Stuart Bernstein Sells 4,000 Shares of XOS (NASDAQ:XOS) Stock

Xos, Inc. (NASDAQ:XOS) Director Stuart Bernstein sold 4,000 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $5.26, for a total value of $21,040.00. Following the transaction, the director owned 84,058 shares of the company’s stock, valued at $442,145.08. The trade was a 4.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

XOS Stock Down 9.6%

XOS stock opened at $3.58 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.90 and a current ratio of 1.89. The company has a market capitalization of $43.39 million, a price-to-earnings ratio of -1.81 and a beta of 1.81. Xos, Inc. has a fifty-two week low of $1.60 and a fifty-two week high of $8.27. The stock has a fifty day moving average of $2.19 and a 200-day moving average of $2.18.

XOS (NASDAQ:XOS) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.43) earnings per share for the quarter, topping the consensus estimate of ($0.72) by $0.29. The company 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%. As a group, equities research analysts predict that Xos, Inc. will post -2.29 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC bought a new position in XOS in the 3rd quarter worth about $27,000. DRW Securities LLC bought a new position in XOS in the 4th quarter worth about $33,000. Geode Capital Management LLC raised its holdings in shares of XOS by 29.9% in the 4th 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. Finally, Two Sigma Investments LP purchased a new stake in shares of XOS in the 3rd quarter valued at about $331,000. Institutional investors own 12.86% of the company’s stock.

Wall Street Analyst Weigh In

XOS has been the subject of several analyst reports. Zacks Research downgraded XOS from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. Weiss Ratings upgraded XOS from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $7.00.

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.