XOS (NASDAQ:XOS) Coverage Initiated at Roth Mkm

Roth Mkm began coverage on shares of XOS (NASDAQ:XOS) in a report published on Wednesday, Marketbeat.com reports. The firm issued a buy rating and a $15.00 price objective on the stock.

A number of other equities research analysts also recently issued reports on XOS. Northland Capmk raised XOS to a “strong-buy” rating in a research report on Wednesday, October 2nd. Northland Securities reissued an “outperform” rating and set a $9.00 target price (down from $16.00) on shares of XOS in a report on Thursday, August 15th. DA Davidson downgraded XOS from a “buy” rating to a “neutral” rating and dropped their price target for the company from $17.00 to $9.00 in a research note on Friday, August 16th. Finally, Wedbush reduced their price objective on shares of XOS from $15.00 to $12.00 and set an “outperform” rating on the stock in a research note on Thursday, August 15th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $15.00.

XOS Stock Down 2.5 %

XOS opened at $4.74 on Wednesday. The stock has a fifty day moving average of $4.82 and a 200-day moving average of $6.28. The company has a market capitalization of $37.92 million, a P/E ratio of -0.61 and a beta of 1.83. XOS has a fifty-two week low of $4.40 and a fifty-two week high of $15.00. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.93 and a current ratio of 4.99.

XOS (NASDAQ:XOS) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($1.23) earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $18.65 million. On average, equities analysts expect that XOS will post -6.33 EPS for the current year.

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.