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

Xos, Inc. (NASDAQ:XOS) Director Dietmar Ostermann sold 10,000 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $3.49, for a total value of $34,900.00. Following the sale, the director owned 105,226 shares of the company’s stock, valued at $367,238.74. This trade represents a 8.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, June 8th, Dietmar Ostermann sold 3,351 shares of XOS stock. The shares were sold at an average price of $4.45, for a total value of $14,911.95.

XOS Stock Performance

Shares of XOS stock opened at $3.52 on Wednesday. The company has a market capitalization of $50.05 million, a PE ratio of -2.17 and a beta of 1.76. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.95 and a current ratio of 2.00. The company has a 50-day simple moving average of $2.67 and a two-hundred day simple moving average of $2.39. Xos, Inc. has a one year low of $1.60 and a one year high of $8.27.

XOS (NASDAQ:XOS) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.55) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.02). The firm had revenue of $4.74 million during 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%. Research analysts expect that Xos, Inc. will post -2.08 EPS for the current fiscal year.

Institutional Trading of XOS

A number of institutional investors have recently bought and sold shares of XOS. Two Sigma Investments LP purchased a new stake in XOS during the 3rd quarter worth approximately $331,000. Algert Global LLC acquired a new stake in shares of XOS during the second quarter worth $138,000. DRW Securities LLC purchased a new stake in shares of XOS during the fourth quarter valued at $33,000. Geode Capital Management LLC grew its holdings 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. Finally, Citadel Advisors LLC acquired a new position in shares of XOS in the 3rd quarter valued at $27,000. 12.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Zacks Research lowered shares of XOS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Wall Street Zen cut XOS from a “hold” rating to a “sell” rating in a research report 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 presently has a consensus rating of “Reduce”.

About XOS

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.