XOS (NASDAQ:XOS) Director Sells 5,000 Shares

Xos, Inc. (NASDAQ:XOS) Director Dietmar Ostermann sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $3.00, for a total transaction of $15,000.00. Following the sale, the director owned 90,226 shares of the company’s stock, valued at $270,678. This represents a 5.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, September 2nd, Dietmar Ostermann sold 10,000 shares of XOS stock. The shares were sold at an average price of $3.02, for a total transaction of $30,200.00.
• 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 value of $14,911.95.

XOS Trading Up 2.7%

XOS stock traded up $0.08 during midday trading on Friday, hitting $3.05. 233,110 shares of the company’s stock were exchanged, compared to its average volume of 2,094,160. The business has a 50-day simple moving average of $2.69 and a two-hundred day simple moving average of $2.44. 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 stock 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.

XOS (NASDAQ:XOS) last posted its earnings results on Thursday, August 13th. The company reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.02). XOS had a negative net margin of 51.68% and a negative return on equity of 80.31%. The business had revenue of $4.74 million during the quarter, compared to analysts’ expectations of $14.30 million. On average, sell-side analysts predict that Xos, Inc. will post -1.99 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Two Sigma Investments LP purchased a new position in shares of XOS during the third quarter worth $331,000. Geode Capital Management LLC grew its stake in shares of 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. Algert Global LLC purchased a new stake in shares of XOS in the 2nd quarter valued at $138,000. DRW Securities LLC purchased a new stake in shares of XOS in the 4th quarter valued at $33,000. Finally, Citadel Advisors LLC purchased a new stake 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.

Analysts Set New Price Targets

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