Dietmar Ostermann Sells 5,000 Shares of XOS (NASDAQ:XOS) Stock

Xos, Inc. (NASDAQ:XOS) Director Dietmar Ostermann sold 5,000 shares of the 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 completion of the transaction, the director owned 90,226 shares in the company, valued at $270,678. This trade represents a 5.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, September 2nd, Dietmar Ostermann sold 10,000 shares of XOS stock. The stock was 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 transaction of $34,900.00.
• 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 transaction of $14,911.95.

XOS Stock Up 2.7%

Shares of XOS stock opened at $3.05 on Friday. The company has a current ratio of 2.00, a quick ratio of 0.95 and a debt-to-equity ratio of 0.35. Xos, Inc. has a 12 month low of $1.60 and a 12 month high of $8.27. The stock has a market cap of $43.36 million, a P/E ratio of -1.88 and a beta of 1.87. The company has a 50 day simple moving average of $2.69 and a two-hundred day simple moving average of $2.44.

XOS (NASDAQ:XOS) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.55) earnings per share 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 for the quarter, compared to analysts’ expectations of $14.30 million. On average, research analysts expect that Xos, Inc. will post -1.99 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on XOS shares. Weiss Ratings upgraded XOS from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 12th. Wall Street Zen downgraded XOS from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Finally, Zacks Research cut 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 issued a Sell rating to the stock. Based on data from MarketBeat, XOS currently has a consensus rating of “Reduce”.

Institutional Trading of XOS

Institutional investors and hedge funds have recently modified their holdings of the company. Citadel Advisors LLC purchased a new position in shares of XOS during the 3rd quarter valued at $27,000. DRW Securities LLC purchased a new stake in XOS in the 4th quarter worth $33,000. Algert Global LLC purchased a new stake in XOS in the 2nd quarter worth $138,000. Geode Capital Management LLC raised its holdings in 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 acquiring an additional 16,357 shares during the period. Finally, Two Sigma Investments LP bought a new stake in XOS during the third quarter valued at about $331,000. 12.86% of the stock is currently owned by institutional investors.

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.