XOS (NASDAQ:XOS) Stock: Insider George Mattson Buys 4,062 Shares

Xos, Inc. (NASDAQ:XOS) Director George Mattson acquired 4,062 shares of the stock in a transaction on Monday, September 21st. The stock was bought at an average price of $2.60 per share, with a total value of $10,561.20. Following the completion of the acquisition, the director directly owned 196,408 shares of the company’s stock, valued at $510,660.80. This trade represents a 2.11% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

XOS Stock Down 2.0%

XOS stock opened at $2.50 on Friday. Xos, Inc. has a fifty-two week low of $1.60 and a fifty-two week high of $8.27. The company has a market capitalization of $35.55 million, a price-to-earnings ratio of -1.54 and a beta of 1.87. The business’s 50 day moving average price is $2.71 and its two-hundred day moving average price is $2.49. 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 (NASDAQ:XOS) last released its earnings results on Thursday, August 13th. The company reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.02). The firm 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%. As a group, analysts forecast that Xos, Inc. will post -1.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Wall Street Zen lowered shares of XOS from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Zacks Research cut shares of XOS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Finally, Weiss Ratings downgraded shares of XOS from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, September 9th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Hedge Funds Weigh In On XOS

A hedge fund recently bought a new position in XOS stock. Algert Global LLC acquired a new stake in shares of Xos, Inc. (NASDAQ:XOS) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 45,663 shares of the company’s stock, valued at approximately $138,000. Algert Global LLC owned approximately 0.33% of XOS at the end of the most recent reporting period. 12.86% of the stock is owned by hedge funds and other institutional investors.

XOS Company Profile

Xos, Inc is a commercial electric vehicle manufacturer focused on helping fleets transition from internal-combustion vehicles to battery-electric transportation. The company develops and sells medium- and heavy-duty vehicles, including step vans, box trucks and other work vehicles designed for delivery, service and vocational applications.

In addition to vehicle manufacturing, Xos provides related electric powertrain technology, fleet management tools and charging solutions intended to support commercial fleet operators.