Xos, Inc. (NASDAQ:XOS – Get Free Report) Director Stuart Bernstein sold 4,000 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $5.26, for a total transaction of $21,040.00. Following the sale, the director owned 84,058 shares of the company’s stock, valued at approximately $442,145.08. The trade was a 4.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
XOS Stock Performance
Shares of XOS traded down $0.78 during midday trading on Monday, hitting $3.96. 2,002,650 shares of the stock traded hands, compared to its average volume of 1,500,285. Xos, Inc. has a 1-year low of $1.60 and a 1-year high of $8.27. The firm has a market capitalization of $48.00 million, a PE ratio of -2.00 and a beta of 1.81. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.90 and a current ratio of 1.89. The business’s 50 day moving average price is $2.11 and its two-hundred day moving average price is $2.16.
XOS (NASDAQ:XOS – Get Free Report) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.43) earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $11.23 million during the quarter, compared to the consensus estimate of $6.23 million. Equities research analysts predict that Xos, Inc. will post -2.29 EPS for the current fiscal year.
Hedge Funds Weigh In On XOS
Analysts Set New Price Targets
A number of research firms recently issued reports on XOS. Weiss Ratings raised XOS from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday. Zacks Research lowered XOS from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, XOS currently has a consensus rating of “Hold” and a consensus target price of $7.00.
Check Out Our Latest Research Report on XOS
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.
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