XOS (NASDAQ:XOS) Director Dietmar Ostermann Sells 5,000 Shares

Xos, Inc. (NASDAQ:XOS) Director Dietmar Ostermann sold 5,000 shares of the company’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $3.00, for a total transaction of $15,000.00. Following the sale, the director owned 90,226 shares of the company’s stock, valued at $270,678. This trade represents a 5.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, September 2nd, Dietmar Ostermann sold 10,000 shares of XOS stock. The shares were sold at an average price of $3.02, for a total value of $30,200.00.
• On Thursday, August 20th, Dietmar Ostermann sold 10,000 shares of XOS stock. The stock was sold at an average price of $3.49, for a total value of $34,900.00.
• On Monday, June 8th, Dietmar Ostermann sold 3,351 shares of XOS stock. The shares were sold at an average price of $4.45, for a total value of $14,911.95.

XOS Trading Up 2.7%

Shares of XOS stock opened at $3.05 on Friday. Xos, Inc. has a 1 year low of $1.60 and a 1 year high of $8.27. The company’s fifty day simple moving average is $2.69 and its 200-day simple moving average is $2.44. The company has a market cap of $43.37 million, a price-to-earnings ratio of -1.88 and a beta of 1.87. The company has a current ratio of 2.00, a quick ratio of 0.95 and a debt-to-equity ratio of 0.35.

XOS (NASDAQ:XOS) last posted 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 return on equity of 80.31% and a negative net margin of 51.68%.The company had revenue of $4.74 million during the quarter, compared to analyst estimates of $14.30 million. As a group, sell-side analysts expect that Xos, Inc. will post -1.99 EPS for the current year.

Institutional Investors Weigh In On XOS

Hedge funds have recently made changes to their positions in the company. Two Sigma Investments LP acquired a new position in XOS in the third quarter valued at about $331,000. 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. Algert Global LLC bought a new position in shares of XOS in the second quarter valued at approximately $138,000. DRW Securities LLC bought a new position in shares of XOS in the fourth quarter valued at approximately $33,000. Finally, Citadel Advisors LLC acquired a new position in shares of XOS in the 3rd quarter worth approximately $27,000. Institutional investors and hedge funds own 12.86% of the company’s stock.

Analysts Set New Price Targets

XOS has been the topic of several recent research reports. Wall Street Zen lowered XOS from a “hold” rating to a “sell” rating in a report 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 research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, XOS 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.