XOS (NASDAQ:XOS) Price Target Raised to $7.00

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

XOS Trading Down 13.8%

XOS opened at $3.26 on Thursday. XOS has a one year low of $2.73 and a one year high of $9.15. The company has a market cap of $27.09 million, a P/E ratio of -0.56 and a beta of 1.61. 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 business’s 50-day simple moving average is $3.22 and its 200-day simple moving average is $3.46.

XOS (NASDAQ:XOS) last released its quarterly earnings data on Wednesday, August 13th. The company reported ($0.91) EPS for the quarter, beating 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 business had revenue of $18.39 million for the quarter, compared to the consensus estimate of $13.09 million. As a group, equities research analysts expect that XOS will post -5.37 EPS for the current fiscal year.

XOS Company Profile

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.