Xos, Inc. (NASDAQ:XOS – Get Free Report) Director Dietmar Ostermann sold 10,000 shares of XOS 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 directly owned 95,226 shares of the company’s stock, valued at approximately $287,582.52. This trade represents a 9.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Dietmar Ostermann also recently made the following trade(s):
- On Friday, September 4th, Dietmar Ostermann sold 5,000 shares of XOS stock. The shares were sold at an average price of $3.00, for a total value 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 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
NASDAQ:XOS traded up $0.08 during mid-day trading on Friday, reaching $3.05. The stock had a trading volume of 233,110 shares, compared to its average volume of 2,094,160. The stock has a market capitalization of $43.37 million, a P/E ratio of -1.88 and a beta of 1.87. The firm has a 50 day moving average price of $2.69 and a two-hundred day moving average price of $2.44. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.95 and a current ratio of 2.00. Xos, Inc. has a one year low of $1.60 and a one year high of $8.27.
Institutional Investors Weigh In On XOS
Large investors have recently added to or reduced their stakes in the company. DRW Securities LLC purchased a new position in shares of XOS in the fourth quarter valued at about $33,000. Geode Capital Management LLC boosted its holdings in shares of 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 purchasing an additional 16,357 shares during the period. Two Sigma Investments LP bought a new stake in shares of XOS in the third quarter worth about $331,000. Citadel Advisors LLC bought a new stake in shares of XOS in the third quarter worth about $27,000. Finally, Algert Global LLC purchased a new position in XOS during the 2nd quarter valued at about $138,000. Institutional investors own 12.86% of the company’s stock.
Analyst Ratings Changes
XOS has been the subject of several analyst reports. Weiss Ratings upgraded shares of XOS from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 12th. Zacks Research downgraded XOS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Finally, Wall Street Zen lowered XOS from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.
View Our Latest Stock Report on XOS
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.
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