Xos, Inc. (NASDAQ:XOS – Get Free Report)’s stock price shot up 3.6% on Monday. The company traded as high as $3.07 and last traded at $2.91. Approximately 92,514 shares changed hands during trading, a decline of 50% from the average session volume of 185,372 shares. The stock had previously closed at $2.81.
Analyst Ratings Changes
XOS has been the subject of a number of analyst reports. Wall Street Zen lowered shares of XOS from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Weiss Ratings lowered shares of XOS from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, October 9th. Finally, Zacks Research lowered XOS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.
Read Our Latest Research Report on XOS
XOS Trading Down 0.2%
The firm has a market capitalization of $41.31 million, a PE ratio of -1.79 and a beta of 1.76. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.00 and a quick ratio of 0.95. The company has a fifty day moving average of $2.98 and a 200-day moving average of $2.63.
XOS (NASDAQ:XOS – Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.55) EPS for the quarter, missing the consensus estimate of ($0.53) by ($0.02). The firm had revenue of $4.74 million during the quarter, compared to the consensus estimate of $14.30 million. XOS had a negative net margin of 51.68% and a negative return on equity of 80.31%. On average, sell-side analysts anticipate that Xos, Inc. will post -1.99 earnings per share for the current fiscal year.
Insider Transactions at XOS
In other news, Director Dietmar Ostermann sold 10,000 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $3.02, for a total transaction of $30,200.00. Following the transaction, the director owned 95,226 shares in the company, valued at approximately $287,582.52. This trade represents a 9.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Giordano Sordoni sold 49,370 shares of the firm’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $4.00, for a total transaction of $197,480.00. Following the transaction, the chief operating officer owned 1,553,458 shares in the company, valued at $6,213,832. This represents a 3.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 109,370 shares of company stock worth $416,027 in the last 90 days. 20.70% of the stock is owned by insiders.
Institutional Investors Weigh In On XOS
An institutional investor recently bought a new stake in XOS stock. Algert Global LLC purchased a new stake in Xos, Inc. (NASDAQ:XOS – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 45,663 shares of the company’s stock, valued at approximately $138,000. Algert Global LLC owned about 0.33% of XOS as of its most recent filing with the Securities & Exchange Commission. 12.86% of the stock is owned by hedge funds and other institutional investors.
XOS Company Profile
Xos, Inc is an electric mobility company focused on commercial transportation. The company designs and manufactures battery-electric vehicles intended for medium-duty applications, including delivery, logistics, service and other fleet operations that typically involve frequent stop-and-go driving.
Xos’ product offerings have included electric step vans and medium-duty trucks, along with associated electric powertrain and vehicle technology. The company has also provided fleet-support solutions, such as charging infrastructure, energy management and service capabilities, to help commercial operators deploy and maintain electric vehicles.
Headquartered in Los Angeles, California, Xos was founded in 2016 by Dakota Semler and Giordano Sordoni.
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