XOS (NASDAQ:XOS) Trading Up 9.8% – Still a Buy?

Shares of Xos, Inc. (NASDAQ:XOS) rose 9.8% during trading on Friday . The stock traded as high as $3.67 and last traded at $3.57. Approximately 33,477 shares traded hands during trading, an increase of 4% from the average daily volume of 32,039 shares. The stock had previously closed at $3.25.

Analyst Ratings Changes

Several brokerages recently weighed in on XOS. Northland Securities reissued a “market perform” rating and set a $5.00 price target (down previously from $9.00) on shares of XOS in a research report on Monday, November 25th. Roth Capital raised XOS to a “strong-buy” rating in a research report on Wednesday, October 23rd. Northland Capmk cut shares of XOS from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. Finally, 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 price target for the company. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $10.25.

XOS Stock Up 9.8 %

The business’s fifty day moving average is $3.95 and its 200-day moving average is $4.93. The company has a market cap of $28.66 million, a PE ratio of -0.53 and a beta of 1.77.

Insider Transactions at XOS

In other XOS news, CFO Liana Pogosyan sold 7,418 shares of the company’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 completion of the transaction, the chief financial officer now directly owns 61,570 shares in the company, valued at $238,275.90. This represents a 10.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Christen T. Romero sold 20,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $4.00, for a total transaction of $80,000.00. Following the sale, the general counsel now owns 207,642 shares in the company, 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. 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.