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

Northland Securities reiterated their market perform rating on shares of XOS (NASDAQ:XOS) in a research report report published on Monday, MarketBeat Ratings reports. Northland Securities currently has a $5.00 price target on the stock, down from their prior price target of $9.00.

Other analysts also recently issued research reports about the stock. Northland Capmk raised shares of XOS to a “strong-buy” rating in a research report on Wednesday, October 2nd. DA Davidson downgraded 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 report on Friday, August 16th. Roth Mkm began coverage on XOS in a research note on Wednesday, October 23rd. They issued a “buy” rating and a $15.00 target price on the stock. Roth Capital upgraded shares of XOS to a “strong-buy” rating in a report on Wednesday, October 23rd. Finally, Wedbush dropped their price target on XOS from $15.00 to $12.00 and set an “outperform” rating on the stock in a research report on Thursday, August 15th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $10.25.

XOS Stock Performance

Shares of NASDAQ:XOS opened at $4.17 on Monday. XOS has a 52-week low of $3.65 and a 52-week high of $14.86. The business’s 50 day simple moving average is $4.53 and its two-hundred day simple moving average is $5.71. The firm has a market cap of $33.49 million, a P/E ratio of -0.62 and a beta of 1.81.

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.