Analysts Set Xos, Inc. (NASDAQ:XOS) PT at $9.00

Shares of Xos, Inc. (NASDAQ:XOS) have been given an average rating of “Moderate Buy” by the six brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $9.00.

A number of equities analysts have recently commented on XOS shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of XOS in a research report on Saturday, September 27th. Wedbush raised their target price on shares of XOS from $6.00 to $7.00 and gave the stock an “outperform” rating in a research report on Thursday, August 14th.

XOS Stock Down 1.4%

Shares of NASDAQ XOS opened at $2.89 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.22 and a quick ratio of 1.18. The company has a market cap of $25.11 million, a P/E ratio of -0.49 and a beta of 1.60. XOS has a 1 year low of $2.21 and a 1 year high of $9.15. The firm has a 50-day simple moving average of $2.87 and a two-hundred day simple moving average of $3.20.

XOS (NASDAQ:XOS) last announced its quarterly earnings data on Wednesday, August 13th. The company reported ($0.91) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.06) by $0.15. The business had revenue of $18.39 million during the quarter, compared to the consensus estimate of $13.09 million. XOS had a negative net margin of 91.56% and a negative return on equity of 147.93%. XOS has set its FY 2025 guidance at EPS. Research analysts anticipate that XOS will post -5.37 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Stuart N. Bernstein sold 14,347 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $3.07, for a total transaction of $44,045.29. Following the transaction, the director directly owned 98,158 shares of the company’s stock, valued at approximately $301,345.06. This trade represents a 12.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Emerald Green Trust sold 41,894 shares of the firm’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $3.02, for a total transaction of $126,519.88. Following the transaction, the insider directly owned 1,749,636 shares in the company, valued at approximately $5,283,900.72. This trade represents a 2.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 231,665 shares of company stock worth $633,880. Corporate insiders own 20.90% of the company’s stock.

XOS Company Profile

Xos, Inc is an electric mobility company engaged in manufacturing electric trucks. The firm designs and develops fully electric battery mobility systems specifically for commercial fleets. The company was founded by Dakota Semler and Giordano Sordoni on July 29, 2020 and is headquartered in Los Angeles, CA.