XOS (XOS) Projected to Post Earnings on Thursday

XOS (NASDAQ:XOS) is projected to post its quarterly earnings results before the market opens on Thursday, March 20th. Analysts expect XOS to post earnings of ($1.13) per share and revenue of $20.89 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

XOS Stock Down 2.5 %

XOS stock opened at $3.53 on Wednesday. The company has a market cap of $28.34 million, a PE ratio of -0.53 and a beta of 1.67. The business has a 50-day simple moving average of $3.61 and a 200 day simple moving average of $4.04. XOS has a 52 week low of $2.92 and a 52 week high of $12.85.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Northland Securities reaffirmed a “market perform” rating and issued a $5.00 price target (down previously from $9.00) on shares of XOS in a research note on Monday, November 25th. Northland Capmk cut XOS from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $10.25.

XOS Company Profile

Xos, Inc is an electric mobility company engaged in manufacturing electric trucks. The firm designs and develops fully electric battery mobility systems specifically for commercial fleets. The company was founded by Dakota Semler and Giordano Sordoni on July 29, 2020 and is headquartered in Los Angeles, CA.