Xos, Inc. (NASDAQ:XOS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Xos, Inc. (NASDAQ:XOS) have been given an average recommendation of “Moderate Buy” by the six analysts that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $8.75.

Separately, Wedbush dropped their price target on shares of XOS from $8.00 to $6.00 and set an “outperform” rating for the company in a research report on Friday, May 16th.

XOS Stock Performance

NASDAQ:XOS opened at $3.25 on Tuesday. XOS has a 52-week low of $2.73 and a 52-week high of $9.15. The company has a market cap of $27.01 million, a P/E ratio of -0.49 and a beta of 1.64. The stock’s 50-day simple moving average is $3.47 and its 200 day simple moving average is $3.56.

XOS (NASDAQ:XOS) last issued its earnings results on Wednesday, May 14th. The company reported ($1.26) EPS for the quarter, missing the consensus estimate of ($1.09) by ($0.17). XOS had a negative return on equity of 80.70% and a negative net margin of 71.59%. The business had revenue of $5.88 million for the quarter, compared to the consensus estimate of $10.17 million. As a group, equities analysts predict that XOS will post -5.37 earnings per share for the current fiscal year.

About XOS

Xos, Inc is an electric mobility company engaged in manufacturing electric trucks. The firm designs and develops fully electric battery mobility systems specifically for commercial fleets. The company was founded by Dakota Semler and Giordano Sordoni on July 29, 2020 and is headquartered in Los Angeles, CA.