Insider Selling: XOS (NASDAQ:XOS) Director Sells $30,200.00 in Stock

Xos, Inc. (NASDAQ:XOS) Director Dietmar Ostermann sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $3.02, for a total value of $30,200.00. Following the transaction, the director directly owned 95,226 shares in the company, valued at $287,582.52. This trade represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• 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 value of $15,000.00.
• 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 value of $34,900.00.
• On Monday, June 8th, Dietmar Ostermann sold 3,351 shares of XOS stock. The shares were sold at an average price of $4.45, for a total transaction of $14,911.95.

XOS Trading Up 2.7%

NASDAQ XOS traded up $0.08 during trading on Friday, hitting $3.05. The company had a trading volume of 233,110 shares, compared to its average volume of 2,094,160. The company has a current ratio of 2.00, a quick ratio of 0.95 and a debt-to-equity ratio of 0.35. Xos, Inc. has a one year low of $1.60 and a one year high of $8.27. The company has a market cap of $43.37 million, a price-to-earnings ratio of -1.88 and a beta of 1.87. The company’s fifty day moving average is $2.69 and its 200-day moving average is $2.44.

XOS (NASDAQ:XOS) last announced its earnings results on Thursday, August 13th. The company reported ($0.55) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.02). XOS had a negative net margin of 51.68% and a negative return on equity of 80.31%. The company had revenue of $4.74 million for the quarter, compared to the consensus estimate of $14.30 million. On average, sell-side analysts predict that Xos, Inc. will post -1.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on XOS. Weiss Ratings upgraded XOS from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 12th. Wall Street Zen downgraded XOS from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Finally, Zacks Research cut shares of XOS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Institutional Trading of XOS

Several hedge funds and other institutional investors have recently made changes to their positions in XOS. Algert Global LLC bought a new position in XOS during the 2nd quarter valued at approximately $138,000. DRW Securities LLC bought a new stake in XOS in the fourth quarter worth $33,000. Geode Capital Management LLC grew its stake 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 during the last quarter. Citadel Advisors LLC bought a new position in shares of XOS during the third quarter valued at $27,000. Finally, Two Sigma Investments LP bought a new position in shares of XOS during the third quarter valued at $331,000. Hedge funds and other institutional investors own 12.86% of the company’s stock.

XOS Company Profile

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.