XOS (NASDAQ:XOS) Rating Lowered to Hold at Zacks Research

XOS (NASDAQ:XOS) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of XOS in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $7.00.

XOS Stock Performance

Shares of NASDAQ:XOS opened at $2.17 on Monday. The business’s 50 day moving average price is $2.21 and its 200-day moving average price is $2.50. XOS has a 1 year low of $1.74 and a 1 year high of $5.60. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.41 and a quick ratio of 1.44. The firm has a market capitalization of $24.59 million, a PE ratio of -0.50 and a beta of 1.65.

Insider Buying and Selling at XOS

In other news, major shareholder Emerald Green Trust sold 12,983 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $2.52, for a total transaction of $32,717.16. Following the completion of the sale, the insider owned 1,561,229 shares in the company, valued at $3,934,297.08. This trade represents a 0.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 34,243 shares of company stock valued at $76,274. Corporate insiders own 20.90% of the company’s stock.

Institutional Investors Weigh In On XOS

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XOS. Two Sigma Investments LP acquired a new position in shares of XOS in the 3rd quarter valued at $331,000. Geode Capital Management LLC raised its stake in shares of 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 during the period. DRW Securities LLC purchased a new position in shares of XOS during the 4th quarter worth approximately $33,000. Finally, Citadel Advisors LLC purchased a new stake in XOS in the third quarter valued at approximately $27,000. Institutional investors and hedge funds 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.