Xos, Inc. (NASDAQ:XOS) Receives $15.00 Average PT from Brokerages

Shares of Xos, Inc. (NASDAQ:XOS) have earned an average recommendation of “Buy” from the six research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, three have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $15.00.

Several equities research analysts have issued reports on XOS shares. DA Davidson cut shares of XOS from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $17.00 to $9.00 in a research note on Friday, August 16th. Wedbush dropped their price objective on shares of XOS from $15.00 to $12.00 and set an “outperform” rating for the company in a research note on Thursday, August 15th. Roth Capital raised shares of XOS to a “strong-buy” rating in a research note on Wednesday. Roth Mkm initiated coverage on shares of XOS in a research note on Wednesday. They set a “buy” rating and a $15.00 price objective for the company. Finally, Northland Securities reaffirmed an “outperform” rating and set a $9.00 price objective (down previously from $16.00) on shares of XOS in a research note on Thursday, August 15th.

XOS Price Performance

NASDAQ:XOS opened at $4.74 on Wednesday. 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 firm has a market cap of $37.92 million, a price-to-earnings ratio of -0.61 and a beta of 1.83. The company has a 50 day moving average price of $4.82 and a 200-day moving average price of $6.28. XOS has a 1-year low of $4.40 and a 1-year high of $15.00.

XOS (NASDAQ:XOS) last released its earnings results on Tuesday, August 13th. The company reported ($1.23) EPS for the quarter, topping analysts’ consensus estimates of ($2.27) by $1.04. The business had revenue of $15.54 million during the quarter, compared to analysts’ expectations of $18.65 million. XOS had a negative net margin of 76.21% and a negative return on equity of 84.60%. Equities research analysts forecast 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.