XOS (NASDAQ:XOS) Director Dietmar Ostermann Sells 10,000 Shares

Xos, Inc. (NASDAQ:XOS) Director Dietmar Ostermann sold 10,000 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $3.02, for a total value of $30,200.00. Following the completion of the sale, the director directly owned 95,226 shares of the company’s stock, valued at $287,582.52. This represents a 9.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Dietmar Ostermann also recently made the following trade(s):

• On Friday, September 4th, Dietmar Ostermann sold 5,000 shares of XOS stock. The stock was sold at an average price of $3.00, for a total value of $15,000.00.
• On Thursday, August 20th, Dietmar Ostermann sold 10,000 shares of XOS stock. The shares were sold at an average price of $3.49, for a total value of $34,900.00.
• On Monday, June 8th, Dietmar Ostermann sold 3,351 shares of XOS stock. The stock was sold at an average price of $4.45, for a total transaction of $14,911.95.

XOS Stock Performance

NASDAQ:XOS opened at $3.05 on Friday. The firm has a market capitalization of $43.37 million, a PE ratio of -1.88 and a beta of 1.87. Xos, Inc. has a 1 year low of $1.60 and a 1 year high of $8.27. The company has a current ratio of 2.00, a quick ratio of 0.95 and a debt-to-equity ratio of 0.35. The firm’s fifty day simple moving average is $2.69 and its 200 day simple moving average is $2.44.

XOS (NASDAQ:XOS) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.02). The firm had revenue of $4.74 million for 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%. On average, sell-side analysts anticipate that Xos, Inc. will post -1.99 EPS for the current year.

Institutional Trading of XOS

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC bought a new stake in shares of XOS in the 3rd quarter valued at approximately $27,000. DRW Securities LLC bought a new position in shares of XOS during the fourth quarter valued at $33,000. Algert Global LLC bought a new stake in shares of XOS in the 2nd quarter worth about $138,000. Geode Capital Management LLC boosted its position 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, Two Sigma Investments LP bought a new stake in XOS during the third quarter worth about $331,000. Institutional investors own 12.86% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on XOS shares. Zacks Research cut shares of XOS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Wall Street Zen cut shares of XOS from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Finally, Weiss Ratings upgraded XOS from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 12th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

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.