Equities researchers at Roth Mkm initiated coverage on shares of XOS (NASDAQ:XOS – Get Free Report) in a research report issued on Wednesday, Marketbeat.com reports. The brokerage set a “buy” rating and a $15.00 price target on the stock. Roth Mkm’s price objective would suggest a potential upside of 208.64% from the stock’s previous close.
XOS has been the topic of a number of other research reports. Northland Capmk raised shares of XOS to a “strong-buy” rating in a research note on Wednesday, October 2nd. DA Davidson cut shares of XOS from a “buy” rating to a “neutral” rating and cut their price objective for the company from $17.00 to $9.00 in a research report on Friday, August 16th. Wedbush cut their price objective on shares of XOS from $15.00 to $12.00 and set an “outperform” rating on the stock in a research report on Thursday, August 15th. Finally, Northland Securities reiterated an “outperform” rating and set a $9.00 price objective (down previously from $16.00) on shares of XOS in a research report on Thursday, August 15th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $15.00.
Get Our Latest Stock Analysis on XOS
XOS Trading Up 1.0 %
XOS (NASDAQ:XOS – Get Free Report) last released its quarterly earnings results on Tuesday, August 13th. The company reported ($1.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.27) by $1.04. The company had revenue of $15.54 million for the quarter, compared to the consensus estimate of $18.65 million. XOS had a negative net margin of 76.21% and a negative return on equity of 84.60%. Research analysts forecast that XOS will post -6.33 EPS for the current 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.
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