XOS (NASDAQ:XOS) Lifted to “Strong-Buy” at Roth Capital

Roth Capital upgraded shares of XOS (NASDAQ:XOS) to a strong-buy rating in a research note issued to investors on Wednesday morning, Zacks.com reports.

Several other equities research analysts have also issued reports on the stock. DA Davidson lowered shares of XOS from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $17.00 to $9.00 in a research note on Friday, August 16th. Northland Securities restated an “outperform” rating and issued a $9.00 target price (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 set a “buy” rating and a $15.00 price target for the company. Wedbush lowered their price objective on XOS from $15.00 to $12.00 and set an “outperform” rating on the stock in a research note on Thursday, August 15th. Finally, Northland Capmk raised shares of XOS to a “strong-buy” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $15.00.

XOS Stock Performance

Shares of XOS stock opened at $4.74 on Wednesday. The business’s fifty day simple moving average is $4.82 and its 200 day simple moving average is $6.28. The company has a current ratio of 4.99, a quick ratio of 2.93 and a debt-to-equity ratio of 0.34. XOS has a 12 month low of $4.40 and a 12 month high of $15.00. The firm has a market capitalization of $37.92 million, a P/E ratio of -0.61 and a beta of 1.83.

XOS (NASDAQ:XOS) last issued its quarterly earnings results on Tuesday, August 13th. The company reported ($1.23) earnings per share for the quarter, topping 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%. As a group, analysts anticipate that XOS will post -6.33 EPS for the current 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.