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

Shares of Xos, Inc. (NASDAQ:XOS) have been given a consensus recommendation of “Buy” by the four ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $15.00.

Several research analysts have issued reports on XOS shares. Northland Securities reaffirmed an “outperform” rating and issued a $9.00 price target (down previously from $16.00) on shares of XOS in a report on Thursday, August 15th. DA Davidson cut XOS from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $17.00 to $9.00 in a report on Friday, August 16th. Wedbush reduced their target price on XOS from $15.00 to $12.00 and set an “outperform” rating for the company in a report on Thursday, August 15th. Roth Mkm initiated coverage on XOS in a research report on Wednesday. They issued a “buy” rating and a $15.00 price target for the company. Finally, Northland Capmk upgraded XOS to a “strong-buy” rating in a report on Wednesday, October 2nd.

XOS Price Performance

NASDAQ:XOS opened at $4.58 on Wednesday. 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 business’s 50-day moving average price is $4.85 and its 200 day moving average price is $6.33. XOS has a 52-week low of $4.40 and a 52-week high of $15.00. The firm has a market cap of $36.06 million, a P/E ratio of -0.43 and a beta of 1.83.

XOS (NASDAQ:XOS) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($1.23) earnings per share for the quarter, beating the consensus estimate of ($2.27) by $1.04. XOS had a negative net margin of 76.21% and a negative return on equity of 84.60%. The company had revenue of $15.54 million during the quarter, compared to analyst estimates of $18.65 million. As a group, sell-side analysts predict that XOS will post -6.33 earnings per share for the current fiscal 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.