XOS (NASDAQ:XOS) Given “Market Perform” Rating at Northland Securities

XOS (NASDAQ:XOS)‘s stock had its “market perform” rating reiterated by Northland Securities in a research note issued to investors on Monday, MarketBeat reports. They presently have a $5.00 target price on the stock, down from their prior target price of $9.00. Northland Securities’ price target would suggest a potential upside of 14.16% from the stock’s current price.

A number of other research analysts have also recently issued reports on XOS. Northland Capmk upgraded XOS to a “strong-buy” rating in a research report on Wednesday, October 2nd. Wedbush cut their price target on XOS from $15.00 to $12.00 and set an “outperform” rating on the stock in a research note on Thursday, August 15th. Roth Mkm initiated coverage on XOS in a research note on Wednesday, October 23rd. They set a “buy” rating and a $15.00 price target on the stock. Roth Capital raised XOS to a “strong-buy” rating in a research note on Wednesday, October 23rd. Finally, DA Davidson lowered XOS from a “buy” rating to a “neutral” rating and cut their price target for the company from $17.00 to $9.00 in a research note on Friday, August 16th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.25.

XOS Stock Down 2.4 %

XOS stock opened at $4.38 on Monday. XOS has a 12-month low of $3.65 and a 12-month high of $14.86. The business’s 50-day moving average price is $4.56 and its two-hundred day moving average price is $5.73. The stock has a market cap of $35.17 million, a PE ratio of -0.66 and a beta of 1.81.

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.