Xos, Inc. (NASDAQ:XOS - Get Free Report) CFO Liana Pogosyan sold 7,418 shares of the business'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 transaction, the chief financial officer now directly owns 61,570 shares of the company's stock, valued at $238,275.90. This represents a 10.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
XOS Price Performance
XOS opened at $3.60 on Friday. Xos, Inc. has a fifty-two week low of $3.50 and a fifty-two week high of $14.86. The company has a market capitalization of $28.91 million, a P/E ratio of -0.54 and a beta of 1.77. The firm's fifty day moving average price is $4.38 and its two-hundred day moving average price is $5.42.
Analysts Set New Price Targets
Several brokerages have commented on XOS. DA Davidson lowered XOS from a "buy" rating to a "neutral" rating and cut their price target for the stock from $17.00 to $9.00 in a report on Friday, August 16th. Northland Capmk cut shares of XOS from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 25th. Roth Capital upgraded shares of XOS to a "strong-buy" rating in a research report on Wednesday, October 23rd. Roth Mkm assumed coverage on shares of XOS in a research note on Wednesday, October 23rd. They issued a "buy" rating and a $15.00 target price for the company. Finally, Northland Securities restated a "market perform" rating and set a $5.00 price target (down from $9.00) on shares of XOS in a research note on Monday, November 25th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, XOS presently has a consensus rating of "Moderate Buy" and an average price target of $10.25.
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XOS Company Profile
(
Get Free Report)
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.
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