Liana Pogosyan Sells 7,418 Shares of Xos, Inc. (NASDAQ:XOS) Stock

Xos, Inc. (NASDAQ:XOS) 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 completion of the transaction, the chief financial officer now owns 61,570 shares of the company’s stock, valued at approximately $238,275.90. This represents a 10.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

XOS Trading Down 0.6 %

Shares of NASDAQ XOS opened at $3.60 on Friday. Xos, Inc. has a 12 month low of $3.50 and a 12 month high of $14.86. The stock has a 50 day moving average of $4.36 and a 200-day moving average of $5.39. The company has a market capitalization of $28.90 million, a P/E ratio of -0.54 and a beta of 1.77.

Analysts Set New Price Targets

XOS has been the subject of a number of analyst reports. Northland Securities restated a “market perform” rating and issued a $5.00 price target (down from $9.00) on shares of XOS in a research note on Monday, November 25th. Roth Capital upgraded XOS to a “strong-buy” rating in a research note on Wednesday, October 23rd. Roth Mkm assumed coverage on XOS in a research note on Wednesday, October 23rd. They issued a “buy” rating and a $15.00 price target for the company. Finally, Northland Capmk downgraded XOS from a “strong-buy” rating to a “hold” rating 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’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.