The time has not yet come to remove your chips from the table: Xos Inc. (XOS)

Xos Inc. (NASDAQ: XOS) stock jumped 1.00% on Monday to $1.01 against a previous-day closing price of $1.00. With 0.98 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.53 million shares. During the session, the Farm & Heavy Construction Machinery company that operates in wider Industrials sector, reached to the highest price of $1.0700 whereas the lowest price it dropped to was $0.9901. The 52-week range on XOS shows that it touched its highest point at $3.55 and its lowest point at $0.43 during that stretch. It currently has a 1-year price target of $3.15.

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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 1.78%, but this was up by 70.90% over a month. Three-month performance surged to 4.12% while six-month performance fell -41.28%. The stock lost -53.67% in the past year, while it has gained 128.04% so far this year. A look at the trailing 12-month EPS for XOS yields -0.26 with Next year EPS estimates of -0.48. For the next quarter, that number is -0.14. This implies an EPS growth rate of 311.30% for this year and -4.30% for next year.

Float and Shares Shorts:

At present, 165.90 million XOS shares are outstanding with a float of 56.73 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 61.52% of XOS, in contrast to 4.51% held by mutual funds. Shares owned by individuals account for 2.48%. As the largest shareholder in XOS with 1.47% 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 1.25% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in XOS, holding 2,025,313 shares or 1.21% stake. With a 1.27% stake in XOS, the Janus Henderson Triton Fund is the largest stakeholder. A total of 2,131,405 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 0.71% of XOS stock, is the second-largest Mutual Fund holder. It holds 1,199,595 shares valued at 0.53 million. iShares Russell 2000 ETF holds 0.62% of the stake in XOS, owning 1,034,506 shares worth 0.46 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 $0.60, the average target price over the next 12 months is $3.15. Based on these targets, XOS could surge 494.06% to reach the target high and fall by -40.59% to reach the target low. Reaching the average price target will result in a growth of 211.88% 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 03/25/2024. Analysts have provided yearly estimates in a range of -$0.37 being high and -$0.67 being low. For XOS, this leads to a yearly average estimate of -$0.51. 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 -$0.14.

Summary of Insider Activity:

Insiders traded XOS stock several times over the past three months with 9 Buys and 2 Sells. In these transactions, 880,021 shares were bought while 29,066 shares were sold. The number of buy transactions has increased to 32 while that of sell transactions has risen to 10 over the past year. The total number of shares bought during that period was 3,384,506 while 195,609 shares were sold.

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