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XOS stock icon

Xos
XOS

$8.74
1.1%
 

About: Xos Inc is an electric mobility company. It designs and develops fully electric battery mobility systems specifically for commercial fleets. The company's primary focus is on medium- and heavy-duty commercial vehicles that travel on last mile routes. The company leverages its proprietary technologies to provide commercial fleets zero emission vehicles that are easier to maintain and more cost-efficient on a total cost of ownership basis than internal combustion engine and commercial EV counterparts.

Employees: 161

0
Funds holding %
of 6,474 funds
0
Analysts bullish %
of 4 analysts
0
News positive %
of 9 articles

Fund manager confidence

Based on 2023 Q4 SEC filings by fund managers ($100M+ AUM)

0.85% less ownership

Funds ownership: 2.57% [Q3] → 1.72% (-0.85%) [Q4]

48% less capital invested

Capital invested by funds: $1.55M [Q3] → $808K (-$746K) [Q4]

64% less funds holding

Funds holding: 39 [Q3] → 14 (-25) [Q4]

96% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 26

100% less repeat investments, than reductions

Existing positions increased: 0 | Existing positions reduced: 13

Research analyst outlook

4 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$13
49%
upside
Avg. target
$21
136%
upside
High target
$30
243%
upside

4 analyst ratings

positive
75%
neutral
25%
negative
0%
DA Davidson
Michael Shlisky
95%upside
$17
Buy
Upgraded
1 Apr 2024
Wedbush
Daniel Ives
49%upside
$13
Outperform
Maintained
16 Jan 2024
Benchmark
Michael Ward
243%upside
$30
Speculative Hold
Downgraded
13 Nov 2023
Northland Capital Markets
Donovan Schafer
157%upside
$22.5
Outperform
Upgraded
10 Nov 2023

Financial journalist opinion

Based on 9 articles about XOS published over the past 30 days

Neutral
Accesswire
3 weeks ago
Market Leader Xos Positioned for Strong 2024 by Gross Margin Improvement and Pending Acquisition
Full Year Revenue increased 22% year-over-year Strong positive gross margins in the third and fourth quarters of 2023 Entered into a definitive agreement to acquire ElectraMeccanica and significantly strengthen Xos' balance sheet LOS ANGELES, CA / ACCESSWIRE / March 21, 2024 / Xos, Inc. (NASDAQ:XOS) ("Xos" or the "Company"), a leading electric truck manufacturer and fleet services provider, today reported financial results for the fourth quarter and year ended December 31, 2023. Full Year 2023 Highlights: 2023 revenue improved significantly to $44.5 million from $36.4 million in 2022 Achieved positive gross margins in the third and fourth quarters of 2023, supported by the release of an updated stepvan platform Bolstered position as the EV stepvan market leader with deliveries of 283 units to the largest fleets in North America, including FedEx Ground, UPS, Loomis, Canada Post, UniFirst, and Penske Reduced quarterly operating expenses by 43% in two years Subsequent to year end, entered into a definitive arrangement agreement to acquire ElectraMeccanica in an all-stock transaction that is expected to include over $45 million in cash to support Xos' ongoing operations Subsequent to year end, announced the updated Xos Hub™, a rapidly deployable charging unit designed to help expedite the electrification of fleets with 280kWh of energy capacity and charging rates of up to 160kW Dakota Semler, Chief Executive Officer of Xos, commented, "Last year was a year of positive milestones for Xos.
Market Leader Xos Positioned for Strong 2024 by Gross Margin Improvement and Pending Acquisition