XOS’s (XOS) “Market Perform” Rating Reaffirmed at Northland Securities

Northland Securities restated their market perform rating on shares of XOS (NASDAQ:XOS) in a report published on Monday morning, Marketbeat.com reports. The firm currently has a $5.00 price objective on the stock, down from their previous price objective of $9.00.

XOS has been the subject of several other research reports. Roth Mkm initiated coverage on shares of XOS in a research report on Wednesday, October 23rd. They set a “buy” rating and a $15.00 price target for the company. DA Davidson lowered shares of XOS from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $17.00 to $9.00 in a research report on Friday, August 16th. Roth Capital upgraded shares of XOS to a “strong-buy” rating in a research report on Wednesday, October 23rd. Wedbush decreased their target price 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. Finally, Northland Capmk upgraded shares of XOS to a “strong-buy” rating in a research report on Wednesday, October 2nd. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $10.25.

XOS Stock Performance

XOS stock opened at $4.49 on Monday. The company has a 50-day simple moving average of $4.57 and a 200-day simple moving average of $5.75. The firm has a market capitalization of $36.05 million, a P/E ratio of -0.67 and a beta of 1.81. XOS has a one year low of $3.65 and a one year high of $14.86.

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.