Dietmar Ostermann Sells 10,000 Shares of XOS (NASDAQ:XOS) Stock

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

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

• On Friday, September 4th, Dietmar Ostermann sold 5,000 shares of XOS stock. The stock was sold at an average price of $3.00, for a total transaction of $15,000.00.
• 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 transaction of $34,900.00.
• 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

XOS stock opened at $3.05 on Friday. The stock’s 50 day moving average is $2.69 and its 200 day moving average is $2.44. 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, Inc. has a one year low of $1.60 and a one year high of $8.27. The firm has a market cap of $43.36 million, a P/E ratio of -1.88 and a beta of 1.87.

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 return on equity of 80.31% and a negative net margin of 51.68%.The firm had revenue of $4.74 million for the quarter, compared to the consensus estimate of $14.30 million. As a group, research analysts expect that Xos, Inc. will post -1.99 EPS for the current year.

Institutional Trading of XOS

Several hedge funds have recently added to or reduced their stakes in XOS. Citadel Advisors LLC purchased a new position in XOS in the third quarter valued at about $27,000. DRW Securities LLC purchased a new stake in XOS in the fourth quarter worth $33,000. Geode Capital Management LLC raised 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 valued at $129,000 after buying an additional 16,357 shares during the period. Algert Global LLC purchased a new position in shares of XOS during the 2nd quarter valued at $138,000. Finally, Two Sigma Investments LP bought a new position in shares of XOS during the 3rd quarter worth $331,000. Institutional investors own 12.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on XOS. Weiss Ratings raised XOS from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 12th. Wall Street Zen downgraded shares of XOS from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Finally, Zacks Research downgraded shares of XOS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, 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.