Emerald Green Trust Sells 119,960 Shares of XOS (NASDAQ:XOS) Stock

Xos, Inc. (NASDAQ:XOS) major shareholder Emerald Green Trust sold 119,960 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $6.06, for a total value of $726,957.60. Following the transaction, the insider owned 1,441,269 shares in the company, valued at approximately $8,734,090.14. This represents a 7.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Emerald Green Trust also recently made the following trade(s):

• On Thursday, June 4th, Emerald Green Trust sold 280,040 shares of XOS stock. The stock was sold at an average price of $5.24, for a total value of $1,467,409.60.

XOS Trading Down 10.2%

Shares of XOS stock opened at $4.74 on Friday. The stock has a market cap of $57.45 million, a P/E ratio of -2.39 and a beta of 1.81. The stock’s 50 day simple moving average is $2.11 and its 200-day simple moving average is $2.16. Xos, Inc. has a 1-year low of $1.60 and a 1-year high of $8.27. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.89 and a quick ratio of 0.90.

XOS (NASDAQ:XOS) last issued its earnings results on Thursday, May 14th. The company reported ($0.43) earnings per share for the quarter, topping the consensus estimate of ($0.72) by $0.29. The business had revenue of $11.23 million for the quarter, compared to analysts’ expectations of $6.23 million. XOS had a negative return on equity of 86.90% and a negative net margin of 39.13%. Analysts predict that Xos, Inc. will post -2.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on XOS shares. Weiss Ratings upgraded XOS from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday. Zacks Research cut XOS from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $7.00.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Two Sigma Investments LP acquired a new position in XOS in the third quarter valued at approximately $331,000. Geode Capital Management LLC raised its position in 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 purchasing an additional 16,357 shares during the period. DRW Securities LLC purchased a new stake in XOS in the fourth quarter valued at approximately $33,000. Finally, Citadel Advisors LLC purchased a new stake in XOS in the third quarter valued at approximately $27,000. 12.86% of the stock is currently owned by institutional investors and hedge funds.

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.