XOS (NASDAQ:XOS) Director Dietmar Ostermann Sells 10,000 Shares of Stock

Xos, Inc. (NASDAQ:XOS) Director Dietmar Ostermann sold 10,000 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $3.49, for a total value of $34,900.00. Following the transaction, the director owned 105,226 shares in the company, valued at $367,238.74. This trade represents a 8.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Dietmar Ostermann also recently made the following trade(s):

• On Monday, June 8th, Dietmar Ostermann sold 3,351 shares of XOS stock. The stock was sold at an average price of $4.45, for a total value of $14,911.95.

XOS Trading Down 0.3%

XOS stock opened at $3.49 on Tuesday. The company has a market capitalization of $47.88 million, a PE ratio of -2.15 and a beta of 1.76. Xos, Inc. has a one year low of $1.60 and a one year high of $8.27. The company’s 50 day moving average price is $2.67 and its two-hundred day moving average price is $2.38. 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 announced its quarterly earnings data 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 analysts’ expectations of $14.30 million. As a group, analysts predict that Xos, Inc. will post -2.08 earnings per share for the current fiscal year.

Institutional Trading of XOS

A number of institutional investors have recently modified their holdings of XOS. Two Sigma Investments LP bought a new stake in shares of XOS in the third quarter worth about $331,000. Geode Capital Management LLC lifted its holdings 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 buying an additional 16,357 shares during the period. Algert Global LLC bought a new stake in shares of XOS in the 2nd quarter worth approximately $138,000. DRW Securities LLC bought a new stake in shares of XOS in the 4th quarter worth approximately $33,000. Finally, Citadel Advisors LLC purchased a new position in shares of XOS during the third quarter valued at approximately $27,000. 12.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wall Street Zen downgraded XOS from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Zacks Research cut XOS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Finally, Weiss Ratings raised XOS from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

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.