Xos, Inc. (NASDAQ:XOS – Get Free Report) Director Dietmar Ostermann sold 5,000 shares of the company’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $3.00, for a total transaction of $15,000.00. Following the completion of the sale, the director directly owned 90,226 shares of the company’s stock, valued at $270,678. This trade represents a 5.25% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Dietmar Ostermann also recently made the following trade(s):
- On Wednesday, September 2nd, Dietmar Ostermann sold 10,000 shares of XOS stock. The stock was sold at an average price of $3.02, for a total transaction of $30,200.00.
- On Thursday, August 20th, Dietmar Ostermann sold 10,000 shares of XOS stock. The stock was sold at an average price of $3.49, for a total transaction 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 transaction of $14,911.95.
XOS Price Performance
Shares of NASDAQ:XOS opened at $3.05 on Monday. The stock’s 50-day moving average price is $2.69 and its 200-day moving average price is $2.44. The company has a current ratio of 2.00, a quick ratio of 0.95 and a debt-to-equity ratio of 0.35. Xos, Inc. has a 12-month low of $1.60 and a 12-month high of $8.27. The stock has a market capitalization of $43.37 million, a P/E ratio of -1.88 and a beta of 1.87.
Institutional Investors Weigh In On XOS
A number of large investors have recently made changes to their positions in XOS. Algert Global LLC bought a new position in shares of XOS during the second quarter valued at approximately $138,000. DRW Securities LLC bought a new stake in XOS in the fourth quarter valued at $33,000. Geode Capital Management LLC boosted its holdings in XOS by 29.9% in the fourth quarter. Geode Capital Management LLC now owns 71,145 shares of the company’s stock valued at $129,000 after acquiring an additional 16,357 shares in the last quarter. Citadel Advisors LLC purchased a new position in XOS during the 3rd quarter valued at $27,000. Finally, Two Sigma Investments LP purchased a new position in XOS during the 3rd quarter valued at $331,000. 12.86% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts recently commented on XOS shares. Zacks Research lowered shares of XOS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Wall Street Zen cut shares of XOS from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Finally, Weiss Ratings upgraded shares of XOS from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce”.
View Our Latest Analysis 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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