Xos, Inc. (NASDAQ:XOS) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Xos, Inc. (NASDAQ:XOS) have received an average recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $10.25.

Several analysts have issued reports on XOS shares. Roth Mkm initiated coverage on shares of XOS in a research note on Wednesday, October 23rd. They issued a “buy” rating and a $15.00 target price on the stock. DA Davidson lowered XOS from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $17.00 to $9.00 in a research note on Friday, August 16th. Wedbush dropped their price target on XOS from $15.00 to $12.00 and set an “outperform” rating for the company in a research report on Thursday, August 15th. Northland Capmk cut shares of XOS from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Finally, 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 note on Monday, November 25th.

XOS Trading Down 3.0 %

Shares of XOS stock opened at $3.60 on Thursday. The stock has a fifty day simple moving average of $4.40 and a 200 day simple moving average of $5.43. XOS has a 12-month low of $3.53 and a 12-month high of $14.86. The company has a market capitalization of $28.90 million, a P/E ratio of -0.54 and a beta of 1.77.

Insider Activity

In other XOS news, General Counsel Christen T. Romero sold 20,000 shares of the stock in a transaction dated 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 owns 207,642 shares of the company’s stock, valued at $830,568. This trade represents a 8.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 39.50% of the company’s stock.

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.