XOS (NASDAQ:XOS) Trading Up 27.2% – What’s Next?

Xos, Inc. (NASDAQ:XOS) shares rose 27.2% during mid-day trading on Monday . The stock traded as high as $2.88 and last traded at $2.85. Approximately 388,057 shares were traded during mid-day trading, an increase of 1,105% from the average daily volume of 32,217 shares. The stock had previously closed at $2.24.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of XOS in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $7.00.

XOS Stock Performance

The business has a 50 day moving average of $2.18 and a 200-day moving average of $2.63. The company has a market capitalization of $32.29 million, a P/E ratio of -0.66 and a beta of 1.63. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.44 and a current ratio of 2.41.

XOS (NASDAQ:XOS) last posted its earnings results on Thursday, November 13th. The company reported $0.22 earnings per share for the quarter, beating 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 business had revenue of $16.50 million during the quarter, compared to analyst estimates of $17.33 million. On average, sell-side analysts predict that Xos, Inc. will post -5.37 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Emerald Green Trust sold 12,983 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $2.52, for a total transaction of $32,717.16. Following the sale, the insider owned 1,561,229 shares of the company’s stock, valued at approximately $3,934,297.08. This represents a 0.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 34,243 shares of company stock worth $76,274 over the last three months. 20.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On XOS

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

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.