XOS (NASDAQ:XOS) Trading Down 1.8%

Xos, Inc. (NASDAQ:XOS) dropped 1.8% during trading on Tuesday . The stock traded as low as $6.67 and last traded at $6.68. Approximately 7,900 shares traded hands during trading, a decline of 53% from the average daily volume of 16,867 shares. The stock had previously closed at $6.80.

Analyst Upgrades and Downgrades

Separately, DA Davidson raised shares of XOS from a “neutral” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Monday, April 1st.

XOS Price Performance

The stock has a market capitalization of $52.57 million, a PE ratio of -0.62 and a beta of 1.86. The company has a quick ratio of 3.42, a current ratio of 5.06 and a debt-to-equity ratio of 0.29. The stock’s 50 day moving average price is $7.48 and its 200-day moving average price is $8.47.

XOS (NASDAQ:XOS) last issued its earnings results on Wednesday, May 15th. The company reported ($1.80) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.19) by $0.39. The firm had revenue of $13.16 million during the quarter, compared to analyst estimates of $19.34 million. XOS had a negative net margin of 117.98% and a negative return on equity of 104.27%. As a group, equities analysts forecast that Xos, Inc. will post -8.24 EPS 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.