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

Shares of Xos, Inc. (NASDAQ:XOS) have received an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $10.25.

XOS has been the subject of several recent research reports. Roth Mkm initiated coverage on XOS in a research note on Wednesday, October 23rd. They issued a “buy” rating and a $15.00 price target for the company. Northland Capmk cut XOS from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Roth Capital upgraded shares of XOS to a “strong-buy” rating in a report on Wednesday, October 23rd. Finally, Northland Securities reaffirmed a “market perform” rating and issued a $5.00 price objective (down from $9.00) on shares of XOS in a research note on Monday, November 25th.

Insiders Place Their Bets

In other news, 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 completion of the sale, the chief financial officer now directly owns 61,570 shares in the company, valued at $238,275.90. This trade represents a 10.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Christen T. Romero sold 20,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $4.00, for a total value of $80,000.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 39.50% of the stock is currently owned by corporate insiders.

XOS Price Performance

Shares of XOS stock opened at $3.18 on Friday. The stock has a market cap of $25.54 million, a price-to-earnings ratio of -0.48 and a beta of 1.81. XOS has a twelve month low of $2.92 and a twelve month high of $14.86. The company’s fifty day moving average is $3.39 and its 200 day moving average is $4.38.

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.