Xos, Inc. (NASDAQ:XOS) Receives Consensus Rating of “Moderate Buy” from Analysts

Xos, Inc. (NASDAQ:XOS) has earned an average rating of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $10.25.

Several analysts recently issued reports on the stock. Northland Capmk lowered shares of XOS from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. 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 report on Monday, November 25th. Roth Mkm started coverage on XOS in a report on Wednesday, October 23rd. They set a “buy” rating and a $15.00 price target for the company. Finally, Roth Capital raised XOS to a “strong-buy” rating in a research note on Wednesday, October 23rd.

XOS Stock Up 9.8 %

Shares of XOS stock opened at $3.57 on Monday. XOS has a 12-month low of $2.92 and a 12-month high of $14.86. The company has a market capitalization of $28.66 million, a price-to-earnings ratio of -0.53 and a beta of 1.77. The firm’s 50-day moving average price is $3.95 and its two-hundred day moving average price is $4.93.

Insider Buying and Selling

In other XOS news, CFO Liana Pogosyan sold 7,418 shares of the company’s 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 completion of the transaction, the chief financial officer now directly owns 61,570 shares in the company, valued at approximately $238,275.90. This represents a 10.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 transaction, the general counsel now directly owns 207,642 shares of the company’s stock, valued at $830,568. The trade was a 8.79 % decrease in their position. The disclosure for this sale can be found here. 39.50% of the stock is currently owned by corporate insiders.

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.