Insider Selling: Xos, Inc. (NASDAQ:XOS) CFO Sells $28,707.66 in Stock

Xos, Inc. (NASDAQ:XOS) 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 trade represents a 10.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

XOS Price Performance

NASDAQ XOS opened at $3.60 on Monday. The stock has a market capitalization of $28.90 million, a price-to-earnings ratio of -0.54 and a beta of 1.77. Xos, Inc. has a 1-year low of $3.50 and a 1-year high of $14.86. The business’s fifty day moving average price is $4.36 and its 200-day moving average price is $5.38.

Analysts Set New Price Targets

Several equities analysts recently issued reports on XOS shares. Roth Capital raised XOS to a “strong-buy” rating in a research report on Wednesday, October 23rd. Northland Capmk cut XOS from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Roth Mkm initiated coverage on XOS in a report on Wednesday, October 23rd. They set a “buy” rating and a $15.00 price target on the stock. Finally, Northland Securities reissued a “market perform” rating and set a $5.00 price target (down from $9.00) on shares of XOS in a report on Monday, November 25th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $10.25.

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.