Xos, Inc. (NASDAQ:XOS – Get Free Report) Director Dietmar Ostermann sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $3.02, for a total transaction of $30,200.00. Following the completion of the transaction, the director directly owned 95,226 shares of the company’s stock, valued at approximately $287,582.52. This represents a 9.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Dietmar Ostermann also recently made the following trade(s):
- On Friday, September 4th, Dietmar Ostermann sold 5,000 shares of XOS stock. The stock was sold at an average price of $3.00, for a total transaction of $15,000.00.
- 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 transaction 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 Stock Performance
Shares of XOS stock opened at $3.05 on Monday. Xos, Inc. has a fifty-two week low of $1.60 and a fifty-two week high of $8.27. The business’s fifty day moving average is $2.69 and its two-hundred day moving average is $2.44. The company has a quick ratio of 0.95, a current ratio of 2.00 and a debt-to-equity ratio of 0.35. The firm has a market cap of $43.37 million, a PE ratio of -1.88 and a beta of 1.87.
Institutional Investors Weigh In On XOS
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Algert Global LLC purchased a new position in shares of XOS in the 2nd quarter worth about $138,000. DRW Securities LLC purchased a new stake in shares of XOS during the 4th quarter worth about $33,000. Geode Capital Management LLC increased its position in XOS by 29.9% during the 4th quarter. Geode Capital Management LLC now owns 71,145 shares of the company’s stock worth $129,000 after purchasing an additional 16,357 shares in the last quarter. Citadel Advisors LLC acquired a new stake in XOS during the 3rd quarter worth approximately $27,000. Finally, Two Sigma Investments LP purchased a new position in XOS in the third quarter valued at approximately $331,000. 12.86% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on XOS. Zacks Research lowered shares of XOS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Weiss Ratings raised shares of XOS from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 12th. Finally, Wall Street Zen downgraded shares of XOS from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce”.
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.
Further Reading
- Five stocks we like better than XOS
- AI Token Costs Are Changing the Hardware vs. Software Debate
- 3 ETFs That Could Move as Rate Expectations Shift
- 3 Stocks With September Catalysts Investors Shouldn’t Ignore
- Ollie’s Bargain Outlet Stock Falls on Weak Comps Despite Margin Gains
Receive News & Ratings for XOS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XOS and related companies with MarketBeat.com's FREE daily email newsletter.
