BlackRock Fund Advisors has recently announced that it has increased stake in Xos Inc. (NASDAQ:XOS) by 0.80%. After grabbing 2.11 million shares, the institutional investor is now in possession of 16801.0 shares of the Industrials Company. The new investment brought the stake of investor firm to 1.27% having worth around $2.38 million. Moreover, SSgA Funds Management, Inc. increased its share by 90766.0 to have a control over 1.3 million shares. And Geode Capital Management LLC raised its holdings to 22825.0 shares by acquiring 1.01 million shares or 0.61% of the stake.
Xos Inc. (XOS) concluded trading on 11/23/22 at a closing price of $0.86, with 0.47 million shares of worth about $0.4 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -66.42% during that period and on Wednesday the price saw a gain of about 4.35%. Currently the company’s common shares owned by public are about 165.90M shares, out of which, 57.01M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 6 analysts are covering the XOS stock and their offered price forecasts bring an average price target of $3.25. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $6.00 and could fall to a lowest price of $1.20. The stock’s current price level is 73.54% above of average price target set by the analysts, while a rise to estimated low would result in gain of 28.33% for the stock. However, touching the estimated high of $6.00 would mean a gain of 85.67% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 36 times over the past 12 months. They bought 2,559,276 shares in 27 of the transactions. In 9 selling transactions, insiders dumped 181,076 shares.
Janus Henderson Triton Fund, Vanguard Total Stock Market Index, and iShares Russell 2000 ETF are the top 3 mutual funds which are holding stakes in Xos Inc. Janus Henderson Triton Fund is currently holding 3.11 million shares of worth totaling $3.51 million. The company recently came selling -1.96 million shares which brought its stake up to 1.87% of the company’s outstanding shares. iShares Russell 2000 ETF, after selling 1.02 million shares, have now control over 0.61% of the stake in the company. It holds 18939.0 shares of worth $1.15 million.
Xos Inc. (NASDAQ: XOS) started trading at $0.83, above $0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 0.8700, or with a gain of 4.35%. Stock saw a price change of 3.16% in past 5 days and over the past one month there was a price change of -18.46%. Year-to-date (YTD), XOS shares are showing a performance of -72.82% which decreased to -78.65% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.76 but also hit the highest price of $4.35 during that period. The average intraday trading volume for Xos Inc. shares is 348.22K. The stock is currently trading -14.75% below its 20-day simple moving average (SMA20), while that difference is down -23.05% for SMA50 and it goes to -58.08% lower than SMA200.
BlackRock Fund Advisors acquired 2.11 million shares of Xos Inc. having value of about $2.38 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 16801.0 shares in the company valued at close to $14448.86, or have control over 0.80% stake in the company. Xos Inc. (NASDAQ: XOS) currently have 165.90M outstanding shares and institutions hold larger chunk of about 7.70% of that. Holding of mutual funds in the company is about 5.52% while other institutional holders and individual stake holders have control over 61.38% and 1.56% of the stake respectively.
The stock has a current market capitalization of $143.87M. It has posted earnings per share of -$0.26 in the same period. It has Quick Ratio of 5.10 while making debt-to-equity ratio of 0.47. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for XOS, volatility over the week remained 7.20% while standing at 8.23% over the month.
Analysts are in expectations that Xos Inc. (XOS) stock would likely to be making an EPS of -$0.14 in the current quarter, while forecast for next quarter EPS is -$0.14 and it is -$0.42 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.17 which is -$0.12 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.09 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 311.30% while it is estimated to increase by 14.90% in next year.
Analysts at 6 brokerage firms have issued recommendations for the Xos Inc. (XOS)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.30. Out of those 6 Wall Street analysts, 4 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Northland Capital on June 03, 2022 offering an Outperform rating for the stock and assigned a target price of $5 to it. Coverage by BofA Securities stated Xos Inc. (XOS) stock as an Underperform in their note to investors on December 08, 2021, suggesting a price target of $3 for the stock. On December 03, 2021, Goldman Initiated their recommendations, while on October 11, 2021, Wedbush Initiated their ratings for the stock with a price target of $10. Stock get a Buy rating from Colliers Securities on September 28, 2021.