XOS (NASDAQ:XOS) Major Shareholder Sells $1,467,409.60 in Stock

Xos, Inc. (NASDAQ:XOS) major shareholder Emerald Green Trust sold 280,040 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $5.24, for a total value of $1,467,409.60. Following the completion of the transaction, the insider directly owned 1,161,229 shares in the company, valued at approximately $6,084,839.96. This represents a 19.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Wednesday, June 3rd, Emerald Green Trust sold 119,960 shares of XOS stock. The shares were sold at an average price of $6.06, for a total value of $726,957.60.

XOS Stock Performance

XOS stock opened at $4.74 on Monday. The stock has a 50-day simple moving average of $2.11 and a 200 day simple moving average of $2.16. The company has a quick ratio of 0.90, a current ratio of 1.89 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. The stock has a market capitalization of $57.45 million, a price-to-earnings ratio of -2.39 and a beta of 1.81.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Zacks Research cut XOS from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. Weiss Ratings upgraded XOS from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $7.00.

Institutional Trading of XOS

Institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC bought a new stake in shares of XOS during the 3rd quarter valued at $27,000. DRW Securities LLC bought a new position in XOS during the fourth quarter worth about $33,000. Geode Capital Management LLC boosted its holdings in XOS by 29.9% during the fourth quarter. Geode Capital Management LLC now owns 71,145 shares of the company’s stock worth $129,000 after buying an additional 16,357 shares during the last quarter. Finally, Two Sigma Investments LP acquired a new position in shares of XOS during the 3rd quarter worth about $331,000. Institutional investors and hedge funds 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.