Technicals Say Xos Inc. (XOS) Is A Hold

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Xos Inc. (NASDAQ:XOS) finished Friday with a subtraction of -$0.04 to close at $0.44, a downside of -7.07 percent. An average of 590,940 shares of common stock have been traded in the last five days. There was a fall of -$0.1402 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 524,025 shares traded, while the 50-day average volume stands at 476,600.

XOS stock has decreased by -30.80% in the last month. The company shares reached their 1-month lowest point of $0.4300 on 12/30/22. With the stock rallying to its 52-week high on 03/22/22, shares of the company touched a low of $0.45 and a high of $3.55 in 52 weeks. It has reached a new high 2 times so far this year and lost -85.94% or -$2.7071 in price. In spite of this, the price is down -87.51% from the 52-week high.


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Insider Transactions

XOS stock investors should be aware that Xos Inc. (XOS) stock had its last reported insider trading activity 30 days ago on Dec 07. In this transaction, the insider spent $9,010. Chief Technology Officer, Ferber Robert, disposed of 14,533 shares at a price of $1.15 on Nov 01. The insider now owns more than $16,713 worth of shares. Prior to that, Chief Technology Officer Ferber Robert went on to Sale 14,533 shares at $1.09 each on Oct 03. An amount of $15,841 was transacted.

Valuation Metrics

Xos Inc. (XOS) has a trailing price-to-sales (P/S) ratio at 2.53, the price-to-book (PB) ratio at 0.58.

Financial Health

The quick ratio of Xos Inc. for the three months ended September 29 was 5.10, and the current ratio was 7.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.46 and a total debt to equity ratio of 0.47 for the quarter ending September 29. Its gross profit as reported stood at -$2.36 million compared to revenue of $5.05 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Xos Inc.’s return on assets was -19.40%.

Earnings Surprise

For the three-month period that ended September 29, Xos Inc. had $59.7 million in cash and short-term investments compared to $11.21 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$23.26 million in the quarter, while revenues of -$9.47 million were grew 250.04%. The analyst consensus anticipated Xos Inc.’s latest quarter earnings to come in at -$0.14 per share, but it turned out to be -$0.14, a 0.00% surprise. For the quarter, EBITDA amounted to -$29.71 million. Shareholders own equity worth $168.03 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Xos Inc. (XOS) price momentum. RSI 9-day as of the close on 30 December was 21.45%, suggesting the stock is oversold, with historical volatility in this time frame at 65.56%.

As of today, XOS’s price is $0.4861 -24.04% or -$0.1402 from its 5-day moving average. XOS is currently trading -27.27% lower than its 20-day SMA and -77.05% lower than its 100-day SMA. However, the stock’s current price level is -54.13% below the SMA50 and -83.29% below the SMA200.

The stochastic %K and %D were 4.51% and 3.98%, respectively, and the average true range (ATR) was 0.0575. With the 14-day stochastic at 4.45% and the average true range at 0.0616, the RSI (14) stands at 24.50%. The stock has reached -0.0743 on the 9-day MACD Oscillator while the 14-day reading was at -0.1138.

Analyst Ratings

Northland Capital launched coverage on Xos Inc. (NASDAQ: XOS) in its analyst report released on June 03, 2022. The firm assigned the stock an Outperform rating.

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