Xos, Inc. (NASDAQ:XOS) Receives $10.25 Average PT from Brokerages

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

XOS has been the subject of a number of research analyst reports. Northland Capmk downgraded XOS from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Roth Mkm initiated coverage on XOS in a report on Wednesday, October 23rd. They issued a “buy” rating and a $15.00 price objective for the company. Northland Securities reaffirmed a “market perform” rating and set a $5.00 target price (down from $9.00) on shares of XOS in a report on Monday, November 25th. Finally, Roth Capital upgraded shares of XOS to a “strong-buy” rating in a research report on Wednesday, October 23rd.

XOS Price Performance

XOS stock opened at $3.55 on Monday. XOS has a 12-month low of $2.92 and a 12-month high of $14.86. The stock has a market capitalization of $28.50 million, a PE ratio of -0.53 and a beta of 1.81. The firm has a 50 day simple moving average of $3.89 and a 200-day simple moving average of $4.86.

Insider Buying and Selling at XOS

In other XOS news, CFO Liana Pogosyan sold 7,418 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $3.87, for a total value of $28,707.66. Following the transaction, the chief financial officer now owns 61,570 shares in the company, valued at approximately $238,275.90. This represents a 10.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Christen T. Romero sold 20,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the general counsel now owns 207,642 shares in the company, valued at approximately $830,568. This represents a 8.79 % decrease in their position. The disclosure for this sale can be found here. Insiders own 39.50% of the company’s stock.

About XOS

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.