XOS (NASDAQ:XOS) Director Stuart Bernstein Sells 30,000 Shares of Stock

Xos, Inc. (NASDAQ:XOS) Director Stuart Bernstein sold 30,000 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $4.19, for a total transaction of $125,700.00. Following the sale, the director owned 112,642 shares in the company, valued at $471,969.98. The trade was a 21.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

XOS Price Performance

XOS stock opened at $3.72 on Friday. The company’s 50-day moving average price is $2.67 and its two-hundred day moving average price is $2.36. The firm has a market cap of $51.04 million, a P/E ratio of -2.30 and a beta of 1.76. The company has a quick ratio of 0.95, a current ratio of 2.00 and a debt-to-equity ratio of 0.35. Xos, Inc. has a 12 month low of $1.60 and a 12 month high of $8.27.

XOS (NASDAQ:XOS) last issued its quarterly earnings results 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). The firm had revenue of $4.74 million for the quarter, compared to the consensus estimate of $14.30 million. XOS had a negative return on equity of 80.31% and a negative net margin of 51.68%. On average, analysts anticipate that Xos, Inc. will post -2.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On XOS

Institutional investors have recently added to or reduced their stakes in the stock. Algert Global LLC bought a new position in XOS in the 2nd quarter valued at approximately $138,000. DRW Securities LLC bought a new stake in shares of XOS during the fourth quarter worth $33,000. Geode Capital Management LLC increased its holdings in shares of 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 buying an additional 16,357 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of XOS during the third quarter worth $27,000. Finally, Two Sigma Investments LP bought a new position in shares of XOS in the 3rd quarter valued at $331,000. 12.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on XOS. Wall Street Zen downgraded XOS from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Zacks Research downgraded XOS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Finally, Weiss Ratings raised XOS from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, XOS presently has an average rating of “Reduce”.

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.