Xos, Inc. (NASDAQ:XOS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Xos, Inc. (NASDAQ:XOS) has been assigned a consensus rating of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $8.75.

Separately, Wedbush cut their price target on XOS from $8.00 to $6.00 and set an “outperform” rating on the stock in a report on Friday, May 16th.

XOS Trading Up 3.2%

Shares of XOS stock opened at $3.25 on Tuesday. The company has a 50-day moving average of $3.47 and a two-hundred day moving average of $3.56. XOS has a 12-month low of $2.73 and a 12-month high of $9.15. The stock has a market cap of $27.01 million, a PE ratio of -0.49 and a beta of 1.64.

XOS (NASDAQ:XOS) last posted its quarterly earnings data on Wednesday, May 14th. The company reported ($1.26) EPS for the quarter, missing analysts’ consensus estimates of ($1.09) by ($0.17). XOS had a negative net margin of 71.59% and a negative return on equity of 80.70%. The company had revenue of $5.88 million for the quarter, compared to analyst estimates of $10.17 million. On average, sell-side 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.