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

Shares of Xos, Inc. (NASDAQ:XOS) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are covering the firm, MarketBeat reports. Three 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 1-year price objective among brokers that have issued ratings on the stock in the last year is $8.75.

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

XOS Stock Up 1.5%

XOS stock opened at $3.29 on Friday. XOS has a 12-month low of $2.73 and a 12-month high of $9.15. The firm’s fifty day moving average is $3.39 and its 200 day moving average is $3.46. The company has a market capitalization of $27.34 million, a PE ratio of -0.53 and a beta of 1.61.

XOS (NASDAQ:XOS) last released its earnings results on Wednesday, May 14th. The company reported ($1.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.09) by ($0.17). XOS had a negative net margin of 101.36% and a negative return on equity of 117.14%. The company had revenue of $5.88 million for the quarter, compared to analyst estimates of $10.17 million. Sell-side 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.