XOS (NASDAQ:XOS – Free Report) had its price target trimmed by Wedbush from $8.00 to $6.00 in a research report report published on Friday,Benzinga reports. The firm currently has an outperform rating on the stock.
XOS Trading Up 0.6%
Shares of XOS stock opened at $3.55 on Friday. The firm’s 50 day moving average is $3.56 and its 200-day moving average is $3.68. XOS has a 1 year low of $2.73 and a 1 year high of $9.15. The firm has a market capitalization of $28.77 million, a price-to-earnings ratio of -0.53 and a beta of 1.73.
XOS (NASDAQ:XOS – Get Free Report) last announced 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 net margin of 71.59% and a negative return on equity of 80.70%. The business had revenue of $5.88 million during the quarter, compared to analyst estimates of $10.17 million. On average, equities research analysts forecast that XOS will post -5.37 earnings per share 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.
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