XOS (NASDAQ:XOS) Shares Down 1.3% – Here’s Why

Xos, Inc. (NASDAQ:XOS) dropped 1.3% during trading on Friday . The stock traded as low as $2.27 and last traded at $2.27. Approximately 27,132 shares were traded during trading, an increase of 0% from the average daily volume of 27,061 shares. The stock had previously closed at $2.30.

Analyst Upgrades and Downgrades

XOS has been the topic of a number of recent research reports. Wedbush raised their price objective on shares of XOS from $6.00 to $7.00 and gave the company an “outperform” rating in a research note on Thursday, August 14th. Weiss Ratings reissued a “sell (e+)” rating on shares of XOS in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $7.00.

XOS Price Performance

The company has a current ratio of 2.41, a quick ratio of 1.44 and a debt-to-equity ratio of 0.45. The business’s fifty day moving average is $2.63 and its 200 day moving average is $2.95. The company has a market cap of $25.72 million, a P/E ratio of -0.53 and a beta of 1.60.

XOS (NASDAQ:XOS) last announced its quarterly earnings data on Thursday, November 13th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.73) by $0.95. The business had revenue of $16.50 million for the quarter, compared to analysts’ expectations of $17.33 million. XOS had a negative return on equity of 128.19% and a negative net margin of 66.13%. XOS has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Xos, Inc. will post -5.37 EPS for the current year.

Insider Transactions at XOS

In other news, major shareholder Emerald Green Trust sold 11,768 shares of XOS stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $2.39, for a total transaction of $28,125.52. Following the completion of the sale, the insider directly owned 1,582,134 shares of the company’s stock, valued at approximately $3,781,300.26. The trade was a 0.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 106,911 shares of company stock worth $258,811 over the last three months. 20.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On XOS

A hedge fund recently bought a new stake in XOS stock. Citadel Advisors LLC purchased a new position in shares of Xos, Inc. (NASDAQ:XOS) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 10,025 shares of the company’s stock, valued at approximately $27,000. Citadel Advisors LLC owned about 0.12% of XOS at the end of the most recent reporting period. Institutional investors and hedge funds own 12.86% of the company’s stock.

XOS Company Profile

Xos, Inc is an electric mobility company engaged in manufacturing electric trucks. The firm designs and develops fully electric battery mobility systems specifically for commercial fleets. The company was founded by Dakota Semler and Giordano Sordoni on July 29, 2020 and is headquartered in Los Angeles, CA.