Insider Buying: XOS (NASDAQ:XOS) Director Acquires $10,561.20 in Stock

Xos, Inc. (NASDAQ:XOS) Director George Mattson purchased 4,062 shares of XOS stock in a transaction dated Monday, September 21st. The shares were purchased at an average price of $2.60 per share, with a total value of $10,561.20. Following the completion of the acquisition, the director owned 196,408 shares in the company, valued at $510,660.80. The trade was a 2.11% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

XOS Trading Up 4.8%

Shares of NASDAQ XOS opened at $2.62 on Friday. The stock has a market cap of $37.26 million, a price-to-earnings ratio of -1.62 and a beta of 1.87. The business has a 50 day simple moving average of $2.72 and a 200 day simple moving average of $2.49. Xos, Inc. has a 52 week low of $1.60 and a 52 week high of $8.27. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.95 and a current ratio of 2.00.

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

Institutional Investors Weigh In On XOS

A hedge fund recently bought a new stake in XOS stock. Algert Global LLC purchased a new stake in shares of Xos, Inc. (NASDAQ:XOS) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 45,663 shares of the company’s stock, valued at approximately $138,000. Algert Global LLC owned about 0.33% of XOS as of its most recent SEC filing. 12.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

XOS has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of XOS from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday. Wall Street Zen cut shares of XOS from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Finally, Zacks Research downgraded shares of XOS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

XOS Company Profile

Xos, Inc is a commercial electric vehicle manufacturer focused on helping fleets transition from internal-combustion vehicles to battery-electric transportation. The company develops and sells medium- and heavy-duty vehicles, including step vans, box trucks and other work vehicles designed for delivery, service and vocational applications.

In addition to vehicle manufacturing, Xos provides related electric powertrain technology, fleet management tools and charging solutions intended to support commercial fleet operators.