XOS (NASDAQ:XOS) Director Sells $15,000.00 in Stock

Xos, Inc. (NASDAQ:XOS) Director Dietmar Ostermann sold 5,000 shares of the stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $3.00, for a total value of $15,000.00. Following the transaction, the director owned 90,226 shares in the company, valued at $270,678. This represents a 5.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Wednesday, September 2nd, Dietmar Ostermann sold 10,000 shares of XOS stock. The shares were sold at an average price of $3.02, for a total value of $30,200.00.
• On Thursday, August 20th, Dietmar Ostermann sold 10,000 shares of XOS stock. The shares were 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 value of $14,911.95.

XOS Price Performance

Shares of XOS stock traded up $0.08 during trading hours on Friday, hitting $3.05. 233,110 shares of the company’s stock were exchanged, compared to its average volume of 2,094,160. Xos, Inc. has a fifty-two week low of $1.60 and a fifty-two week high of $8.27. The firm has a market cap of $43.37 million, a P/E ratio of -1.88 and a beta of 1.87. The company has a quick ratio of 0.95, a current ratio of 2.00 and a debt-to-equity ratio of 0.35. The firm has a 50 day moving average of $2.69 and a two-hundred day moving average of $2.44.

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

Hedge Funds Weigh In On XOS

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Citadel Advisors LLC acquired a new stake in shares of XOS in the 3rd quarter worth $27,000. Geode Capital Management LLC raised its holdings in shares of XOS by 29.9% during the 4th 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 period. DRW Securities LLC acquired a new position in shares of XOS during the 4th quarter valued at about $33,000. Algert Global LLC acquired a new position in shares of XOS during the 2nd quarter valued at about $138,000. Finally, Two Sigma Investments LP purchased a new stake in shares of XOS in the third quarter valued at about $331,000. Institutional investors and hedge funds own 12.86% of the company’s stock.

Wall Street Analysts Forecast Growth

XOS has been the subject of a number of research reports. Weiss Ratings raised shares of XOS from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 12th. Wall Street Zen lowered shares of XOS from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Finally, Zacks Research cut shares of XOS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus 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.