Insider Selling: XOS (NASDAQ:XOS) Director Sells $34,900.00 in Stock

Xos, Inc. (NASDAQ:XOS) Director Dietmar Ostermann sold 10,000 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $3.49, for a total transaction of $34,900.00. Following the sale, the director directly owned 105,226 shares in the company, valued at approximately $367,238.74. This trade represents a 8.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Dietmar Ostermann also recently made the following trade(s):

• On Monday, June 8th, Dietmar Ostermann sold 3,351 shares of XOS stock. The stock was sold at an average price of $4.45, for a total value of $14,911.95.

XOS Stock Performance

Shares of XOS stock opened at $3.60 on Thursday. Xos, Inc. has a 1-year low of $1.60 and a 1-year high of $8.27. 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 company has a market capitalization of $51.19 million, a price-to-earnings ratio of -2.22 and a beta of 1.76. The stock’s fifty day simple moving average is $2.68 and its 200-day simple moving average is $2.40.

XOS (NASDAQ:XOS) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.53) by ($0.02). XOS had a negative return on equity of 80.31% and a negative net margin of 51.68%.The business had revenue of $4.74 million during the quarter, compared to analysts’ expectations of $14.30 million. On average, sell-side analysts predict that Xos, Inc. will post -1.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. 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 XOS from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 12th. Finally, Wall Street Zen cut 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Citadel Advisors LLC bought a new stake in XOS during the third quarter worth approximately $27,000. DRW Securities LLC acquired a new stake in shares of XOS in the fourth quarter worth $33,000. Geode Capital Management LLC boosted its holdings in shares of XOS by 29.9% during the 4th 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 during the period. Algert Global LLC bought a new stake in shares of XOS during the 2nd quarter worth $138,000. Finally, Two Sigma Investments LP bought a new position in XOS in the 3rd quarter worth $331,000. 12.86% of the stock is owned by institutional investors.

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.