XOS (NASDAQ:XOS) Director Sells $21,040.00 in Stock

Xos, Inc. (NASDAQ:XOS) Director Stuart Bernstein sold 4,000 shares of the firm’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $5.26, for a total transaction of $21,040.00. Following the completion of the transaction, the director directly owned 84,058 shares in the company, valued at approximately $442,145.08. This represents a 4.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

XOS Stock Down 16.5%

Shares of XOS stock traded down $0.78 on Monday, hitting $3.96. The stock had a trading volume of 2,002,650 shares, compared to its average volume of 1,500,285. The firm has a market capitalization of $48.00 million, a price-to-earnings ratio of -2.00 and a beta of 1.81. The stock’s 50 day moving average is $2.11 and its 200-day moving average is $2.16. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.90 and a current ratio of 1.89. Xos, Inc. has a 52-week low of $1.60 and a 52-week high of $8.27.

XOS (NASDAQ:XOS) last announced its earnings results on Thursday, May 14th. The company reported ($0.43) earnings per share for the quarter, beating the consensus estimate of ($0.72) by $0.29. The business had revenue of $11.23 million during the quarter, compared to the consensus estimate of $6.23 million. XOS had a negative net margin of 39.13% and a negative return on equity of 86.90%. As a group, research analysts expect that Xos, Inc. will post -2.29 earnings per share for the current year.

Institutional Trading of XOS

Several institutional investors have recently added to or reduced their stakes in the stock. DRW Securities LLC bought a new stake in XOS during the fourth quarter valued at $33,000. Geode Capital Management LLC increased its stake in XOS by 29.9% during the fourth quarter. Geode Capital Management LLC now owns 71,145 shares of the company’s stock valued at $129,000 after purchasing an additional 16,357 shares during the last quarter. Citadel Advisors LLC bought a new stake in XOS during the third quarter valued at $27,000. Finally, Two Sigma Investments LP bought a new stake in XOS during the third quarter valued at $331,000. 12.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Zacks Research downgraded shares of XOS from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. Weiss Ratings upgraded shares of XOS from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $7.00.

XOS Company Profile

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.