As of Wednesday close, Xos Inc.’s (NASDAQ:XOS) stock was down -$0.04, moving down -12.17 percent to $0.29. The average number of shares traded per day over the past five days has been 552,700 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.1199 fall in that time frame. In the last twenty days, the average volume was 680,775, while in the previous 50 days, it was 871,372.
Since last month, XOS stock retreated -19.86%. Shares of the company fell to $0.2901 on 08/16/23, the lowest level in the past month. A 52-week high of $2.02 was reached on 01/12/23 after having rallying from a 52-week low of $0.21. Since the beginning of this year, XOS’s stock price has dropped by -34.50% or -$0.1528, and marked a new high 7 times. However, the stock has declined by -85.64% since its 52-week high.
XOS stock investors should be aware that Xos Inc. (XOS) stock had its last reported insider trading activity 126 days ago on Apr 13. Mattson George N, the Director of the company, purchased of 98,270 shares for $0.70 on Apr 13. It resulted in a $68,789 investment by the insider. Mattson George N added 35,300 shares at an average price of $0.58 on Apr 12. The insider now owns 901,730 shares following the transaction. On Apr 11, Director Mattson George N bought 30,391 shares at $0.61 apiece. The transaction was valued at $18,539.
Valuation Metrics
The stock’s beta is 1.93. Besides these, the trailing price-to-sales (P/S) ratio of 1.65, the price-to-book (PB) ratio of 0.55.
Financial Health
In the three months ended June 29, Xos Inc.’s quick ratio stood at 1.90, while its current ratio was 3.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.26, and the total debt-to-equity ratio was 0.50. On the profitability front, the trailing twelve-month gross margin is -73.20% percent. Based on annual data, XOS earned -$30.03 million in gross profit and brought in $36.38 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -67.40%. Return on equity (ROE) for the past 12 months was -61.60%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. XOS’s revenue fell -105.68% to $4.7 million during the quarter, while net income inched up to $4.75 million. While analysts expected Xos Inc. to report -$0.11 quarterly earnings, the actual figure was -$0.14 per share, beating the consensus estimate by -27.30%. During the quarter, the company generated -$16.0 million in EBITDA. The liabilities of Xos Inc. were 65.23 million at the end of its most recent quarter ended June 29, and its total debt was $45.8 million. The value of shareholders’ equity is $176.02 million.
Technical Picture
This quick technical analysis looks at Xos Inc.’s (XOS) price momentum. With a historical volatility rate of 74.28%, the RSI 9-day stood at 29.19% on 16 August.
With respect to its five-day moving average, the current Xos Inc. price is down by -29.24% percent or -$0.1199. At present, XOS shares trade -20.10% below its 20-day simple moving average and -40.77% percent below its 100-day simple moving average. However, the stock is currently trading approximately -28.37% below its SMA50 and -71.56% below its SMA200.
Stochastic coefficient K was 2.91% and Stochastic coefficient D was 4.83%, while ATR was 0.0578. Given the Stochastic reading of 0.00% for the 14-day period, the RSI (14) reading has been calculated as 36.07%. As of today, the MACD Oscillator reading stands at -0.0924, while the 14-day reading stands at -0.1201.
Analyst Ratings
Xos Inc. downgraded its rating on Xos Inc. (NASDAQ: XOS) to a Market perform in a note to investors on March 30, 2023. The analysts firm previously had an Outperform rating on the stock.Xos Inc. (XOS) has been rated Hold by analysts. According to 0 brokerage firms, XOS is a sell, and 3 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Xos Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $0.50, the current consensus forecast for the stock is $0.35 – $4.00. Based on these forecasts, analysts predict Xos Inc. (XOS) will achieve an average price target of $1.27.
