XOS (NASDAQ:XOS) Trading Down 1.4%

Xos, Inc. (NASDAQ:XOS)’s share price was down 1.4% during trading on Wednesday . The stock traded as low as $6.21 and last traded at $6.26. Approximately 11,226 shares traded hands during trading, a decline of 30% from the average daily volume of 16,131 shares. The stock had previously closed at $6.35.

Analyst Ratings Changes

Separately, DA Davidson raised shares of XOS from a “neutral” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Monday, April 1st.

XOS Stock Down 1.4 %

The business’s 50 day moving average is $7.14 and its 200 day moving average is $8.33. The company has a quick ratio of 3.42, a current ratio of 5.06 and a debt-to-equity ratio of 0.29. The company has a market cap of $49.27 million, a P/E ratio of -0.58 and a beta of 1.86.

XOS (NASDAQ:XOS) last released its quarterly earnings results on Wednesday, May 15th. The company reported ($1.80) EPS for the quarter, topping the consensus estimate of ($2.19) by $0.39. The firm had revenue of $13.16 million during the quarter, compared to analyst estimates of $19.34 million. XOS had a negative return on equity of 104.27% and a negative net margin of 117.98%. As a group, equities analysts anticipate that Xos, Inc. will post -8.24 earnings per share for the current fiscal year.

XOS Company Profile

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.