Analysts Set Xos, Inc. (NASDAQ:XOS) Price Target at $10.25

Xos, Inc. (NASDAQ:XOS) has been given an average rating of “Moderate Buy” by the six brokerages that are covering the company, Marketbeat.com reports. Three investment 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 1 year price target among brokers that have updated their coverage on the stock in the last year is $10.25.

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

Insider Activity at XOS

In related news, CFO Liana Pogosyan sold 7,418 shares of the firm’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 of the company’s stock, valued at approximately $238,275.90. This trade represents a 10.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Christen T. Romero sold 20,000 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $4.00, for a total value of $80,000.00. Following the transaction, the general counsel now owns 207,642 shares of the company’s stock, valued at approximately $830,568. The trade was a 8.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 39.50% of the company’s stock.

XOS Stock Down 0.6 %

Shares of NASDAQ:XOS opened at $3.55 on Monday. XOS has a 52-week low of $2.92 and a 52-week high of $14.86. The company has a 50 day moving average of $3.89 and a two-hundred day moving average of $4.86. The company has a market capitalization of $28.50 million, a price-to-earnings ratio of -0.53 and a beta of 1.81.

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.