George N. Mattson Purchases 100,000 Shares of Xos, Inc. (NASDAQ:XOS) Stock

Xos, Inc. (NASDAQ:XOS – Get Rating) Director George N. Mattson acquired 100,000 shares of XOS stock in a transaction dated Friday, January 13th. The stock was bought at an average price of $0.98 per share, with a total value of $98,000.00. Following the completion of the purchase, the director now directly owns 469,940 shares in the company, valued at $460,541.20. The purchase was disclosed in a document filed with the SEC, which is available at this link.

XOS Stock Down 1.1 %

XOS opened at $0.99 on Friday. The firm has a 50-day simple moving average of $0.73 and a two-hundred day simple moving average of $1.24. Xos, Inc. has a 52 week low of $0.43 and a 52 week high of $3.55. The company has a market capitalization of $165.77 million, a PE ratio of -3.79 and a beta of 1.19. The company has a quick ratio of 5.13, a current ratio of 7.68 and a debt-to-equity ratio of 0.42.

XOS (NASDAQ:XOS – Get Rating) last released its quarterly earnings data on Thursday, November 10th. The company reported ($0.14) EPS for the quarter, meeting 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 business had revenue of $11.01 million during the quarter, compared to the consensus estimate of $10.20 million. Analysts forecast that Xos, Inc. will post -0.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in XOS. Bank of New York Mellon Corp bought a new position in shares of XOS in the 1st quarter valued at about $83,000. Citigroup Inc. bought a new position in shares of XOS in the 1st quarter valued at about $31,000. BlackRock Inc. lifted its holdings in shares of XOS by 5.2% in the 1st quarter. BlackRock Inc. now owns 118,416 shares of the company’s stock valued at $354,000 after acquiring an additional 5,890 shares during the last quarter. State Street Corp lifted its holdings in shares of XOS by 623.9% in the 1st quarter. State Street Corp now owns 181,707 shares of the company’s stock valued at $543,000 after acquiring an additional 156,607 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of XOS by 1,011.3% in the 1st quarter. Jane Street Group LLC now owns 56,894 shares of the company’s stock valued at $170,000 after acquiring an additional 63,137 shares during the last quarter. Institutional investors own 12.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on XOS. DA Davidson cut their price target on XOS to $2.50 in a research note on Wednesday, November 16th. Benchmark cut their price target on XOS from $10.00 to $6.00 in a research note on Monday, November 14th. Northland Securities cut their price target on XOS to $2.40 in a research note on Wednesday, November 16th. Finally, The Goldman Sachs Group cut their price target on XOS from $2.80 to $2.40 and set a “neutral” rating for the company in a research note on Monday, November 14th.

XOS Company Profile

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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.