Xos, Inc. (NASDAQ:XOS – Get Rating) COO Giordano Sordoni bought 56,729 shares of the company’s stock in a transaction on Tuesday, January 17th. The stock was purchased at an average price of $1.06 per share, with a total value of $60,132.74. Following the completion of the transaction, the chief operating officer now directly owns 23,731,629 shares of the company’s stock, valued at approximately $25,155,526.74. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Giordano Sordoni also recently made the following trade(s):
- On Thursday, January 19th, Giordano Sordoni purchased 44,634 shares of XOS stock. The stock was bought at an average cost of $0.99 per share, with a total value of $44,187.66.
XOS Stock Performance
NASDAQ XOS opened at $1.00 on Friday. The business has a 50 day simple moving average of $0.73 and a 200 day simple moving average of $1.23. The company has a quick ratio of 5.13, a current ratio of 7.68 and a debt-to-equity ratio of 0.42. Xos, Inc. has a one year low of $0.43 and a one year high of $3.55.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on XOS. Benchmark decreased their price target on XOS from $10.00 to $6.00 in a research note on Monday, November 14th. Northland Securities decreased their price target on XOS to $2.40 in a research note on Wednesday, November 16th. DA Davidson decreased their price target on XOS to $2.50 in a research note on Wednesday, November 16th. Finally, The Goldman Sachs Group decreased their target price on XOS from $2.80 to $2.40 and set a “neutral” rating for the company in a research note on Monday, November 14th.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of XOS. Citigroup Inc. bought a new position in shares of XOS in the first quarter valued at approximately $31,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of XOS in the second quarter valued at approximately $36,000. Bank of America Corp DE bought a new position in shares of XOS in the first quarter valued at approximately $41,000. American International Group Inc. bought a new position in shares of XOS in the second quarter valued at approximately $47,000. Finally, UBS Group AG lifted its holdings in shares of 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 purchasing an additional 24,700 shares in the last quarter. Institutional investors own 12.07% of the company’s stock.
XOS Company Profile
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.
- Get a free copy of the StockNews.com research report on XOS (XOS)
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