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

Xos, Inc. (NASDAQ:XOS) has earned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $10.25.

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

XOS Trading Down 5.5 %

Shares of NASDAQ XOS opened at $3.25 on Thursday. XOS has a twelve month low of $3.25 and a twelve month high of $14.86. The firm has a 50-day moving average of $4.29 and a two-hundred day moving average of $5.28. The company has a market capitalization of $26.10 million, a price-to-earnings ratio of -0.49 and a beta of 1.77.

Insider Buying and Selling at XOS

In related news, General Counsel Christen T. Romero sold 20,000 shares of the firm’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 sale, the general counsel now directly owns 207,642 shares in the company, valued at approximately $830,568. This trade represents a 8.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 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 approximately $238,275.90. This represents a 10.75 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 39.50% of the company’s stock.

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.