Insider Selling: XOS (NASDAQ:XOS) Director Sells $30,200.00 in Stock

Xos, Inc. (NASDAQ:XOSGet 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.

XOS (NASDAQ:XOSGet Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates 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. Analysts anticipate that Xos, Inc. will post -1.99 earnings per share for the current year.

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”.

View Our Latest Report on XOS

About XOS

(Get Free Report)

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

Insider Buying and Selling by Quarter for XOS (NASDAQ:XOS)

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