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

Shares of Xos, Inc. (NASDAQ:XOS) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $10.25.

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

XOS Stock Performance

XOS stock opened at $3.45 on Monday. XOS has a twelve month low of $2.92 and a twelve month high of $14.86. The firm has a market cap of $27.70 million, a PE ratio of -0.52 and a beta of 1.81. The firm’s 50 day moving average price is $3.85 and its two-hundred day moving average price is $4.83.

Insider Activity

In other XOS news, CFO Liana Pogosyan sold 7,418 shares of the firm’s stock in a transaction dated 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 in the company, valued at $238,275.90. This trade represents a 10.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Christen T. Romero sold 20,000 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $830,568. This represents a 8.79 % decrease in their position. The disclosure for this sale can be found here. 39.50% of the stock is owned by company insiders.

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.