Giordano Sordoni Sells 49,370 Shares of XOS (NASDAQ:XOS) Stock

Xos, Inc. (NASDAQ:XOS) COO Giordano Sordoni sold 49,370 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $4.00, for a total value of $197,480.00. Following the completion of the transaction, the chief operating officer owned 1,553,458 shares in the company, valued at $6,213,832. This trade represents a 3.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

XOS Trading Up 0.9%

NASDAQ:XOS opened at $3.52 on Wednesday. The company has a market capitalization of $50.05 million, a P/E ratio of -2.17 and a beta of 1.76. The stock’s 50 day moving average price is $2.67 and its 200 day moving average price is $2.39. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.95 and a current ratio of 2.00. Xos, Inc. has a 52 week low of $1.60 and a 52 week high of $8.27.

XOS (NASDAQ:XOS) last posted its earnings results on Thursday, August 13th. The company reported ($0.55) earnings per share (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 analyst estimates of $14.30 million. On average, research analysts forecast that Xos, Inc. will post -2.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on XOS. Weiss Ratings raised shares of XOS from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 12th. Zacks Research cut XOS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Finally, Wall Street Zen downgraded 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. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Institutional Trading of XOS

Several large investors have recently modified their holdings of XOS. Citadel Advisors LLC acquired a new position in XOS during the 3rd quarter worth $27,000. DRW Securities LLC acquired a new stake in XOS in the 4th quarter worth $33,000. Geode Capital Management LLC increased its holdings in shares of 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 during the period. Algert Global LLC bought a new position in shares of XOS during the 2nd quarter worth about $138,000. Finally, Two Sigma Investments LP acquired a new position in shares of XOS during the third quarter valued at about $331,000. 12.86% of the stock is owned by institutional investors.

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.