Northland Securities Reaffirms “Market Perform” Rating for XOS (NASDAQ:XOS)

XOS (NASDAQ:XOS)‘s stock had its “market perform” rating restated by equities research analysts at Northland Securities in a research report issued to clients and investors on Monday, Marketbeat Ratings 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 indicates a potential upside of 14.16% from the stock’s previous close.

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

XOS Trading Down 2.4 %

NASDAQ XOS opened at $4.38 on Monday. The stock has a 50 day moving average of $4.56 and a 200-day moving average of $5.73. XOS has a 12 month low of $3.65 and a 12 month high of $14.86. The company 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.