Xos, Inc. (NASDAQ:XOS) Given Average Rating of “Moderate Buy” by Analysts

Shares of Xos, Inc. (NASDAQ:XOSGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $10.25.

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

Read Our Latest Report on XOS

XOS Price Performance

XOS stock opened at $3.01 on Friday. The business has a 50 day moving average of $3.52 and a 200-day moving average of $4.50. The company has a market capitalization of $24.17 million, a P/E ratio of -0.45 and a beta of 1.81. XOS has a 1 year low of $2.92 and a 1 year high of $14.86.

Insider Activity

In other XOS news, 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 value of $28,707.66. Following the completion of the sale, the chief financial officer now directly owns 61,570 shares of the company’s stock, valued at approximately $238,275.90. This represents a 10.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Christen T. Romero sold 20,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $4.00, for a total transaction 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. This trade represents a 8.79 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 39.50% of the company’s stock.

XOS Company Profile

(Get Free Report

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.

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Analyst Recommendations for XOS (NASDAQ:XOS)

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