XOS (NASDAQ:XOS) Upgraded by Wall Street Zen to “Hold” Rating

XOS (NASDAQ:XOS) was upgraded by equities researchers at Wall Street Zen to a “hold” rating in a research report issued to clients and investors on Sunday.

Separately, Weiss Ratings raised shares of XOS from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $7.00.

XOS Stock Performance

NASDAQ XOS traded down $0.13 on Friday, hitting $2.47. 92,714 shares of the company’s stock were exchanged, compared to its average volume of 283,936. The firm has a market cap of $33.89 million, a price-to-earnings ratio of -1.25 and a beta of 1.74. The firm’s 50-day moving average price is $2.80 and its two-hundred day moving average price is $2.31. XOS has a fifty-two week low of $1.60 and a fifty-two week high of $8.27. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.89 and a quick ratio of 0.90.

XOS (NASDAQ:XOS) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.43) EPS for the quarter, beating the consensus estimate 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 business had revenue of $11.23 million during the quarter, compared to analysts’ expectations of $6.22 million. On average, research analysts expect that XOS will post -2.29 EPS for the current year.

Insider Activity at XOS

In other news, major shareholder Emerald Green Trust sold 280,040 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $5.24, for a total value of $1,467,409.60. Following the sale, the insider directly owned 1,161,229 shares in the company, valued at $6,084,839.96. This represents a 19.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 412,272 shares of company stock valued at $2,240,161 in the last quarter. 20.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On XOS

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC acquired a new position in shares of XOS in the third quarter worth $27,000. DRW Securities LLC purchased a new stake in shares of XOS in the fourth quarter valued at $33,000. Geode Capital Management LLC boosted its stake 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, Two Sigma Investments LP acquired a new stake in shares of XOS during the third quarter valued at $331,000. Hedge funds and other institutional investors 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.