Xos, Inc. (NASDAQ:XOS) Receives $10.25 Consensus Price Target from Brokerages

Xos, Inc. (NASDAQ:XOS) has earned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating 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 have commented on the stock. Northland Capmk cut shares of XOS from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Roth Mkm assumed 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 restated a “market perform” rating and set a $5.00 target price (down previously from $9.00) on shares of XOS in a report on Monday, November 25th. Finally, Roth Capital upgraded XOS to a “strong-buy” rating in a research report on Wednesday, October 23rd.

XOS Trading Down 0.6 %

Shares of NASDAQ:XOS opened at $3.60 on Thursday. XOS has a 1-year low of $3.50 and a 1-year high of $14.86. The stock has a market capitalization of $28.90 million, a P/E ratio of -0.54 and a beta of 1.77. The business has a 50-day moving average price of $4.36 and a two-hundred day moving average price of $5.39.

Insiders Place Their Bets

In other news, General Counsel Christen T. Romero sold 20,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $4.00, for a total value of $80,000.00. Following the completion of the transaction, the general counsel now 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 legal filing with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $3.87, for a total value of $28,707.66. Following the sale, 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. Corporate 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.