XOS’s (XOS) Sell (E+) Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their sell (e+) rating on shares of XOS (NASDAQ:XOS) in a research report sent to investors on Friday,Weiss Ratings reports.

Separately, Wedbush upped their price target on XOS from $6.00 to $7.00 and gave the stock an “outperform” rating in a report on Thursday, August 14th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $6.00.

XOS Stock Performance

NASDAQ XOS opened at $2.82 on Friday. The company has a current ratio of 2.22, a quick ratio of 1.18 and a debt-to-equity ratio of 0.85. The business’s 50 day moving average is $2.77 and its two-hundred day moving average is $3.16. XOS has a 12-month low of $2.21 and a 12-month high of $9.15. The stock has a market capitalization of $24.51 million, a price-to-earnings ratio of -0.48 and a beta of 1.60.

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

Insider Buying and Selling

In related news, major shareholder Emerald Green Trust sold 11,768 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $2.39, for a total value of $28,125.52. Following the sale, the insider owned 1,582,134 shares of the company’s stock, valued at approximately $3,781,300.26. This represents a 0.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stuart N. Bernstein sold 14,347 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $3.07, for a total value of $44,045.29. Following the completion of the sale, the director directly owned 98,158 shares in the company, valued at approximately $301,345.06. The trade was a 12.75% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 231,665 shares of company stock worth $633,880. Insiders own 20.90% of the company’s stock.

XOS Company Profile

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.