Xos, Inc. (NASDAQ:XOS) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Xos, Inc. (NASDAQ:XOS) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $10.25.

Several equities analysts recently weighed in on the stock. Northland Capmk cut shares of XOS from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. Roth Capital raised shares of XOS to a “strong-buy” rating in a research report on Wednesday, October 23rd. Northland Securities reaffirmed a “market perform” rating and issued a $5.00 target price (down from $9.00) on shares of XOS in a report on Monday, November 25th. Finally, Roth Mkm initiated coverage on XOS in a report on Wednesday, October 23rd. They set a “buy” rating and a $15.00 price target for the company.

Insider Transactions at XOS

In other news, General Counsel Christen T. Romero sold 20,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $4.00, for a total value of $80,000.00. Following the completion of the sale, the general counsel now owns 207,642 shares of the company’s stock, valued at approximately $830,568. The trade was a 8.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Liana Pogosyan sold 7,418 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $3.87, for a total transaction of $28,707.66. Following the completion of the transaction, the chief financial officer now owns 61,570 shares in the company, valued at $238,275.90. This trade represents a 10.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 39.50% of the stock is currently owned by corporate insiders.

XOS Stock Performance

Shares of NASDAQ XOS opened at $3.57 on Monday. The stock has a 50 day moving average price of $3.95 and a 200 day moving average price of $4.93. The stock has a market capitalization of $28.66 million, a PE ratio of -0.53 and a beta of 1.77. XOS has a 52 week low of $2.92 and a 52 week high of $14.86.

XOS Company Profile

Xos, Inc designs, manufactures, and sells battery-electric commercial vehicles. The company provides class 5-6 medium duty rolling chassis, such as commercial stepvans and armored trucks; class 7-8 heavy duty chassis; and Xos product development. It offers Xos provides mix-use powertrain solutions for off-highway, industrial and other commercial equipment, and specialty vehicles, such as school buses, medical and dental clinics, blood donation vehicles, and mobile command vehicles.