XOS (NASDAQ:XOS) Posts Earnings Results, Misses Estimates By $0.02 EPS

XOS (NASDAQ:XOS) issued its quarterly earnings results on Thursday. The company reported ($0.55) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.53) by ($0.02), FiscalAI reports. XOS had a negative return on equity of 86.90% and a negative net margin of 39.13%.The company had revenue of $4.74 million for the quarter, compared to analyst estimates of $14.30 million.

XOS Trading Down 1.9%

Shares of XOS stock traded down $0.05 during trading hours on Thursday, reaching $2.58. The company had a trading volume of 291,326 shares, compared to its average volume of 1,196,001. XOS has a 1-year low of $1.60 and a 1-year high of $8.27. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.89 and a quick ratio of 0.90. The firm has a market cap of $35.40 million, a price-to-earnings ratio of -1.30 and a beta of 1.76. The company has a 50 day moving average of $2.82 and a 200 day moving average of $2.35.

Analyst Ratings Changes

A number of brokerages have recently issued reports on XOS. Weiss Ratings lowered shares of XOS from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, July 28th. Zacks Research lowered XOS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Finally, Wall Street Zen upgraded XOS to a “hold” rating in a research report on Sunday, July 12th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $7.00.

Insider Buying and Selling

In other XOS news, major shareholder Emerald Green Trust sold 280,040 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $5.24, for a total value of $1,467,409.60. Following the transaction, the insider owned 1,161,229 shares of the company’s stock, valued at approximately $6,084,839.96. This represents a 19.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 412,272 shares of company stock valued at $2,240,161 in the last ninety days. Corporate insiders own 20.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. 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 valued at $129,000 after acquiring an additional 16,357 shares in the last quarter. Two Sigma Investments LP acquired a new position in XOS during the third quarter worth $331,000. DRW Securities LLC bought a new stake in XOS during the fourth quarter worth $33,000. Finally, Citadel Advisors LLC bought a new position in shares of XOS in the 3rd quarter valued at about $27,000. 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.