Xos, Inc. (NASDAQ:XOS – Get Free Report) Director George Mattson bought 4,062 shares of the stock in a transaction on Monday, September 21st. The shares were acquired at an average cost of $2.60 per share, for a total transaction of $10,561.20. Following the purchase, the director owned 196,408 shares in the company, valued at $510,660.80. The trade was a 2.11% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
XOS Price Performance
Shares of NASDAQ XOS traded up $0.03 during mid-day trading on Wednesday, reaching $2.55. The company’s stock had a trading volume of 128,421 shares, compared to its average volume of 1,967,279. The stock has a 50-day moving average of $2.70 and a two-hundred day moving average of $2.49. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.95 and a current ratio of 2.00. The stock has a market capitalization of $36.26 million, a P/E ratio of -1.57 and a beta of 1.87. Xos, Inc. has a 1-year low of $1.60 and a 1-year high of $8.27.
XOS (NASDAQ:XOS – Get Free Report) last announced 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 business 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%. On average, equities research analysts anticipate that Xos, Inc. will post -1.99 EPS for the current fiscal year.
Institutional Trading of XOS
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on XOS shares. Zacks Research lowered XOS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Wall Street Zen downgraded XOS from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Finally, Weiss Ratings lowered XOS from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, September 9th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.
Read Our Latest Stock Analysis on XOS
XOS Company Profile
Xos, Inc is a commercial electric vehicle manufacturer focused on helping fleets transition from internal-combustion vehicles to battery-electric transportation. The company develops and sells medium- and heavy-duty vehicles, including step vans, box trucks and other work vehicles designed for delivery, service and vocational applications.
In addition to vehicle manufacturing, Xos provides related electric powertrain technology, fleet management tools and charging solutions intended to support commercial fleet operators.
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