Its Stock Has Paid Off Big Time For Xos Inc.

Xos Inc. (NASDAQ: XOS) stock jumped 4.35% on Wednesday to $0.86 against a previous-day closing price of $0.82. With 0.47 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.35 million shares. During the session, the Farm & Heavy Construction Machinery company that operates in wider Industrials sector, reached to the highest price of $0.8700 whereas the lowest price it dropped to was $0.8250. The 52-week range on XOS shows that it touched its highest point at $4.35 and its lowest point at $0.76 during that stretch. It currently has a 1-year price target of $3.25.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of XOS was up-trending over the past week, with a rise of 3.16%, but this was down by -18.46% over a month. Three-month performance dropped to -52.17% while six-month performance fell -66.42%. The stock lost -78.65% in the past year, while it has lost -72.82% so far this year. A look at the trailing 12-month EPS for XOS yields -0.26 with Next year EPS estimates of -0.40. For the next quarter, that number is -0.13. This implies an EPS growth rate of 311.30% for this year and 14.90% for next year.

Float and Shares Shorts:

At present, 165.90 million XOS shares are outstanding with a float of 57.01 million shares on hand for trading. On Oct 13, 2022, short shares totaled 3.64 million, which was 2.19% higher than short shares on Sep 14, 2022. In addition to Mr. Dakota Semler as the firm’s CEO & Chairman, Mr. Giordano Sordoni serves as its Co-Founder, COO & Director.

Institutional Ownership:

Through their ownership of 8.95% of XOS’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 61.38% of XOS, in contrast to 5.52% held by mutual funds. Shares owned by individuals account for 1.56%. As the largest shareholder in XOS with 1.49% of the stake, Janus Henderson Investors US LLC holds 2,470,278 shares worth 2,470,278. A second-largest stockholder of XOS, BlackRock Fund Advisors, holds 2,107,187 shares, controlling over 1.27% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in XOS, holding 2,025,313 shares or 1.22% stake. With a 1.87% stake in XOS, the Janus Henderson Triton Fund is the largest stakeholder. A total of 3,110,056 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 0.65% of XOS stock, is the second-largest Mutual Fund holder. It holds 1,070,939 shares valued at 1.21 million. iShares Russell 2000 ETF holds 0.61% of the stake in XOS, owning 1,019,815 shares worth 1.15 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for XOS since 6 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With XOS analysts setting a high price target of $6.00 and a low target of $1.20, the average target price over the next 12 months is $3.25. Based on these targets, XOS could surge 597.67% to reach the target high and rise by 39.53% to reach the target low. Reaching the average price target will result in a growth of 277.91% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. XOS will report FY 2022 earnings on 03/27/2023. Analysts have provided yearly estimates in a range of -$0.37 being high and -$0.61 being low. For XOS, this leads to a yearly average estimate of -$0.50. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Xos Inc. surprised analysts by $0.01 when it reported -$0.14 EPS against a consensus estimate of -$0.15. The surprise factor in the prior quarter was $0.08. Based on analyst estimates, the high estimate for the next quarter is -$0.10 and the low estimate is -$0.16. The average estimate for the next quarter is thus -$0.13.

Summary of Insider Activity:

Insiders traded XOS stock several times over the past three months with 11 Buys and 3 Sells. In these transactions, 823,778 shares were bought while 43,599 shares were sold. The number of buy transactions has increased to 27 while that of sell transactions has risen to 9 over the past year. The total number of shares bought during that period was 2,559,276 while 181,076 shares were sold.

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