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

Shares of Xos, Inc. (NASDAQ:XOS) have been assigned a consensus recommendation of “Buy” from the six ratings firms that are currently covering the company, Marketbeat Ratings 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 objective among analysts that have issued ratings on the stock in the last year is $11.25.

Several equities analysts recently commented on the stock. Roth Mkm initiated coverage on shares of XOS in a report on Wednesday, October 23rd. They set a “buy” rating and a $15.00 price target on the stock. Roth Capital upgraded XOS to a “strong-buy” rating in a report on Wednesday, October 23rd. Wedbush dropped their price objective on XOS from $15.00 to $12.00 and set an “outperform” rating for the company in a report on Thursday, August 15th. Northland Securities reiterated an “outperform” rating and issued a $9.00 target price (down previously from $16.00) on shares of XOS in a research note on Thursday, August 15th. Finally, DA Davidson downgraded shares of XOS from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $17.00 to $9.00 in a research note on Friday, August 16th.

XOS Trading Down 4.9 %

XOS stock opened at $4.23 on Friday. XOS has a twelve month low of $4.00 and a twelve month high of $14.86. The stock has a market capitalization of $33.86 million, a price-to-earnings ratio of -0.63 and a beta of 1.81. The company has a quick ratio of 2.93, a current ratio of 4.99 and a debt-to-equity ratio of 0.34. The firm’s fifty day simple moving average is $4.65 and its two-hundred day simple moving average is $5.92.

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.