratings Changes
Several research analysts have commented on the company. Weiss Ratings lowered XOS from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Wednesday, September 9th. Wall Street Zen lowered XOS from a "hold" rating to a "sell" rating in a research note on Saturday, August 15th. Finally, Zacks Research downgraded XOS from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, XOS presently has a consensus rating of "Reduce".
View Our Latest Research Report on XOS
Hedge Funds Weigh In On XOS
A hedge fund recently bought a new stake in XOS stock. Algert Global LLC bought a new stake in shares of Xos, Inc. (NASDAQ:XOS - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 45,663 shares of the company's stock, valued at approximately $138,000. Algert Global LLC owned approximately 0.33% of XOS at the end of the most recent reporting period. 12.86% of the stock is owned by institutional investors and hedge funds.
About XOS
(
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.
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