Northland Capmk Downgrades XOS (NASDAQ:XOS) to Hold

Northland Capmk lowered shares of XOS (NASDAQ:XOS) from a strong-buy rating to a hold rating in a report released on Monday morning,Zacks.com reports.

Other equities research analysts also recently issued research reports about the stock. Roth Capital raised shares of XOS to a “strong-buy” rating in a research note on Wednesday, October 23rd. Roth Mkm started coverage on XOS in a research report on Wednesday, October 23rd. They set a “buy” rating and a $15.00 price target on the stock. Wedbush dropped their price objective on shares of XOS from $15.00 to $12.00 and set an “outperform” rating on the stock in a report on Thursday, August 15th. DA Davidson lowered shares of XOS from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $17.00 to $9.00 in a research note on Friday, August 16th. Finally, Northland Securities reiterated a “market perform” rating and set a $5.00 target price (down previously from $9.00) on shares of XOS in a report on Monday. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $10.25.

XOS Stock Down 4.8 %

XOS stock opened at $4.17 on Monday. XOS has a twelve month low of $3.65 and a twelve month high of $14.86. The business’s fifty day moving average is $4.53 and its 200-day moving average is $5.71. The company 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.