XOS (NASDAQ:XOS) Downgraded to Hold Rating by Northland Capmk

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

Several other research analysts have also commented on the company. Roth Capital upgraded XOS to a “strong-buy” rating in a research report on Wednesday, October 23rd. Roth Mkm started coverage on shares of XOS in a report on Wednesday, October 23rd. They issued a “buy” rating and a $15.00 price objective for the company. DA Davidson lowered shares of XOS from a “buy” rating to a “neutral” rating and lowered their target price for the company from $17.00 to $9.00 in a research note on Friday, August 16th. Northland Securities restated a “market perform” rating and issued a $5.00 price target (down from $9.00) on shares of XOS in a research report on Monday. Finally, Wedbush lowered their price objective on shares of XOS from $15.00 to $12.00 and set an “outperform” rating for the company in a research report on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, XOS currently has a consensus rating of “Moderate Buy” and an average price target of $10.25.

XOS Stock Performance

Shares of XOS stock opened at $4.38 on Monday. The stock has a market capitalization of $35.17 million, a price-to-earnings ratio of -0.66 and a beta of 1.81. XOS has a one year low of $3.65 and a one year high of $14.86. The company’s 50-day simple moving average is $4.56 and its 200-day simple moving average is $5.73.

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.