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

by · The Markets Daily

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

XOS Stock Up 28.3%

NASDAQ:XOS traded up $0.82 during trading hours on Thursday, hitting $3.72. 14,887,718 shares of the company’s stock traded hands, compared to its average volume of 2,173,701. The firm has a market cap of $51.04 million, a P/E ratio of -2.30 and a beta of 1.76. Xos, Inc. has a twelve month low of $1.60 and a twelve month high of $8.27. 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 stock’s fifty day moving average price is $2.68 and its two-hundred day moving average price is $2.36.

XOS (NASDAQ:XOS – Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.55) earnings per share (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 during the quarter, compared to analysts’ expectations of $14.30 million. On average, research analysts expect that Xos, Inc. will post -2.08 earnings per share for the current fiscal year.

Institutional Trading of XOS

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

Analyst Upgrades and Downgrades

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

Read Our Latest Analysis on XOS

XOS Company Profile

(Get Free Report)

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.

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