XOS (NASDAQ:XOS) Director George Mattson Acquires 4,062 Shares

Xos, Inc. (NASDAQ:XOS) Director George Mattson purchased 4,062 shares of the firm’s stock in a transaction dated Monday, September 21st. The stock was acquired at an average cost of $2.60 per share, for a total transaction of $10,561.20. Following the purchase, the director owned 196,408 shares in the company, valued at approximately $510,660.80. The trade was a 2.11% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

XOS Trading Up 1.2%

Shares of NASDAQ:XOS traded up $0.03 during midday trading on Wednesday, reaching $2.55. 128,421 shares of the company’s stock were exchanged, compared to its average volume of 1,967,279. The firm’s 50 day simple moving average is $2.70 and its two-hundred day simple moving average is $2.49. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.00 and a quick ratio of 0.95. The stock has a market cap of $36.26 million, a price-to-earnings ratio of -1.57 and a beta of 1.87. Xos, Inc. has a fifty-two week low of $1.60 and a fifty-two week 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). The company had revenue of $4.74 million during the quarter, compared to analyst estimates of $14.30 million. XOS had a negative net margin of 51.68% and a negative return on equity of 80.31%. As a group, sell-side analysts forecast that Xos, Inc. will post -1.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on XOS shares. Weiss Ratings cut shares of XOS from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, September 9th. Wall Street Zen lowered XOS from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Finally, Zacks Research lowered XOS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, XOS presently has an average rating of “Reduce”.

Institutional Inflows and Outflows

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

About XOS

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.