Xos, Inc. (NASDAQ:XOS) Receives $11.25 Average Price Target from Brokerages

Xos, Inc. (NASDAQ:XOS) has received a consensus recommendation of “Buy” from the six research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $11.25.

Several equities research analysts recently commented on XOS shares. Northland Capmk raised shares of XOS to a “strong-buy” rating in a research note on Wednesday, October 2nd. Roth Capital upgraded XOS to a “strong-buy” rating in a research note on Wednesday, October 23rd. Wedbush reduced their price objective on XOS from $15.00 to $12.00 and set an “outperform” rating for the company in a research report on Thursday, August 15th. DA Davidson downgraded XOS from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $17.00 to $9.00 in a report on Friday, August 16th. Finally, Northland Securities restated an “outperform” rating and set a $9.00 price target (down from $16.00) on shares of XOS in a report on Thursday, August 15th.

XOS Stock Performance

XOS stock opened at $3.80 on Friday. XOS has a fifty-two week low of $3.68 and a fifty-two week high of $14.86. The stock’s 50 day simple moving average is $4.63 and its two-hundred day simple moving average is $5.87. The stock has a market cap of $30.40 million, a price-to-earnings ratio of -0.57 and a beta of 1.81.

About XOS

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.