XOS (NASDAQ:XOS) Posts Earnings Results, Misses Estimates By $0.02 EPS

XOS (NASDAQ:XOS) issued its quarterly earnings data on Thursday. The company reported ($0.55) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.02), FiscalAI reports. The company had revenue of $4.74 million during the quarter, compared to the consensus estimate of $14.30 million. XOS had a negative net margin of 39.13% and a negative return on equity of 86.90%.

XOS Price Performance

NASDAQ:XOS traded down $0.05 during mid-day trading on Thursday, hitting $2.58. The company’s stock had a trading volume of 291,326 shares, compared to its average volume of 1,196,001. The company has a market capitalization of $35.40 million, a price-to-earnings ratio of -1.30 and a beta of 1.76. The company has a current ratio of 1.89, a quick ratio of 0.90 and a debt-to-equity ratio of 0.51. XOS 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 $2.82 and a 200-day moving average of $2.35.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Weiss Ratings downgraded shares of XOS from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, July 28th. Zacks Research lowered XOS from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, Wall Street Zen upgraded XOS to a “hold” rating in a report on Sunday, July 12th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $7.00.

Insider Activity

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 stock was sold at an average price of $5.24, for a total value of $1,467,409.60. Following the completion of the transaction, the insider directly owned 1,161,229 shares of the company’s stock, valued at approximately $6,084,839.96. This represents a 19.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders sold 412,272 shares of company stock valued at $2,240,161. Corporate insiders own 20.70% of the company’s stock.

Institutional Investors Weigh In On XOS

Several institutional investors and hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC acquired a new stake in shares of XOS during the 3rd quarter worth about $27,000. DRW Securities LLC bought a new stake in XOS during the fourth quarter worth about $33,000. Geode Capital Management LLC increased its holdings 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 worth $129,000 after buying an additional 16,357 shares in the last quarter. Finally, Two Sigma Investments LP bought a new position in shares of XOS in the third quarter valued at approximately $331,000. Institutional investors and hedge funds own 12.86% of the company’s stock.

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.