XOS (NASDAQ:XOS) Rating Increased to Hold at Wall Street Zen

XOS (NASDAQ:XOS) was upgraded by equities research analysts at Wall Street Zen to a “hold” rating in a research note issued on Sunday.

Separately, Weiss Ratings upgraded shares of XOS from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday. One equities 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $7.00.

XOS Stock Performance

XOS traded down $0.13 during trading on Friday, hitting $2.47. 92,714 shares of the stock were exchanged, compared to its average volume of 283,936. The firm has a market capitalization of $33.89 million, a P/E ratio of -1.25 and a beta of 1.74. XOS has a 1-year low of $1.60 and a 1-year high of $8.27. The stock has a fifty day moving average price of $2.80 and a two-hundred day moving average price of $2.31. The company has a quick ratio of 0.90, a current ratio of 1.89 and a debt-to-equity ratio of 0.51.

XOS (NASDAQ:XOS) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.43) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.29. The company had revenue of $11.23 million during the quarter, compared to analysts’ expectations of $6.22 million. XOS had a negative return on equity of 86.90% and a negative net margin of 39.13%. As a group, sell-side analysts predict that XOS will post -2.29 earnings per share for the current year.

Insider Buying and Selling

In other XOS news, major shareholder Emerald Green Trust sold 280,040 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $5.24, for a total transaction of $1,467,409.60. Following the completion of the sale, the insider directly owned 1,161,229 shares of the company’s stock, valued at $6,084,839.96. This represents a 19.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders sold 412,272 shares of company stock worth $2,240,161. 20.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Two Sigma Investments LP acquired a new stake in shares of XOS during the third quarter worth $331,000. Citadel Advisors LLC acquired a new position in XOS in the 3rd quarter valued at $27,000. Geode Capital Management LLC increased its stake in 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 buying an additional 16,357 shares during the period. Finally, DRW Securities LLC purchased a new position in XOS during the 4th quarter worth $33,000. 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.