XOS (NASDAQ:XOS) Raised to “Strong-Buy” at Northland Capmk

Northland Capmk upgraded shares of XOS (NASDAQ:XOS) to a strong-buy rating in a report released on Wednesday morning, Zacks.com reports. Northland Capmk also issued estimates for XOS’s Q3 2024 earnings at ($1.29) EPS, Q4 2024 earnings at ($1.21) EPS, FY2024 earnings at ($5.56) EPS and FY2025 earnings at ($3.70) EPS.

Several other research firms have also recently issued reports on XOS. Northland Securities reiterated an outperform rating and issued a $9.00 target price (down from $16.00) on shares of XOS in a research note on Thursday, August 15th. DA Davidson cut shares of XOS from a buy rating to a neutral rating and decreased their price target for the stock from $17.00 to $9.00 in a report on Friday, August 16th. Finally, Wedbush dropped their price objective on XOS from $15.00 to $12.00 and set an outperform rating for the company in a research note on Thursday, August 15th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Buy and a consensus price target of $15.00.

XOS Stock Up 0.9 %

XOS opened at $4.52 on Wednesday. XOS has a 12 month low of $4.42 and a 12 month high of $15.00. The company has a market cap of $35.59 million, a PE ratio of -0.42 and a beta of 1.83. The company has a current ratio of 4.99, a quick ratio of 2.93 and a debt-to-equity ratio of 0.34. The company has a 50 day moving average of $5.06 and a 200 day moving average of $6.84.

XOS (NASDAQ:XOS) last posted its earnings results on Tuesday, August 13th. The company reported ($1.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.27) by $1.04. The firm had revenue of $15.54 million for the quarter, compared to the consensus estimate of $18.65 million. XOS had a negative return on equity of 84.60% and a negative net margin of 76.21%. On average, sell-side analysts expect that XOS will post -6.33 EPS for the current year.

XOS Company Profile

Xos, Inc designs, manufactures, and sells battery-electric commercial vehicles. The company provides class 5-6 medium duty rolling chassis, such as commercial stepvans and armored trucks; class 7-8 heavy duty chassis; and Xos product development. It offers Xos provides mix-use powertrain solutions for off-highway, industrial and other commercial equipment, and specialty vehicles, such as school buses, medical and dental clinics, blood donation vehicles, and mobile command vehicles.