Dietmar Ostermann Sells 4,738 Shares of XOS (NASDAQ:XOS) Stock

Xos, Inc. (NASDAQ:XOS) Director Dietmar Ostermann sold 4,738 shares of the firm’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $2.55, for a total value of $12,081.90. Following the sale, the director directly owned 85,226 shares of the company’s stock, valued at $217,326.30. The trade was a 5.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Wednesday, September 16th, Dietmar Ostermann sold 262 shares of XOS stock. The shares were sold at an average price of $2.54, for a total transaction of $665.48.
• On Friday, September 4th, Dietmar Ostermann sold 5,000 shares of XOS stock. The shares were sold at an average price of $3.00, for a total transaction of $15,000.00.
• 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 stock was sold at an average price of $3.49, for a total transaction of $34,900.00.

XOS Trading Down 0.4%

Shares of XOS traded down $0.01 during trading on Friday, reaching $2.59. 132,329 shares of the company traded hands, compared to its average volume of 1,998,046. The stock has a 50-day simple moving average of $2.69 and a 200-day simple moving average of $2.48. The stock has a market cap of $36.82 million, a PE ratio of -1.60 and a beta of 1.87. Xos, Inc. has a twelve month low of $1.60 and a twelve month high of $8.27. The company has a quick ratio of 0.95, a current ratio of 2.00 and a debt-to-equity ratio of 0.35.

XOS (NASDAQ:XOS) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.55) 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 company had revenue of $4.74 million during the quarter, compared to analyst estimates of $14.30 million. On average, analysts anticipate that Xos, Inc. will post -1.99 earnings per share for the current year.

Institutional Investors Weigh In On XOS

An institutional investor recently bought a new stake in XOS stock. Algert Global LLC purchased a new position in shares of Xos, Inc. (NASDAQ:XOS) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 45,663 shares of the company’s stock, valued at approximately $138,000. Algert Global LLC owned approximately 0.33% of XOS at the end of the most recent reporting period. Institutional investors own 12.86% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Weiss Ratings cut XOS from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, September 9th. Wall Street Zen lowered 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 report on Tuesday, August 11th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce”.

XOS Company Profile

Xos, Inc is a commercial electric vehicle manufacturer focused on helping fleets transition from internal-combustion vehicles to battery-electric transportation. The company develops and sells medium- and heavy-duty vehicles, including step vans, box trucks and other work vehicles designed for delivery, service and vocational applications.

In addition to vehicle manufacturing, Xos provides related electric powertrain technology, fleet management tools and charging solutions intended to support commercial fleet operators.