Brokerages Set Xos, Inc. (NASDAQ:XOS) PT at $8.75

Shares of Xos, Inc. (NASDAQ:XOS) have been given an average rating of “Moderate Buy” by the six ratings firms that are presently covering the company, Marketbeat.com reports. 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. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $8.75.

Separately, Wedbush lowered their price target on shares of XOS from $8.00 to $6.00 and set an “outperform” rating on the stock in a report on Friday.

XOS Stock Performance

NASDAQ XOS opened at $3.55 on Friday. XOS has a twelve month low of $2.73 and a twelve month high of $9.15. The stock has a market cap of $28.77 million, a price-to-earnings ratio of -0.53 and a beta of 1.73. The firm’s 50 day moving average price is $3.56 and its two-hundred day moving average price is $3.68.

XOS (NASDAQ:XOS) last posted its quarterly earnings data on Wednesday, May 14th. The company reported ($1.26) earnings per share 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 firm had revenue of $5.88 million for the quarter, compared to analysts’ expectations of $10.17 million. On average, research analysts forecast that XOS will post -5.37 EPS 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.