XOS (NASDAQ:XOS) Downgraded to “Hold” Rating by Northland Capmk

Northland Capmk lowered shares of XOS (NASDAQ:XOS) from a strong-buy rating to a hold rating in a research report sent to investors on Monday,Zacks.com reports.

A number of other equities analysts also recently issued reports on XOS. Wedbush lowered their price target on XOS from $15.00 to $12.00 and set an “outperform” rating for the company in a report on Thursday, August 15th. Roth Mkm assumed coverage on shares of XOS in a report on Wednesday, October 23rd. They issued a “buy” rating and a $15.00 target price for the company. Roth Capital upgraded shares of XOS to a “strong-buy” rating in a research note on Wednesday, October 23rd. DA Davidson downgraded shares of XOS from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $17.00 to $9.00 in a research note on Friday, August 16th. Finally, Northland Securities reaffirmed a “market perform” rating and set a $5.00 price objective (down previously from $9.00) on shares of XOS in a report on Monday. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, XOS presently has an average rating of “Moderate Buy” and an average target price of $10.25.

XOS Stock Performance

NASDAQ:XOS opened at $4.49 on Monday. XOS has a 1 year low of $3.65 and a 1 year high of $14.86. The stock has a market cap of $36.05 million, a P/E ratio of -0.67 and a beta of 1.81. The stock has a 50-day simple moving average of $4.57 and a 200-day simple moving average of $5.75.

About XOS

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.