Insider Selling: XOS (NASDAQ:XOS) Director Sells $125,700.00 in Stock

Xos, Inc. (NASDAQ:XOS) Director Stuart Bernstein sold 30,000 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $4.19, for a total value of $125,700.00. Following the completion of the sale, the director owned 112,642 shares in the company, valued at approximately $471,969.98. The trade was a 21.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

XOS Trading Down 5.9%

NASDAQ:XOS opened at $3.50 on Friday. Xos, Inc. has a 12-month low of $1.60 and a 12-month high of $8.27. The firm has a market cap of $48.02 million, a PE ratio of -2.16 and a beta of 1.76. The company has a current ratio of 2.00, a quick ratio of 0.95 and a debt-to-equity ratio of 0.35. The stock has a fifty day moving average price of $2.67 and a 200 day moving average price of $2.37.

XOS (NASDAQ:XOS) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.55) earnings per share for the quarter, missing the consensus estimate of ($0.53) by ($0.02). The company had revenue of $4.74 million for the quarter, compared to analysts’ expectations of $14.30 million. XOS had a negative return on equity of 80.31% and a negative net margin of 51.68%. Sell-side analysts anticipate that Xos, Inc. will post -2.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on XOS shares. Zacks Research cut shares of XOS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Weiss Ratings upgraded shares of XOS from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 12th. Finally, Wall Street Zen downgraded shares of XOS from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce”.

Institutional Investors Weigh In On XOS

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Two Sigma Investments LP purchased a new stake in XOS during the third quarter worth approximately $331,000. Algert Global LLC purchased a new position in XOS in the second quarter valued at approximately $138,000. DRW Securities LLC purchased a new position in XOS in the fourth quarter valued at approximately $33,000. Geode Capital Management LLC raised its holdings in 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 in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in XOS during the third quarter worth approximately $27,000. Institutional investors and hedge funds own 12.86% of the company’s stock.

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.