XOS (NASDAQ:XOS) Stock Rating Lowered by Wall Street Zen

XOS (NASDAQ:XOS) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

A number of other equities analysts have also commented on the stock. Zacks Research lowered shares of XOS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Weiss Ratings raised shares of XOS from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

XOS Stock Performance

Shares of NASDAQ XOS opened at $2.10 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.95 and a current ratio of 2.00. The firm has a market cap of $28.81 million, a price-to-earnings ratio of -1.30 and a beta of 1.76. The business’s 50-day simple moving average is $2.71 and its 200-day simple moving average is $2.35. XOS has a 52 week low of $1.60 and a 52 week high of $8.27.

XOS (NASDAQ:XOS) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.55) earnings per share 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 company had revenue of $4.74 million during the quarter, compared to the consensus estimate of $14.30 million. As a group, equities research analysts expect that XOS will post -2.08 earnings per share for the current fiscal year.

Insider Activity at XOS

In related news, major shareholder Emerald Green Trust sold 280,040 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $5.24, for a total transaction of $1,467,409.60. Following the completion of the transaction, the insider owned 1,161,229 shares of the company’s stock, valued at approximately $6,084,839.96. The trade was a 19.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 412,272 shares of company stock valued at $2,240,161 in the last 90 days. Insiders own 20.70% of the company’s stock.

Institutional Trading of XOS

Several hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC bought a new stake in shares of XOS in the third quarter valued at approximately $27,000. Geode Capital Management LLC grew its stake in shares of XOS by 29.9% in the fourth quarter. Geode Capital Management LLC now owns 71,145 shares of the company’s stock worth $129,000 after acquiring an additional 16,357 shares during the last quarter. DRW Securities LLC bought a new position in XOS during the fourth quarter worth $33,000. Algert Global LLC bought a new position in XOS during the second quarter worth $138,000. Finally, Two Sigma Investments LP bought a new position in XOS during the third quarter worth $331,000. 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.