Xos, Inc. (NASDAQ:XOS – Get Free Report) has earned an average recommendation of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $10.25.
A number of research analysts have weighed in on the stock. Roth Capital upgraded shares of XOS to a “strong-buy” rating in a research note on Wednesday, October 23rd. Roth Mkm assumed coverage on XOS in a report on Wednesday, October 23rd. They set a “buy” rating and a $15.00 price objective for the company. Northland Securities reissued a “market perform” rating and issued a $5.00 target price (down from $9.00) on shares of XOS in a research report on Monday, November 25th. Finally, Northland Capmk cut XOS from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th.
XOS Stock Performance
Insider Activity at XOS
In other XOS news, CFO Liana Pogosyan sold 7,418 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $3.87, for a total value of $28,707.66. Following the sale, the chief financial officer now directly owns 61,570 shares in the company, valued at $238,275.90. This represents a 10.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Christen T. Romero sold 20,000 shares of the firm’s stock in a transaction 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 transaction, the general counsel now directly 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. 39.50% of the stock is owned by company 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.
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