The stock of Xos Inc. (NASDAQ:XOS) decreased by -$0.05 on Friday to finish at $0.37, down -11.90 percent. The last five days have seen an average of 535,540 shares of common stock traded. 7 times new highs were reached in the current year, with a fall of -$0.0729. The average number of shares traded over the last 20 days was 649,015, while the average volume over the last 50 days totaled 855,642.
XOS stock dropped -7.96% since last month. On 07/18/23, the company’s shares reached a one-month low of $0.3548. The stock touched a high of $2.14 on 01/12/23, after rallying from a low of $0.21 in 52 weeks. The price of XOS stock has declined by -16.46% or -$0.0729 this year, reaching a new high 7 times. Still, the stock price is down -82.71% from the 52-week high.
Insider Transactions
XOS stock investors should be aware that Xos Inc. (XOS) stock had its last reported insider trading activity 123 days ago on Apr 13. On Apr 13, Director Mattson George N acquired 98,270 shares at $0.70 each. This transaction resulted in the insider spending $68,789. On Apr 12, Mattson George N added 35,300 shares at a price of US$0.58. After the transaction, the insider now owns 901,730 shares. Director Mattson George N had earlier bought 30,391 shares on Apr 11 for $0.61 a share. The transaction was completed for $18,539.
Valuation Metrics
Beta for the stock is 1.84. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.11, the price-to-book (PB) ratio of 0.70.
Financial Health
For the three months ended March 30, Xos Inc.’s quick ratio was 1.90, while its current ratio was 3.30, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending March 30 is 0.26, and the total debt to equity ratio is 0.50. As far as profitability goes, gross margin for the trailing twelve months is -73.20% percent. Based on annual data, it had gross profit of -$30.03 million and revenue of $36.38 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. XOS’s return on assets (ROA) during the last 12 months has been -38.10%. There was a -67.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -61.60%.
Earnings Surprise
According to Xos Inc.’s quarterly financial report for the quarter that ended March 30, it had $27.53 million in cash and short-term investments. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $4.7 million, while revenues fell by -49.57% to $8.57 million. It was predicted that Xos Inc.’s quarterly earnings would be -$0.14, but it ended up being -$0.12, beating the consensus by -16.70%. EBITDA was -$15.63 million for the quarter. At the end of Xos Inc.’s most recent quarter ended March 30, its liabilities totaled 72.46 million, while its total debt was $45.8 million. Equity owned by shareholders amounts to $170.54 million.
Technical Picture
Here’s a quick look at Xos Inc.’s (XOS) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 38.41%, suggesting the stock is Neutral, with a 197.45% historical volatility rate.
The stochastic %K and %D were 13.74% and 22.51% respectively, while the average true range (ATR) was 0.0609. Based on the 14-day stochastic reading of 3.78%, the RSI (14) reading is 43.88%. On the 9-day MACD Oscillator, the stock is at -0.0860, and the 14-day reading is at -0.0483.
Analyst Ratings
Xos Inc. (NASDAQ: XOS) was downgraded by Northland Capital to a a Market perform rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned Xos Inc. (XOS) an Overweight rating. XOS is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is XOS’s price target for the next 12 months?
The current consensus forecast for the stock is between $0.35 and $4.00, with a median target price of $0.50. In analyzing these forecasts, the average price target given by analysts for Xos Inc. (XOS) is $1.37.
