Dietmar Ostermann Sells 3,351 Shares of XOS (NASDAQ:XOS) Stock

Xos, Inc. (NASDAQ:XOS) Director Dietmar Ostermann sold 3,351 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $4.45, for a total value of $14,911.95. Following the transaction, the director owned 79,593 shares of the company’s stock, valued at $354,188.85. This represents a 4.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

XOS Stock Performance

NASDAQ XOS traded up $0.08 during trading hours on Wednesday, hitting $3.66. The company had a trading volume of 4,889,766 shares, compared to its average volume of 1,559,081. The company has a quick ratio of 0.90, a current ratio of 1.89 and a debt-to-equity ratio of 0.51. The firm has a market cap of $44.36 million, a P/E ratio of -1.85 and a beta of 1.81. Xos, Inc. has a fifty-two week low of $1.60 and a fifty-two week high of $8.27. The business has a fifty day simple moving average of $2.23 and a 200-day simple moving average of $2.19.

XOS (NASDAQ:XOS) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.43) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.72) by $0.29. XOS had a negative net margin of 39.13% and a negative return on equity of 86.90%. The company had revenue of $11.23 million during the quarter, compared to the consensus estimate of $6.23 million. Equities analysts predict that Xos, Inc. will post -2.29 EPS for the current year.

Institutional Trading of XOS

Several hedge funds and other institutional investors have recently modified their holdings of the business. DRW Securities LLC acquired a new stake in shares of XOS in the fourth quarter worth $33,000. Geode Capital Management LLC lifted its position in XOS by 29.9% in 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 in the last quarter. Citadel Advisors LLC acquired a new stake in shares of XOS during the 3rd quarter valued at $27,000. Finally, Two Sigma Investments LP acquired a new stake in shares of XOS during the 3rd quarter valued at $331,000. Institutional investors and hedge funds own 12.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Zacks Research cut XOS from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 23rd. Weiss Ratings raised shares of XOS from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, XOS has an average rating of “Hold” and a consensus price target of $7.00.

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.