XOS (NASDAQ:XOS) Director Sells $21,040.00 in Stock

Xos, Inc. (NASDAQ:XOS) Director Stuart Bernstein sold 4,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $5.26, for a total value of $21,040.00. Following the completion of the sale, the director owned 84,058 shares of the company’s stock, valued at $442,145.08. This represents a 4.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

XOS Trading Up 2.2%

NASDAQ XOS opened at $3.66 on Thursday. The stock has a 50-day simple moving average of $2.23 and a 200 day simple moving average of $2.19. The company has a market capitalization of $44.36 million, a PE ratio of -1.85 and a beta of 1.81. The company has a current ratio of 1.89, a quick ratio of 0.90 and a debt-to-equity ratio of 0.51. Xos, Inc. has a 12 month low of $1.60 and a 12 month high of $8.27.

XOS (NASDAQ:XOS) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.43) EPS for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.29. The business had revenue of $11.23 million during the quarter, compared to the consensus estimate of $6.23 million. XOS had a negative return on equity of 86.90% and a negative net margin of 39.13%. Research analysts forecast that Xos, Inc. will post -2.29 EPS for the current year.

Institutional Investors Weigh In On XOS

Large investors have recently modified their holdings of the business. Citadel Advisors LLC bought a new stake in shares of XOS in the third quarter worth about $27,000. DRW Securities LLC bought a new stake in shares of XOS in the fourth quarter worth about $33,000. Geode Capital Management LLC increased its holdings in shares of 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 acquiring an additional 16,357 shares in the last quarter. Finally, Two Sigma Investments LP bought a new stake in shares of XOS in the third quarter worth about $331,000. 12.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

XOS has been the subject of several recent analyst reports. Zacks Research downgraded XOS from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. Weiss Ratings upgraded XOS from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $7.00.

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.