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

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

Wall Street Analysts Forecast Growth

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

XOS Price Performance

The firm’s 50 day simple moving average is $2.18 and its two-hundred day simple moving average is $2.63. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.41 and a quick ratio of 1.44. The firm has a market capitalization of $32.29 million, a P/E ratio of -0.66 and a beta of 1.63.

XOS (NASDAQ:XOS) last released its quarterly earnings data on Thursday, November 13th. The company reported $0.22 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $16.50 million for the quarter, compared to the consensus estimate of $17.33 million. As a group, analysts predict that Xos, Inc. will post -5.37 earnings per share for the current year.

Insiders Place Their Bets

In other XOS news, major shareholder Emerald Green Trust sold 12,983 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $2.52, for a total value of $32,717.16. Following the completion of the sale, the insider owned 1,561,229 shares in the company, valued at approximately $3,934,297.08. The trade was a 0.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 34,243 shares of company stock valued at $76,274 in the last ninety days. Insiders own 20.90% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in XOS stock. Citadel Advisors LLC bought a new position in Xos, Inc. (NASDAQ:XOS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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. Institutional investors and hedge funds own 12.86% of the company’s stock.

About XOS

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.