XOS (NASDAQ:XOS) Rating Lowered to “Hold” at Northland Capmk

XOS (NASDAQ:XOS) was downgraded by research analysts at Northland Capmk from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Several other brokerages also recently issued reports on XOS. Roth Capital raised shares of XOS to a “strong-buy” rating in a report on Wednesday, October 23rd. Northland Securities reaffirmed a “market perform” rating and issued a $5.00 target price (down previously from $9.00) on shares of XOS in a research note on Monday. DA Davidson downgraded XOS from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $17.00 to $9.00 in a research report on Friday, August 16th. Roth Mkm initiated coverage on XOS in a report on Wednesday, October 23rd. They issued a “buy” rating and a $15.00 price target for the company. Finally, Wedbush decreased their price objective on XOS from $15.00 to $12.00 and set an “outperform” rating on the stock in a research note on Thursday, August 15th. Three 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. Based on data from MarketBeat.com, XOS presently has an average rating of “Moderate Buy” and a consensus price target of $10.25.

XOS Stock Performance

Shares of NASDAQ XOS opened at $4.38 on Monday. XOS has a one year low of $3.65 and a one year high of $14.86. The firm has a market capitalization of $35.17 million, a P/E ratio of -0.66 and a beta of 1.81. The company’s fifty day moving average is $4.56 and its two-hundred day moving average is $5.73.

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.