Insider Selling: XOS (NASDAQ:XOS) Director Sells $34,900.00 in Stock

Xos, Inc. (NASDAQ:XOSGet Free Report) Director Dietmar Ostermann sold 10,000 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $3.49, for a total transaction of $34,900.00. Following the sale, the director directly owned 105,226 shares of the company’s stock, valued at approximately $367,238.74. The trade was a 8.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

  • 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 transaction of $14,911.95.

XOS Stock Down 0.3%

Shares of XOS stock traded down $0.01 on Monday, reaching $3.49. The stock had a trading volume of 1,268,167 shares, compared to its average volume of 2,166,003. 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 stock has a market capitalization of $49.63 million, a P/E ratio of -2.15 and a beta of 1.76. The company has a 50 day moving average price of $2.67 and a 200 day moving average price of $2.37. Xos, Inc. has a 1 year low of $1.60 and a 1 year high of $8.27.

XOS (NASDAQ:XOSGet Free Report) last posted its earnings results on Thursday, August 13th. The company reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.02). The firm 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%. As a group, equities research analysts forecast that Xos, Inc. will post -2.08 EPS for the current year.

Institutional Investors Weigh In On XOS

Institutional investors and hedge funds have recently modified their holdings of the company. Citadel Advisors LLC acquired a new stake in XOS during the 3rd quarter valued at approximately $27,000. DRW Securities LLC purchased a new position in shares of XOS in the 4th quarter valued at about $33,000. Algert Global LLC acquired a new position in shares of XOS during the 2nd quarter worth approximately $138,000. Geode Capital Management LLC raised 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 acquiring an additional 16,357 shares during the period. Finally, Two Sigma Investments LP purchased a new position in XOS during the third quarter valued at $331,000. Institutional investors and hedge funds own 12.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms 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 lowered XOS from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Finally, Zacks Research cut 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 given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Get Our Latest Stock Report on XOS

About XOS

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for XOS (NASDAQ:XOS)

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