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

Shares of Xos, Inc. (NASDAQ:XOS) have earned a consensus rating of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat.com reports. Three equities 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 1-year price objective among brokers that have issued a report on the stock in the last year is $10.25.

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

Insider Buying and Selling at XOS

In other news, General Counsel Christen T. Romero sold 20,000 shares of the company’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 in the company, 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 is accessible through the SEC website. Also, 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 value 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. The trade was a 10.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 39.50% of the company’s stock.

XOS Stock Performance

NASDAQ XOS opened at $3.18 on Friday. The company has a market cap of $25.54 million, a price-to-earnings ratio of -0.48 and a beta of 1.81. The company has a 50 day moving average of $3.39 and a 200-day moving average of $4.38. XOS has a 1-year low of $2.92 and a 1-year high of $14.86.

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.