XOS (NASDAQ:XOS) Shares Down 1.3% – Here’s What Happened

Xos, Inc. (NASDAQ:XOS)’s share price was down 1.3% during mid-day trading on Friday . The company traded as low as $2.27 and last traded at $2.27. Approximately 27,132 shares were traded during trading, an increase of 0% from the average daily volume of 27,061 shares. The stock had previously closed at $2.30.

Analysts Set New Price Targets

XOS has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of XOS in a research note on Wednesday, October 8th. Wedbush boosted their price target on shares of XOS from $6.00 to $7.00 and gave the company an “outperform” rating in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, XOS presently has an average rating of “Hold” and an average price target of $7.00.

XOS Stock Performance

The stock’s 50-day moving average price is $2.63 and its 200 day moving average price is $2.95. The company has a quick ratio of 1.44, a current ratio of 2.41 and a debt-to-equity ratio of 0.45. The company has a market cap of $25.72 million, a P/E ratio of -0.53 and a beta of 1.60.

XOS (NASDAQ:XOS) last issued its quarterly earnings results on Thursday, November 13th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of ($0.73) by $0.95. XOS had a negative return on equity of 128.19% and a negative net margin of 66.13%.The company had revenue of $16.50 million during the quarter, compared to analyst estimates of $17.33 million. XOS has set its FY 2025 guidance at EPS. As a group, research analysts expect that Xos, Inc. will post -5.37 EPS for the current fiscal year.

Insider Transactions at XOS

In related news, major shareholder Emerald Green Trust sold 24,593 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $2.62, for a total transaction of $64,433.66. Following the sale, the insider directly owned 1,656,530 shares in the company, valued at $4,340,108.60. This represents a 1.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders have sold 106,911 shares of company stock worth $258,811. Company insiders own 20.90% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in XOS stock. Citadel Advisors LLC purchased a new position in shares of Xos, Inc. (NASDAQ:XOS) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,025 shares of the company’s stock, valued at approximately $27,000. Citadel Advisors LLC owned about 0.12% of XOS at the end of the most recent reporting period. Hedge funds and other institutional investors own 12.86% of the company’s stock.

About XOS

Xos, Inc is an electric mobility company engaged in manufacturing electric trucks. The firm designs and develops fully electric battery mobility systems specifically for commercial fleets. The company was founded by Dakota Semler and Giordano Sordoni on July 29, 2020 and is headquartered in Los Angeles, CA.