Xos, Inc. (NASDAQ:XOS) Receives $11.25 Consensus Price Target from Brokerages

Shares of Xos, Inc. (NASDAQ:XOS) have been given an average recommendation of “Buy” by the six research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $11.25.

A number of research firms recently weighed in on XOS. Northland Capmk upgraded XOS to a “strong-buy” rating in a research report on Wednesday, October 2nd. DA Davidson cut shares of XOS from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $17.00 to $9.00 in a report on Friday, August 16th. Roth Mkm assumed coverage on shares of XOS in a report on Wednesday, October 23rd. They set a “buy” rating and a $15.00 price target on the stock. Roth Capital raised shares of XOS to a “strong-buy” rating in a research note on Wednesday, October 23rd. Finally, Wedbush cut their target price on shares of XOS from $15.00 to $12.00 and set an “outperform” rating on the stock in a research note on Thursday, August 15th.

XOS Trading Up 5.1 %

NASDAQ:XOS opened at $4.06 on Friday. The company has a 50-day moving average of $4.60 and a 200-day moving average of $5.83. XOS has a twelve month low of $3.65 and a twelve month high of $14.86. The firm has a market cap of $32.48 million, a price-to-earnings ratio of -0.63 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.