XOS (NASDAQ:XOS) Major Shareholder Sells $14,558.25 in Stock

Xos, Inc. (NASDAQ:XOS) major shareholder Emerald Green Trust sold 6,195 shares of the company’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $2.35, for a total transaction of $14,558.25. Following the completion of the sale, the insider directly owned 1,593,902 shares in the company, valued at $3,745,669.70. This trade represents a 0.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Emerald Green Trust also recently made the following trade(s):

• On Thursday, September 11th, Emerald Green Trust sold 11,768 shares of XOS stock. The stock was sold at an average price of $2.39, for a total transaction of $28,125.52.
• On Tuesday, September 9th, Emerald Green Trust sold 6,825 shares of XOS stock. The stock was sold at an average price of $2.28, for a total transaction of $15,561.00.
• On Monday, September 8th, Emerald Green Trust sold 11,686 shares of XOS stock. The stock was sold at an average price of $2.29, for a total transaction of $26,760.94.
• On Friday, September 5th, Emerald Green Trust sold 5,479 shares of XOS stock. The stock was sold at an average price of $2.30, for a total transaction of $12,601.70.
• On Thursday, September 4th, Emerald Green Trust sold 13,110 shares of XOS stock. The stock was sold at an average price of $2.28, for a total transaction of $29,890.80.
• On Wednesday, September 3rd, Emerald Green Trust sold 19,333 shares of XOS stock. The stock was sold at an average price of $2.48, for a total transaction of $47,945.84.
• On Tuesday, September 2nd, Emerald Green Trust sold 24,593 shares of XOS stock. The stock was sold at an average price of $2.62, for a total transaction of $64,433.66.
• On Friday, August 29th, Emerald Green Trust sold 19,731 shares of XOS stock. The stock was sold at an average price of $2.89, for a total transaction of $57,022.59.
• On Thursday, August 28th, Emerald Green Trust sold 20,398 shares of XOS stock. The shares were sold at an average price of $3.00, for a total transaction of $61,194.00.
• On Wednesday, August 27th, Emerald Green Trust sold 28,384 shares of XOS stock. The shares were sold at an average price of $3.04, for a total transaction of $86,287.36.

XOS Stock Performance

XOS opened at $2.40 on Friday. The company has a quick ratio of 1.18, a current ratio of 2.22 and a debt-to-equity ratio of 0.85. The company has a market cap of $20.86 million, a price-to-earnings ratio of -0.41 and a beta of 1.61. Xos, Inc. has a 52-week low of $2.21 and a 52-week high of $9.15. The firm’s fifty day simple moving average is $3.07 and its two-hundred day simple moving average is $3.33.

XOS (NASDAQ:XOS) last posted its quarterly earnings data on Wednesday, August 13th. The company reported ($0.91) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.06) by $0.15. The business had revenue of $18.39 million for the quarter, compared to the consensus estimate of $13.09 million. XOS had a negative net margin of 91.56% and a negative return on equity of 147.93%. XOS has set its FY 2025 guidance at EPS. Equities analysts anticipate that Xos, Inc. will post -5.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wedbush increased their price objective on shares of XOS from $6.00 to $7.00 and gave the company an “outperform” rating in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $9.00.

About XOS

Xos, Inc is an electric mobility company engaged in manufacturing electric trucks. The firm designs and develops fully electric battery mobility systems specifically for commercial fleets. The company was founded by Dakota Semler and Giordano Sordoni on July 29, 2020 and is headquartered in Los Angeles, CA.