Stuart Bernstein Sells 30,000 Shares of XOS (NASDAQ:XOS) Stock

Xos, Inc. (NASDAQ:XOS) Director Stuart Bernstein sold 30,000 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $4.19, for a total value of $125,700.00. Following the completion of the sale, the director directly owned 112,642 shares of the company’s stock, valued at approximately $471,969.98. This trade represents a 21.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

XOS Trading Down 5.9%

NASDAQ:XOS opened at $3.50 on Friday. The company has a market capitalization of $48.02 million, a PE ratio of -2.16 and a beta of 1.76. Xos, Inc. has a 52-week low of $1.60 and a 52-week high of $8.27. The stock’s 50 day moving average price is $2.67 and its 200 day moving average price is $2.37. The company has a quick ratio of 0.95, a current ratio of 2.00 and a debt-to-equity ratio of 0.35.

XOS (NASDAQ:XOS) last announced its earnings results 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 company had revenue of $4.74 million during the quarter, compared to analysts’ expectations 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 anticipate that Xos, Inc. will post -2.08 EPS for the current year.

Institutional Trading of XOS

Large investors have recently bought and sold shares of the company. Citadel Advisors LLC purchased a new position in shares of XOS in the third quarter valued at $27,000. Geode Capital Management LLC grew its stake in XOS by 29.9% in the 4th quarter. Geode Capital Management LLC now owns 71,145 shares of the company’s stock valued at $129,000 after acquiring an additional 16,357 shares during the last quarter. DRW Securities LLC acquired a new stake in XOS in the 4th quarter valued at about $33,000. Algert Global LLC purchased a new position in XOS during the 2nd quarter valued at about $138,000. Finally, Two Sigma Investments LP acquired a new position in XOS during the third quarter worth about $331,000. Institutional investors and hedge funds own 12.86% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Weiss Ratings raised XOS from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 12th. Zacks Research downgraded shares of XOS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Finally, Wall Street Zen cut 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, XOS presently 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.