Xos, Inc. (NASDAQ:XOS) Given Average Rating of “Moderate Buy” by Analysts

Shares of Xos, Inc. (NASDAQ:XOS) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $10.25.

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

Insiders Place Their Bets

In other XOS news, CFO Liana Pogosyan sold 7,418 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $3.87, for a total value of $28,707.66. Following the completion of the sale, the chief financial officer now owns 61,570 shares in the company, valued at approximately $238,275.90. This trade represents a 10.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Christen T. Romero sold 20,000 shares of XOS stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $4.00, for a total value of $80,000.00. Following the sale, the general counsel now directly owns 207,642 shares in the company, valued at $830,568. The trade was a 8.79 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 39.50% of the company’s stock.

XOS Trading Down 5.5 %

Shares of NASDAQ:XOS opened at $3.25 on Thursday. XOS has a 1 year low of $3.25 and a 1 year high of $14.86. The firm has a fifty day moving average price of $4.29 and a 200 day moving average price of $5.28. The stock has a market capitalization of $26.10 million, a PE ratio of -0.49 and a beta of 1.77.

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.