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

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

A number of brokerages have commented on XOS. Roth Capital upgraded XOS to a “strong-buy” rating in a research report on Wednesday, October 23rd. Roth Mkm began coverage on XOS in a research report on Wednesday, October 23rd. They issued a “buy” rating and a $15.00 price objective for the company. Northland Capmk cut XOS from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Finally, Northland Securities reaffirmed a “market perform” rating and issued a $5.00 target price (down previously from $9.00) on shares of XOS in a research note on Monday, November 25th.

XOS Trading Down 2.8 %

Shares of XOS stock opened at $3.45 on Monday. XOS has a 1 year low of $2.92 and a 1 year high of $14.86. The firm’s 50 day moving average is $3.85 and its 200-day moving average is $4.83. The firm has a market capitalization of $27.70 million, a price-to-earnings ratio of -0.52 and a beta of 1.81.

Insider Buying and Selling

In other news, CFO Liana Pogosyan sold 7,418 shares of the stock in a transaction 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 sale, the chief financial officer now owns 61,570 shares of the company’s stock, valued at $238,275.90. This represents a 10.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Christen T. Romero sold 20,000 shares of the business’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 sale, the general counsel now directly owns 207,642 shares in the company, valued at $830,568. This represents 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 insiders.

About XOS

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.