XOS (NASDAQ:XOS) COO Giordano Sordoni Sells 49,370 Shares of Stock

Xos, Inc. (NASDAQ:XOS) COO Giordano Sordoni sold 49,370 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $4.00, for a total value of $197,480.00. Following the completion of the sale, the chief operating officer owned 1,553,458 shares of the company’s stock, valued at approximately $6,213,832. This trade represents a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

XOS Stock Performance

XOS stock traded down $0.01 during midday trading on Monday, hitting $3.49. 1,268,167 shares of the company traded hands, compared to its average volume of 2,166,003. Xos, Inc. has a twelve month low of $1.60 and a twelve month high of $8.27. The stock has a market capitalization of $49.63 million, a price-to-earnings ratio of -2.15 and a beta of 1.76. The company has a quick ratio of 0.95, a current ratio of 2.00 and a debt-to-equity ratio of 0.35. The business has a 50 day simple moving average of $2.67 and a 200-day simple moving average of $2.37.

XOS (NASDAQ:XOS) last posted 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 firm had revenue of $4.74 million for the quarter, compared to the consensus estimate of $14.30 million. As a group, equities research analysts predict that Xos, Inc. will post -2.08 earnings per share for the current year.

Hedge Funds Weigh In On XOS

Several large investors have recently bought and sold shares of XOS. Citadel Advisors LLC acquired a new stake in XOS in the 3rd quarter worth $27,000. DRW Securities LLC bought a new position in shares of XOS during the 4th quarter worth about $33,000. Geode Capital Management LLC raised its position in shares of 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 buying an additional 16,357 shares during the last quarter. Algert Global LLC bought a new stake in shares of XOS in the second quarter valued at about $138,000. Finally, Two Sigma Investments LP bought a new stake in shares of XOS in the third quarter valued at about $331,000. 12.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Zacks Research downgraded XOS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Wall Street Zen downgraded XOS from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Finally, Weiss Ratings raised XOS from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock 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.