XOS (NASDAQ:XOS) Stock Rating Upgraded by Northland Capmk

Northland Capmk upgraded shares of XOS (NASDAQ:XOS) to a strong-buy rating in a research note issued to investors on Wednesday, Zacks.com reports. Northland Capmk also issued estimates for XOS’s Q3 2024 earnings at ($1.29) EPS, Q4 2024 earnings at ($1.21) EPS, FY2024 earnings at ($5.56) EPS and FY2025 earnings at ($3.70) EPS.

Several other equities research analysts have also recently weighed in on the company. Wedbush dropped their target price on XOS from $15.00 to $12.00 and set an outperform rating for the company in a report on Thursday, August 15th. Northland Securities reiterated an outperform rating and issued a $9.00 price objective (down previously from $16.00) on shares of XOS in a research report on Thursday, August 15th. Finally, DA Davidson cut shares of XOS from a buy rating to a neutral rating and cut their target price for the stock from $17.00 to $9.00 in a report on Friday, August 16th. One analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of Buy and a consensus target price of $15.00.

XOS Trading Up 0.9 %

Shares of XOS opened at $4.52 on Wednesday. XOS has a fifty-two week low of $4.42 and a fifty-two week high of $15.00. The firm has a market cap of $35.59 million, a price-to-earnings ratio of -0.42 and a beta of 1.83. The firm has a 50 day moving average price of $5.06 and a 200-day moving average price of $6.84. 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 posted its quarterly earnings results 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 the consensus estimate of $18.65 million. As a group, equities research analysts forecast that XOS will post -6.33 earnings per share for the current year.

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.