XOS (NASDAQ:XOS) Director Stuart Bernstein Sells 4,000 Shares of Stock

Xos, Inc. (NASDAQ:XOS) Director Stuart Bernstein sold 4,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $5.26, for a total value of $21,040.00. Following the sale, the director owned 84,058 shares in the company, valued at $442,145.08. This trade represents a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

XOS Trading Down 16.5%

Shares of XOS stock opened at $3.96 on Tuesday. The firm has a market capitalization of $48.00 million, a PE ratio of -2.00 and a beta of 1.81. Xos, Inc. has a twelve month low of $1.60 and a twelve month high of $8.27. The firm’s 50-day moving average price is $2.15 and its 200 day moving average price is $2.17. The company has a current ratio of 1.89, a quick ratio of 0.90 and a debt-to-equity ratio of 0.51.

XOS (NASDAQ:XOS) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.43) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.29. The firm had revenue of $11.23 million for the quarter, compared to analyst estimates of $6.23 million. XOS had a negative net margin of 39.13% and a negative return on equity of 86.90%. On average, sell-side analysts predict that Xos, Inc. will post -2.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted 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 worth $129,000 after purchasing an additional 16,357 shares in the last quarter. Two Sigma Investments LP purchased a new position in XOS in the 3rd quarter worth approximately $331,000. DRW Securities LLC purchased a new position in XOS in the 4th quarter worth approximately $33,000. Finally, Citadel Advisors LLC purchased a new position in XOS in the 3rd quarter worth approximately $27,000. 12.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Weiss Ratings raised shares of XOS from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 3rd. Zacks Research lowered shares of XOS from a “strong-buy” rating to a “hold” rating in a research note 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.