XOS (NASDAQ:XOS) Trading Up 3.7% – What’s Next?

Xos, Inc. (NASDAQ:XOS)’s stock price traded up 3.7% on Wednesday . The stock traded as high as $2.04 and last traded at $1.97. 19,876 shares traded hands during trading, a decline of 0% from the average session volume of 19,883 shares. The stock had previously closed at $1.90.

Analyst Upgrades and Downgrades

Several research analysts recently commented on XOS shares. Zacks Research cut XOS from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 23rd. Weiss Ratings restated a “sell (e+)” rating on shares of XOS in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $7.00.

XOS Stock Performance

The company has a current ratio of 2.41, a quick ratio of 1.44 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $22.32 million, a price-to-earnings ratio of -0.46 and a beta of 1.66. The stock has a fifty day moving average price of $2.24 and a 200-day moving average price of $2.38.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC grew its holdings in shares of XOS by 29.9% in the 4th 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 during the last quarter. Citadel Advisors LLC bought a new position in XOS during the 3rd quarter valued at about $27,000. DRW Securities LLC bought a new position in XOS during the 4th quarter valued at about $33,000. Finally, Two Sigma Investments LP acquired a new position in XOS in the third quarter valued at about $331,000. 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.