Stuart Bernstein Sells 30,000 Shares of XOS (NASDAQ:XOS) Stock

Xos, Inc. (NASDAQ:XOS) Director Stuart Bernstein sold 30,000 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $4.19, for a total value of $125,700.00. Following the completion of the sale, the director owned 112,642 shares of the company’s stock, valued at $471,969.98. The trade was a 21.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

XOS Stock Up 28.3%

NASDAQ:XOS traded up $0.82 during trading hours on Thursday, hitting $3.72. 14,887,718 shares of the company’s stock traded hands, compared to its average volume of 2,173,701. The firm has a market cap of $51.04 million, a P/E ratio of -2.30 and a beta of 1.76. Xos, Inc. has a twelve month low of $1.60 and a twelve month high of $8.27. 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 stock’s fifty day moving average price is $2.68 and its two-hundred day moving average price is $2.36.

XOS (NASDAQ:XOS) last announced 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 business had revenue of $4.74 million during the quarter, compared to analysts’ expectations of $14.30 million. On average, research analysts expect that Xos, Inc. will post -2.08 earnings per share for the current fiscal year.

Institutional Trading of XOS

Large investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC bought a new position in shares of XOS during the 3rd quarter valued at $27,000. Geode Capital Management LLC boosted its holdings in XOS by 29.9% in the fourth quarter. Geode Capital Management LLC now owns 71,145 shares of the company’s stock worth $129,000 after purchasing an additional 16,357 shares in the last quarter. DRW Securities LLC bought a new stake in XOS in the fourth quarter worth $33,000. Algert Global LLC acquired a new position in XOS during the second quarter worth $138,000. Finally, Two Sigma Investments LP acquired a new position in XOS during the third quarter worth $331,000. 12.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on XOS shares. Weiss Ratings upgraded shares of XOS from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 12th. Wall Street Zen downgraded shares of XOS from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Finally, Zacks Research lowered XOS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average 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.