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

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

Several analysts recently weighed in on the stock. Roth Capital upgraded shares of XOS to a “strong-buy” rating in a research report on Wednesday, October 23rd. Northland Capmk downgraded XOS from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Roth Mkm initiated coverage on XOS in a research report on Wednesday, October 23rd. They issued a “buy” rating and a $15.00 target price on the stock. Finally, Northland Securities reiterated a “market perform” rating and set a $5.00 price target (down previously from $9.00) on shares of XOS in a research report on Monday, November 25th.

XOS Stock Down 0.6 %

XOS stock opened at $3.60 on Thursday. The company has a market capitalization of $28.90 million, a PE ratio of -0.54 and a beta of 1.77. The stock’s 50 day moving average is $4.36 and its two-hundred day moving average is $5.39. XOS has a 52-week low of $3.50 and a 52-week high of $14.86.

Insiders Place Their Bets

In other XOS news, General Counsel Christen T. Romero sold 20,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $4.00, for a total transaction of $80,000.00. Following the sale, the general counsel now directly owns 207,642 shares of the company’s stock, valued at approximately $830,568. This represents a 8.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Liana Pogosyan sold 7,418 shares of XOS stock in a transaction that occurred 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 transaction, the chief financial officer now owns 61,570 shares of the company’s stock, valued at $238,275.90. This trade 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.

XOS Company Profile

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.