XOS (NASDAQ:XOS) COO Sells 49,370 Shares of Stock

Xos, Inc. (NASDAQ:XOS) COO Giordano Sordoni sold 49,370 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $4.00, for a total transaction of $197,480.00. Following the completion of the sale, the chief operating officer directly owned 1,553,458 shares of the company’s stock, valued at $6,213,832. This trade represents a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

XOS Stock Down 0.3%

XOS traded down $0.01 on Monday, reaching $3.49. 1,268,167 shares of the company traded hands, compared to its average volume of 2,166,003. The stock’s 50 day moving average price is $2.67 and its 200-day moving average price is $2.37. Xos, Inc. has a 52-week low of $1.60 and a 52-week high of $8.27. The company has a market cap of $49.63 million, a price-to-earnings ratio of -2.15 and a beta of 1.76. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.00 and a quick ratio of 0.95.

XOS (NASDAQ:XOS) last released its 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). The company had revenue of $4.74 million during the quarter, compared to analysts’ expectations of $14.30 million. XOS had a negative return on equity of 80.31% and a negative net margin of 51.68%. On average, sell-side analysts expect that Xos, Inc. will post -2.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Citadel Advisors LLC acquired a new stake in shares of XOS in the 3rd quarter valued at $27,000. DRW Securities LLC acquired a new position in XOS during the fourth quarter worth $33,000. Geode Capital Management LLC increased its position 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. Algert Global LLC bought a new position in XOS during the second quarter valued at about $138,000. Finally, Two Sigma Investments LP bought a new position in XOS during the third quarter valued at about $331,000. Institutional investors own 12.86% of the company’s stock.

Analysts Set New Price Targets

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

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.