XOS (NASDAQ:XOS) Issues Quarterly Earnings Results, Misses Expectations By $1.23 EPS

XOS (NASDAQ:XOS) released its earnings results on Friday. The company reported ($2.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.13) by ($1.23), Zacks reports. XOS had a negative return on equity of 80.70% and a negative net margin of 71.59%.

XOS Price Performance

NASDAQ:XOS traded down $0.12 on Friday, hitting $3.44. 1,026,742 shares of the company’s stock were exchanged, compared to its average volume of 433,217. XOS has a 52 week low of $2.92 and a 52 week high of $11.14. The company has a market cap of $27.62 million, a P/E ratio of -0.51 and a beta of 1.67. The firm has a 50-day moving average price of $3.67 and a 200-day moving average price of $4.00.

About XOS

Xos, Inc is an electric mobility company engaged in manufacturing electric trucks. The firm designs and develops fully electric battery mobility systems specifically for commercial fleets. The company was founded by Dakota Semler and Giordano Sordoni on July 29, 2020 and is headquartered in Los Angeles, CA.