Roth Mkm Begins Coverage on XOS (NASDAQ:XOS)

Roth Mkm began coverage on shares of XOS (NASDAQ:XOS) in a research report sent to investors on Wednesday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $15.00 price objective on the stock.

Several other equities research analysts have also recently commented on XOS. Northland Capmk upgraded XOS to a “strong-buy” rating in a research note on Wednesday, October 2nd. Northland Securities reaffirmed an “outperform” rating and issued a $9.00 target price (down previously from $16.00) on shares of XOS in a research report on Thursday, August 15th. DA Davidson cut shares of XOS from a “buy” rating to a “neutral” rating and cut their price target for the stock from $17.00 to $9.00 in a research report 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 for the company in a research note on Thursday, August 15th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, XOS presently has a consensus rating of “Buy” and an average target price of $15.00.

XOS Stock Down 2.5 %

XOS stock opened at $4.74 on Wednesday. The company has a 50 day moving average of $4.82 and a 200-day moving average of $6.28. The company has a quick ratio of 2.93, a current ratio of 4.99 and a debt-to-equity ratio of 0.34. XOS has a twelve month low of $4.40 and a twelve month high of $15.00. The stock has a market capitalization of $37.92 million, a PE ratio of -0.61 and a beta of 1.83.

XOS (NASDAQ:XOS) last announced its earnings results on Tuesday, August 13th. The company reported ($1.23) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.27) by $1.04. The firm had revenue of $15.54 million during the quarter, compared to analyst estimates of $18.65 million. XOS had a negative net margin of 76.21% and a negative return on equity of 84.60%. On average, equities research analysts anticipate that XOS will post -6.33 EPS for the current fiscal 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.