XOS (NASDAQ:XOS) Director Dietmar Ostermann Sells 4,738 Shares of Stock

Xos, Inc. (NASDAQ:XOS) Director Dietmar Ostermann sold 4,738 shares of the company’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $2.55, for a total value of $12,081.90. Following the completion of the transaction, the director directly owned 85,226 shares of the company’s stock, valued at approximately $217,326.30. The trade was a 5.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, September 16th, Dietmar Ostermann sold 262 shares of XOS stock. The shares were sold at an average price of $2.54, for a total value of $665.48.
• On Friday, September 4th, Dietmar Ostermann sold 5,000 shares of XOS stock. The stock was sold at an average price of $3.00, for a total value of $15,000.00.
• On Wednesday, September 2nd, Dietmar Ostermann sold 10,000 shares of XOS stock. The stock was sold at an average price of $3.02, for a total value of $30,200.00.
• On Thursday, August 20th, Dietmar Ostermann sold 10,000 shares of XOS stock. The shares were sold at an average price of $3.49, for a total value of $34,900.00.

XOS Stock Down 0.4%

Shares of NASDAQ XOS opened at $2.59 on Friday. The company has a 50 day simple moving average of $2.69 and a 200 day simple moving average of $2.48. The firm has a market cap of $36.83 million, a PE ratio of -1.60 and a beta of 1.87. Xos, Inc. 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 0.35, a current ratio of 2.00 and a quick ratio of 0.95.

XOS (NASDAQ:XOS) last posted its earnings results on Thursday, August 13th. The company reported ($0.55) EPS for the quarter, missing the consensus estimate of ($0.53) by ($0.02). XOS had a negative return on equity of 80.31% and a negative net margin of 51.68%.The business had revenue of $4.74 million for the quarter, compared to analyst estimates of $14.30 million. On average, research analysts forecast that Xos, Inc. will post -1.99 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in XOS stock. Algert Global LLC acquired a new stake in Xos, Inc. (NASDAQ:XOS) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 45,663 shares of the company’s stock, valued at approximately $138,000. Algert Global LLC owned about 0.33% of XOS as of its most recent filing with the SEC. Institutional investors and hedge funds own 12.86% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on XOS. Zacks Research cut shares of XOS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Weiss Ratings downgraded XOS from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, September 9th. Finally, Wall Street Zen lowered XOS from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

XOS Company Profile

Xos, Inc is a commercial electric vehicle manufacturer focused on helping fleets transition from internal-combustion vehicles to battery-electric transportation. The company develops and sells medium- and heavy-duty vehicles, including step vans, box trucks and other work vehicles designed for delivery, service and vocational applications.

In addition to vehicle manufacturing, Xos provides related electric powertrain technology, fleet management tools and charging solutions intended to support commercial fleet operators.