Xos, Inc. (NASDAQ:XOS – Get Rating) CTO Robert Ferber sold 14,533 shares of the company’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $1.09, for a total transaction of $15,840.97. Following the completion of the transaction, the chief technology officer now owns 521,446 shares of the company’s stock, valued at approximately $568,376.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Robert Ferber also recently made the following trade(s):

• On Monday, August 1st, Robert Ferber sold 14,533 shares of XOS stock. The shares were sold at an average price of $1.77, for a total transaction of $25,723.41.

XOS Trading Up 2.7 %

Shares of XOS traded up $0.03 during mid-day trading on Tuesday, hitting $1.16. 461,372 shares of the company’s stock were exchanged, compared to its average volume of 463,332. Xos, Inc. has a fifty-two week low of $1.02 and a fifty-two week high of $5.67. The firm has a market capitalization of $192.67 million, a P/E ratio of -5.83 and a beta of 1.51. The business’s 50 day moving average is $1.62 and its two-hundred day moving average is $2.25.

XOS (NASDAQ:XOS – Get Rating) last announced its earnings results on Thursday, August 11th. The company reported ($0.13) earnings per share for the quarter, hitting the consensus estimate of ($0.13). The business had revenue of $9.77 million during the quarter, compared to the consensus estimate of $10.00 million. XOS had a net margin of 76.66% and a negative return on equity of 15.72%. On average, equities research analysts forecast that Xos, Inc. will post -0.51 earnings per share for the current year.

Institutional Investors Weigh In On XOS

A number of hedge funds have recently added to or reduced their stakes in XOS. Citigroup Inc. acquired a new stake in XOS in the first quarter valued at about $31,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in XOS in the second quarter valued at about $36,000. Bank of America Corp DE purchased a new position in XOS in the first quarter valued at about $41,000. American International Group Inc. purchased a new position in XOS in the second quarter valued at about $47,000. Finally, UBS Group AG increased its holdings in XOS by 600.2% in the second quarter. UBS Group AG now owns 28,815 shares of the company’s stock valued at $53,000 after buying an additional 24,700 shares in the last quarter. Institutional investors and hedge funds own 12.07% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, DA Davidson decreased their target price on shares of XOS from $11.00 to $5.00 and set a “buy” rating for the company in a research note on Friday, August 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $5.35.

XOS Company Profile

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Xos, Inc, a mobility solutions company, manufactures and sells battery-electric commercial vehicles. It offers a range of services to facilitate the transition of fleets to electric vehicles, including charging infrastructure, vehicle maintenance, financing, and service. The company was founded in 2020 and is headquartered in Los Angeles, California.

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