Xos, Inc. (NASDAQ:XOS) Director Buys $24,604.03 in Stock

Xos, Inc. (NASDAQ:XOSGet Rating) Director George N. Mattson bought 52,349 shares of the company’s stock in a transaction that occurred on Tuesday, January 3rd. The stock was bought at an average cost of $0.47 per share, for a total transaction of $24,604.03. Following the completion of the transaction, the director now directly owns 52,349 shares in the company, valued at $24,604.03. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

XOS Price Performance

Shares of XOS stock opened at $0.81 on Friday. Xos, Inc. has a 1 year low of $0.43 and a 1 year high of $3.55. The company has a debt-to-equity ratio of 0.42, a current ratio of 7.68 and a quick ratio of 5.13. The company’s fifty day moving average is $0.75 and its two-hundred day moving average is $1.30.

XOS (NASDAQ:XOSGet Rating) last issued its quarterly earnings data on Thursday, November 10th. The company reported ($0.14) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.14). XOS had a negative net margin of 136.53% and a negative return on equity of 55.05%. The company had revenue of $11.01 million for the quarter, compared to the consensus estimate of $10.20 million. As a group, sell-side analysts forecast that Xos, Inc. will post -0.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. The Goldman Sachs Group dropped their target price on shares of XOS from $2.80 to $2.40 and set a “neutral” rating on the stock in a research report on Monday, November 14th. DA Davidson dropped their target price on shares of XOS to $2.50 in a research report on Wednesday, November 16th. Benchmark dropped their target price on shares of XOS from $10.00 to $6.00 in a research report on Monday, November 14th. Finally, Northland Securities dropped their target price on shares of XOS to $2.40 in a research report on Wednesday, November 16th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its holdings in shares of XOS by 1.1% in the third quarter. BlackRock Inc. now owns 2,349,192 shares of the company’s stock valued at $2,820,000 after acquiring an additional 25,970 shares in the last quarter. State Street Corp boosted its holdings in shares of XOS by 7.5% in the third quarter. State Street Corp now owns 1,304,965 shares of the company’s stock valued at $1,566,000 after acquiring an additional 90,766 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of XOS by 406.9% in the second quarter. Northern Trust Corp now owns 472,316 shares of the company’s stock valued at $869,000 after acquiring an additional 379,139 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of XOS by 12.3% in the third quarter. Bank of New York Mellon Corp now owns 134,454 shares of the company’s stock valued at $161,000 after acquiring an additional 14,756 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in shares of XOS in the second quarter valued at about $243,000. 12.07% of the stock is owned by hedge funds and other institutional investors.

XOS Company Profile

(Get Rating)

Xos, Inc, a mobility solutions company, manufactures and sells battery-electric commercial vehicles. It offers a range of services to facilitate the transition of fleets to electric vehicles, including charging infrastructure, vehicle maintenance, financing, and service. The company was founded in 2020 and is headquartered in Los Angeles, California.

Further Reading

Insider Buying and Selling by Quarter for XOS (NASDAQ:XOS)

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