XOS (NASDAQ:XOS) Director Sells 10,000 Shares

Xos, Inc. (NASDAQ:XOS) Director Dietmar Ostermann sold 10,000 shares of XOS stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $3.49, for a total value of $34,900.00. Following the completion of the sale, the director owned 105,226 shares in the company, valued at approximately $367,238.74. The trade was a 8.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Monday, June 8th, Dietmar Ostermann sold 3,351 shares of XOS stock. The stock was sold at an average price of $4.45, for a total value of $14,911.95.

XOS Price Performance

Shares of XOS stock traded down $0.01 during mid-day trading on Monday, reaching $3.49. 1,268,167 shares of the stock traded hands, compared to its average volume of 2,166,003. The stock has a market capitalization of $49.63 million, a PE ratio of -2.15 and a beta of 1.76. The business has a 50-day moving average of $2.67 and a 200 day moving average of $2.37. Xos, Inc. has a fifty-two week low of $1.60 and a fifty-two week 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 results on Thursday, August 13th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $4.74 million during the quarter, compared to analyst estimates of $14.30 million. On average, analysts predict that Xos, Inc. will post -2.08 EPS for the current year.

Institutional Trading of XOS

Large investors have recently added to or reduced their stakes in the stock. Algert Global LLC purchased a new position in shares of XOS during the 2nd quarter worth $138,000. DRW Securities LLC acquired a new position in shares of XOS during the 4th quarter valued at about $33,000. Geode Capital Management LLC grew 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 valued at $129,000 after purchasing an additional 16,357 shares during the period. Citadel Advisors LLC purchased a new stake in shares of XOS in the third quarter valued at about $27,000. Finally, Two Sigma Investments LP acquired a new stake in XOS during the third quarter worth about $331,000. 12.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on XOS. Wall Street Zen cut shares of XOS from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Weiss Ratings upgraded shares of XOS from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 12th. Finally, Zacks Research lowered shares of XOS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

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.