Analysts Set Xos, Inc. (NASDAQ:XOS) Target Price at $15.00

Shares of Xos, Inc. (NASDAQ:XOS) have been given a consensus rating of “Buy” by the six research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $15.00.

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

XOS Price Performance

XOS stock opened at $4.74 on Wednesday. XOS has a 52 week low of $4.40 and a 52 week high of $15.00. 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 company has a fifty day simple moving average of $4.82 and a two-hundred day simple moving average of $6.28. The firm has a market capitalization of $37.92 million, a P/E ratio of -0.61 and a beta of 1.83.

XOS (NASDAQ:XOS) last announced its earnings results 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 business had revenue of $15.54 million for the quarter, compared to the consensus estimate of $18.65 million. Analysts anticipate 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.