XOS (XOS) Set to Announce Earnings on Thursday

XOS (NASDAQ:XOSGet Rating) will be posting its quarterly earnings results after the market closes on Thursday, August 11th. Analysts expect XOS to post earnings of ($0.13) per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

XOS (NASDAQ:XOSGet Rating) last posted its earnings results on Thursday, May 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.01). The business had revenue of $7.03 million during the quarter, compared to the consensus estimate of $5.40 million. On average, analysts expect XOS to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

XOS Price Performance

XOS stock opened at $1.81 on Thursday. XOS has a 52-week low of $1.70 and a 52-week high of $9.99. The business has a fifty day moving average of $2.21 and a two-hundred day moving average of $2.47.

Wall Street Analyst Weigh In

Separately, Northland Securities assumed coverage on XOS in a research report on Friday, June 3rd. They set an “outperform” rating and a $5.00 price target for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $8.29.

Insider Activity at XOS

In related news, CTO Robert Ferber sold 50,000 shares of XOS stock in a transaction on Friday, July 1st. The stock was sold at an average price of $1.79, for a total value of $89,500.00. Following the completion of the transaction, the chief technology officer now directly owns 377,971 shares in the company, valued at $676,568.09. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 54.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of XOS. State Street Corp lifted its holdings in XOS by 623.9% during the 1st quarter. State Street Corp now owns 181,707 shares of the company’s stock worth $543,000 after buying an additional 156,607 shares during the last quarter. BlackRock Inc. lifted its holdings in XOS by 5.2% during the 1st quarter. BlackRock Inc. now owns 118,416 shares of the company’s stock worth $354,000 after buying an additional 5,890 shares during the last quarter. Jane Street Group LLC lifted its holdings in XOS by 1,011.3% during the 1st quarter. Jane Street Group LLC now owns 56,894 shares of the company’s stock worth $170,000 after buying an additional 63,137 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in XOS during the 1st quarter worth about $83,000. Finally, Bank of America Corp DE purchased a new stake in XOS during the 1st quarter worth about $41,000. 12.07% of the stock is currently owned by hedge funds and other institutional investors.

XOS Company Profile

(Get Rating)

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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