Emerald Green Trust Sells 11,686 Shares of XOS (NASDAQ:XOS) Stock

Xos, Inc. (NASDAQ:XOS) major shareholder Emerald Green Trust sold 11,686 shares of the stock in a transaction on Monday, September 8th. The shares were sold at an average price of $2.29, for a total transaction of $26,760.94. Following the completion of the sale, the insider owned 1,606,922 shares of the company’s stock, valued at approximately $3,679,851.38. This represents a 0.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Emerald Green Trust also recently made the following trade(s):

• On Friday, September 5th, Emerald Green Trust sold 5,479 shares of XOS stock. The stock was sold at an average price of $2.30, for a total transaction of $12,601.70.
• On Thursday, September 4th, Emerald Green Trust sold 13,110 shares of XOS stock. The stock was sold at an average price of $2.28, for a total transaction of $29,890.80.
• On Wednesday, September 3rd, Emerald Green Trust sold 19,333 shares of XOS stock. The stock was sold at an average price of $2.48, for a total transaction of $47,945.84.
• On Tuesday, September 2nd, Emerald Green Trust sold 24,593 shares of XOS stock. The stock was sold at an average price of $2.62, for a total transaction of $64,433.66.
• On Friday, August 29th, Emerald Green Trust sold 19,731 shares of XOS stock. The stock was sold at an average price of $2.89, for a total transaction of $57,022.59.
• On Thursday, August 28th, Emerald Green Trust sold 20,398 shares of XOS stock. The stock was sold at an average price of $3.00, for a total transaction of $61,194.00.
• On Wednesday, August 27th, Emerald Green Trust sold 28,384 shares of XOS stock. The stock was sold at an average price of $3.04, for a total transaction of $86,287.36.
• On Tuesday, August 26th, Emerald Green Trust sold 41,894 shares of XOS stock. The stock was sold at an average price of $3.02, for a total transaction of $126,519.88.

XOS Stock Performance

NASDAQ XOS opened at $2.34 on Wednesday. The firm has a 50-day moving average of $3.12 and a 200-day moving average of $3.39. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.18 and a current ratio of 2.22. The stock has a market cap of $20.33 million, a PE ratio of -0.40 and a beta of 1.61. Xos, Inc. has a 52-week low of $2.21 and a 52-week high of $9.15.

XOS (NASDAQ:XOS) last posted its earnings results on Wednesday, August 13th. The company reported ($0.91) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.06) by $0.15. XOS had a negative net margin of 91.56% and a negative return on equity of 147.93%. The company had revenue of $18.39 million during the quarter, compared to analysts’ expectations of $13.09 million. XOS has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Xos, Inc. will post -5.37 EPS for the current year.

Analyst Ratings Changes

Separately, Wedbush lifted their price objective on shares of XOS from $6.00 to $7.00 and gave the stock an “outperform” rating in a research note on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $9.00.

About XOS

Xos, Inc is an electric mobility company engaged in manufacturing electric trucks. The firm designs and develops fully electric battery mobility systems specifically for commercial fleets. The company was founded by Dakota Semler and Giordano Sordoni on July 29, 2020 and is headquartered in Los Angeles, CA.