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

Northland Securities reissued their market perform rating on shares of XOS (NASDAQ:XOS) in a research report sent to investors on Monday morning, Marketbeat Ratings reports. The firm currently has a $5.00 target price on the stock, down from their prior target price of $9.00.

XOS has been the subject of a number of other research reports. Northland Capmk upgraded XOS to a “strong-buy” rating in a report on Wednesday, October 2nd. DA Davidson cut shares of XOS from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $17.00 to $9.00 in a research report on Friday, August 16th. Wedbush reduced their target price on shares of XOS from $15.00 to $12.00 and set an “outperform” rating on the stock in a research report on Thursday, August 15th. Roth Mkm started coverage on XOS in a report on Wednesday, October 23rd. They issued a “buy” rating and a $15.00 price target for the company. Finally, Roth Capital upgraded XOS to a “strong-buy” rating in a report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $10.25.

XOS Trading Down 4.8 %

Shares of NASDAQ XOS opened at $4.17 on Monday. XOS has a 12-month low of $3.65 and a 12-month high of $14.86. The firm’s 50-day moving average price is $4.55 and its 200-day moving average price is $5.72. The stock has a market capitalization of $33.49 million, a price-to-earnings 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.