Liana Pogosyan Sells 7,418 Shares of Xos, Inc. (NASDAQ:XOS) Stock

Xos, Inc. (NASDAQ:XOS) CFO Liana Pogosyan sold 7,418 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was 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 approximately $238,275.90. This represents a 10.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

XOS Stock Performance

NASDAQ:XOS opened at $3.60 on Friday. The company has a market cap of $28.90 million, a PE ratio of -0.54 and a beta of 1.77. Xos, Inc. has a 52-week low of $3.50 and a 52-week high of $14.86. The stock has a 50-day simple moving average of $4.36 and a 200 day simple moving average of $5.39.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on XOS. Northland Capmk lowered XOS from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Roth Capital raised XOS to a “strong-buy” rating in a research report on Wednesday, October 23rd. Northland Securities reaffirmed 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. Finally, Roth Mkm began coverage on XOS in a research report on Wednesday, October 23rd. They set a “buy” rating and a $15.00 price target on the stock. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $10.25.

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.