Xos, Inc. (NASDAQ:XOS – Get Rating) has been assigned a consensus recommendation of “Hold” from the seven analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $6.95.
A number of brokerages have recently commented on XOS. Zacks Investment Research cut shares of XOS from a “buy” rating to a “hold” rating in a research report on Friday, April 1st. Northland Securities assumed coverage on shares of XOS in a research note on Friday, June 3rd. They set an “outperform” rating and a $5.00 target price for the company.
In other XOS news, CTO Robert Ferber sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, March 21st. The stock was sold at an average price of $3.04, for a total value of $152,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 54.60% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in the stock. Citigroup Inc. acquired a new position in shares of XOS during the 1st quarter valued at about $31,000. Bank of America Corp DE bought a new position in shares of XOS during the 1st quarter worth approximately $41,000. TIG Advisors LLC bought a new position in XOS in the 3rd quarter valued at $47,000. Penserra Capital Management LLC bought a new stake in shares of XOS during the third quarter worth $47,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of XOS during the third quarter worth $53,000. Institutional investors and hedge funds own 12.07% of the company’s stock.
Analyst says this stock could make quick strides with its unbelievable assets.
Shares of XOS stock traded up $0.13 during trading hours on Wednesday, hitting $2.85. The company’s stock had a trading volume of 3,751 shares, compared to its average volume of 394,342. The company has a 50 day moving average of $2.81 and a 200 day moving average of $2.79. XOS has a 12-month low of $1.92 and a 12-month high of $10.08.
XOS (NASDAQ:XOS – Get Rating) last posted its earnings results on Monday, March 28th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.03. The firm had revenue of $3.30 million during the quarter, compared to analyst estimates of $3.10 million. As a group, sell-side analysts forecast that XOS will post -0.49 earnings per share for the current year.
About XOS (Get Rating)
Xos, Inc, a mobility solutions company, manufactures and sells battery-electric commercial vehicles. It offers a range of services to facilitate the transition of fleets to electric vehicles, including charging infrastructure, vehicle maintenance, financing, and service. The company was founded in 2020 and is headquartered in Los Angeles, California.
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Read More: Xos, Inc. (NASDAQ:XOS) Receives Average Recommendation of “Hold” from Analysts