Xos, Inc. (NASDAQ:XOS) Receives Consensus Recommendation of “Buy” from Analysts

Xos, Inc. (NASDAQ:XOS) has received an average rating of “Buy” from the four analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $15.00.

A number of equities analysts have recently weighed in on the stock. Northland Capmk raised shares of XOS to a “strong-buy” rating in a research note on Wednesday, October 2nd. Wedbush lowered their target price on XOS from $15.00 to $12.00 and set an “outperform” rating on the stock in a research note on Thursday, August 15th. Northland Securities reaffirmed an “outperform” rating and set a $9.00 price target (down from $16.00) on shares of XOS in a research note on Thursday, August 15th. Roth Mkm started coverage on XOS in a research note on Wednesday. They issued a “buy” rating and a $15.00 price target for the company. Finally, DA Davidson downgraded XOS from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $17.00 to $9.00 in a report on Friday, August 16th.

XOS Trading Down 1.5 %

NASDAQ:XOS opened at $4.58 on Wednesday. The stock’s 50-day moving average is $4.85 and its two-hundred day moving average is $6.33. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.99 and a quick ratio of 2.93. The stock has a market cap of $36.06 million, a PE ratio of -0.43 and a beta of 1.83. XOS has a fifty-two week low of $4.40 and a fifty-two week high of $15.00.

XOS (NASDAQ:XOS) last announced its quarterly earnings data on Tuesday, August 13th. The company reported ($1.23) EPS for the quarter, beating analysts’ consensus estimates of ($2.27) by $1.04. XOS had a negative net margin of 76.21% and a negative return on equity of 84.60%. The firm had revenue of $15.54 million for the quarter, compared to the consensus estimate of $18.65 million. As a group, equities research analysts forecast that XOS will post -6.33 earnings per share for the current fiscal year.

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.