XOS (NASDAQ:XOS) COO Giordano Sordoni Sells 49,370 Shares

Xos, Inc. (NASDAQ:XOS) COO Giordano Sordoni sold 49,370 shares of the firm’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $4.00, for a total value of $197,480.00. Following the completion of the transaction, the chief operating officer owned 1,553,458 shares of the company’s stock, valued at approximately $6,213,832. This represents a 3.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

XOS Price Performance

XOS stock opened at $3.49 on Tuesday. The firm has a market capitalization of $47.88 million, a PE ratio of -2.15 and a beta of 1.76. Xos, Inc. has a 52 week low of $1.60 and a 52 week high of $8.27. The firm’s 50-day simple moving average is $2.67 and its 200 day simple moving average is $2.38. The company has a quick ratio of 0.95, a current ratio of 2.00 and a debt-to-equity ratio of 0.35.

XOS (NASDAQ:XOS) last announced its quarterly earnings results 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 net margin of 51.68% and a negative return on equity of 80.31%. The business had revenue of $4.74 million during the quarter, compared to analysts’ expectations of $14.30 million. On average, equities research analysts predict that Xos, Inc. will post -2.08 EPS for the current fiscal year.

Hedge Funds Weigh In On XOS

Several large investors have recently added to or reduced their stakes in XOS. Two Sigma Investments LP purchased a new position in shares of XOS during the 3rd quarter worth about $331,000. Algert Global LLC purchased a new position in XOS during the second quarter worth approximately $138,000. DRW Securities LLC purchased a new position in XOS during the fourth quarter worth approximately $33,000. Geode Capital Management LLC boosted its holdings in shares of 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 purchasing an additional 16,357 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of XOS in the 3rd quarter valued at $27,000. 12.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

XOS has been the topic of a number of analyst reports. Wall Street Zen lowered XOS from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Zacks Research downgraded shares of XOS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Finally, Weiss Ratings upgraded shares of XOS from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, XOS presently has a consensus rating of “Reduce”.

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.