Brokerages Set Xos, Inc. (NASDAQ:XOS) PT at $10.25

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

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

XOS Price Performance

Shares of XOS stock opened at $3.09 on Friday. XOS has a fifty-two week low of $2.92 and a fifty-two week high of $14.86. The firm has a market capitalization of $24.81 million, a P/E ratio of -0.46 and a beta of 1.81. The company’s 50 day moving average price is $3.47 and its two-hundred day moving average price is $4.45.

Insider Buying and Selling at XOS

In other news, CFO Liana Pogosyan sold 7,418 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was 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 of the company’s stock, valued at approximately $238,275.90. The trade was a 10.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Christen T. Romero sold 20,000 shares of the stock in a transaction on Monday, December 2nd. The stock was 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 directly owns 207,642 shares in the company, valued at $830,568. The trade was a 8.79 % decrease in their position. The disclosure for this sale can be found here. 39.50% of the stock is owned by corporate insiders.

XOS Company Profile

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.