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 dated Monday, June 8th. The stock was sold at an average price of $4.45, for a total value of $14,911.95. Following the completion of the transaction, the director directly owned 79,593 shares in the company, valued at approximately $354,188.85. The trade was a 4.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

XOS Stock Up 2.2%

Shares of XOS stock traded up $0.08 during trading on Wednesday, hitting $3.66. 4,889,766 shares of the stock traded hands, compared to its average volume of 1,559,081. The stock has a market cap of $44.36 million, a P/E ratio of -1.85 and a beta of 1.81. The company has a fifty day moving average price of $2.23 and a two-hundred day moving average price of $2.19. Xos, Inc. has a twelve month low of $1.60 and a twelve month high of $8.27. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.90 and a current ratio of 1.89.

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

Hedge Funds Weigh In On XOS

Institutional investors have recently bought and sold shares of the stock. Citadel Advisors LLC bought a new position in XOS during the third quarter valued at about $27,000. DRW Securities LLC bought a new position in XOS during the fourth quarter valued at about $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 valued at $129,000 after buying an additional 16,357 shares in the last quarter. Finally, Two Sigma Investments LP bought a new position in XOS during the third quarter valued at about $331,000. 12.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on XOS. Weiss Ratings upgraded XOS from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, June 3rd. Zacks Research lowered XOS from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. One equities research 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price 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.