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

Shares of Xos, Inc. (NASDAQ:XOS) have been assigned an average rating of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $10.25.

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

XOS Trading Down 2.8 %

XOS stock opened at $3.45 on Monday. The firm has a 50 day simple moving average of $3.85 and a 200-day simple moving average of $4.80. The company has a market capitalization of $27.70 million, a P/E ratio of -0.52 and a beta of 1.81. XOS has a twelve month low of $2.92 and a twelve month high of $14.86.

Insider Activity

In related news, General Counsel Christen T. Romero sold 20,000 shares of XOS 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 sale, the general counsel now directly owns 207,642 shares in the company, valued at $830,568. This trade represents a 8.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Liana Pogosyan sold 7,418 shares of the company’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. This trade represents a 10.75 % 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

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.