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

Xos, Inc. (NASDAQ:XOS) has received an average recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat.com reports. Three 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. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $10.25.

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

XOS Stock Up 2.7 %

NASDAQ XOS opened at $3.08 on Friday. The company has a 50-day moving average price of $3.44 and a 200-day moving average price of $4.41. XOS has a 52 week low of $2.92 and a 52 week high of $14.86. The firm has a market capitalization of $24.73 million, a P/E ratio of -0.46 and a beta of 1.81.

Insider Activity at XOS

In related news, General Counsel Christen T. Romero sold 20,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was 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 of the company’s stock, 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 this link. Also, CFO Liana Pogosyan sold 7,418 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 61,570 shares of the company’s stock, valued at $238,275.90. This represents a 10.75 % decrease in their position. The disclosure for this sale can be found here. 39.50% of the stock is owned by corporate 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.