XOS (NASDAQ:XOS) Stock Price Down 1.3% – What’s Next?

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

Wall Street Analysts Forecast Growth

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

XOS Price Performance

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 company’s 50-day moving average price is $2.63 and its 200-day moving average price is $2.95. 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 announced its quarterly earnings data on Thursday, November 13th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of ($0.73) by $0.95. The business had revenue of $16.50 million for the quarter, compared to analyst estimates of $17.33 million. XOS had a negative net margin of 66.13% and a negative return on equity of 128.19%. XOS has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Xos, Inc. will post -5.37 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Emerald Green Trust sold 24,593 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $2.62, for a total value of $64,433.66. Following the sale, the insider owned 1,656,530 shares in the company, valued at approximately $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 accessible through the SEC website. Insiders sold a total of 106,911 shares of company stock worth $258,811 in the last three months. Company insiders own 20.90% of the company’s stock.

Institutional Investors Weigh In On XOS

A hedge fund recently bought a new stake in XOS stock. Citadel Advisors LLC purchased a new stake in Xos, Inc. (NASDAQ:XOS) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 10,025 shares of the company’s stock, valued at approximately $27,000. Citadel Advisors LLC owned about 0.12% of XOS as of its most recent filing with the Securities and Exchange Commission. 12.86% of the stock is currently owned by hedge funds and other institutional investors.

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.