XOS (NASDAQ:XOS) Stock Price Expected to Rise, Wedbush Analyst Says

XOS (NASDAQ:XOS) had its price objective lifted by equities researchers at Wedbush from $6.00 to $7.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Wedbush’s price objective points to a potential upside of 114.72% from the company’s current price.

XOS Price Performance

Shares of NASDAQ XOS opened at $3.26 on Thursday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.77 and a current ratio of 2.22. The company has a market cap of $27.09 million, a PE ratio of -0.56 and a beta of 1.61. The business has a 50-day simple moving average of $3.22 and a two-hundred day simple moving average of $3.46. XOS has a fifty-two week low of $2.73 and a fifty-two week high of $9.15.

XOS (NASDAQ:XOS) last released its earnings results on Wednesday, August 13th. The company reported ($0.91) EPS for the quarter, topping analysts’ consensus estimates of ($1.06) by $0.15. XOS had a negative return on equity of 147.93% and a negative net margin of 91.56%. The firm had revenue of $18.39 million during the quarter, compared to the consensus estimate of $13.09 million. As a group, equities analysts expect 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.