XOS (NASDAQ:XOS) Major Shareholder Emerald Green Trust Sells 280,040 Shares

Xos, Inc. (NASDAQ:XOS) major shareholder Emerald Green Trust sold 280,040 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $5.24, for a total value of $1,467,409.60. Following the sale, the insider owned 1,161,229 shares in the company, valued at approximately $6,084,839.96. The trade was a 19.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Emerald Green Trust also recently made the following trade(s):

• On Wednesday, June 3rd, Emerald Green Trust sold 119,960 shares of XOS stock. The stock was sold at an average price of $6.06, for a total value of $726,957.60.

XOS Stock Down 10.2%

Shares of XOS opened at $4.74 on Friday. Xos, Inc. has a 52 week low of $1.60 and a 52 week high of $8.27. The company has a quick ratio of 0.90, a current ratio of 1.89 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $57.46 million, a price-to-earnings ratio of -2.39 and a beta of 1.81. The stock’s 50-day moving average price is $2.11 and its 200-day moving average price is $2.16.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Zacks Research downgraded XOS from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. Weiss Ratings upgraded XOS from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $7.00.

Hedge Funds Weigh In On XOS

A number of hedge funds have recently bought and sold shares of the business. Citadel Advisors LLC purchased a new position in XOS during the third quarter worth approximately $27,000. Geode Capital Management LLC boosted its position in XOS by 29.9% during the fourth 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. DRW Securities LLC purchased a new position in XOS during the fourth quarter worth approximately $33,000. Finally, Two Sigma Investments LP purchased a new position in XOS during the third quarter worth approximately $331,000. Hedge funds and other institutional investors own 12.86% of the company’s stock.

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.