XOS (NASDAQ:XOS) Posts Quarterly Earnings Results, Misses Expectations By $0.26 EPS

XOS (NASDAQ:XOS) issued its earnings results on Thursday. The company reported ($0.86) EPS for the quarter, missing analysts’ consensus estimates of ($0.60) by ($0.26), FiscalAI reports. XOS had a negative net margin of 66.13% and a negative return on equity of 128.19%. The firm had revenue of $5.22 million during the quarter, compared to the consensus estimate of $11.50 million.

XOS Stock Up 0.5%

Shares of XOS traded up $0.01 on Thursday, reaching $2.05. The company’s stock had a trading volume of 93,915 shares, compared to its average volume of 37,528. The company has a current ratio of 2.41, a quick ratio of 1.44 and a debt-to-equity ratio of 0.45. XOS has a twelve month low of $1.74 and a twelve month high of $5.60. The stock has a market capitalization of $23.23 million, a PE ratio of -0.48 and a beta of 1.66. The firm has a fifty day moving average of $2.22 and a 200-day moving average of $2.36.

Institutional Trading of XOS

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Two Sigma Investments LP purchased a new stake in shares of XOS in the third quarter worth approximately $331,000. Citadel Advisors LLC purchased a new position in shares of XOS during the third quarter valued at approximately $27,000. Geode Capital Management LLC grew its holdings in XOS by 29.9% during the fourth 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. Finally, DRW Securities LLC bought a new stake in XOS during the fourth quarter worth $33,000. 12.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

XOS has been the topic of several recent research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of XOS in a report on Wednesday, January 21st. Zacks Research lowered XOS from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 23rd. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, XOS currently has an average rating of “Hold” and an average price target of $7.00.

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.