XOS (NASDAQ:XOS) Director Dietmar Ostermann Sells 3,351 Shares

Xos, Inc. (NASDAQ:XOS) Director Dietmar Ostermann sold 3,351 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $4.45, for a total transaction of $14,911.95. Following the transaction, the director owned 79,593 shares in the company, valued at approximately $354,188.85. The trade was a 4.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

XOS Stock Performance

XOS opened at $3.66 on Thursday. The company has a current ratio of 1.89, a quick ratio of 0.90 and a debt-to-equity ratio of 0.51. The company’s fifty day moving average price is $2.23 and its two-hundred day moving average price is $2.19. Xos, Inc. has a 1-year low of $1.60 and a 1-year high of $8.27. The company has a market cap of $44.36 million, a price-to-earnings ratio of -1.85 and a beta of 1.81.

XOS (NASDAQ:XOS) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.43) EPS for the quarter, topping the consensus estimate of ($0.72) by $0.29. The firm had revenue of $11.23 million during the quarter, compared to the consensus estimate of $6.23 million. XOS had a negative return on equity of 86.90% and a negative net margin of 39.13%. On average, analysts expect that Xos, Inc. will post -2.29 EPS for the current fiscal year.

Institutional Trading of XOS

A number of institutional investors and hedge funds have recently modified their holdings of XOS. Two Sigma Investments LP purchased a new stake in shares of XOS during the third quarter valued at approximately $331,000. Citadel Advisors LLC purchased a new stake in shares of XOS during the third quarter valued at approximately $27,000. Geode Capital Management LLC increased its position 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 valued at $129,000 after acquiring an additional 16,357 shares during the last quarter. Finally, DRW Securities LLC purchased a new stake in shares of XOS during the fourth quarter valued at approximately $33,000. 12.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on XOS. Zacks Research downgraded shares of XOS from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. Weiss Ratings upgraded shares of XOS from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, June 3rd. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, XOS presently has a consensus rating of “Hold” and an average price target of $7.00.

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.