XOS (NASDAQ:XOS) Stock Price Down 18.4% – Here’s Why

Shares of Xos, Inc. (NASDAQ:XOS) traded down 18.4% during trading on Monday . The company traded as low as $3.50 and last traded at $3.50. 42,420 shares were traded during trading, a decline of 98% from the average session volume of 2,282,713 shares. The stock had previously closed at $4.29.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Northland Capmk cut shares of XOS from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. Northland Securities reissued a “market perform” rating and set a $5.00 target price (down previously from $9.00) on shares of XOS in a research note on Monday, November 25th. Three 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $10.25.

XOS Stock Performance

The company has a market cap of $27.78 million, a PE ratio of -0.52 and a beta of 1.67. The firm’s 50 day moving average is $3.60 and its 200-day moving average is $4.09.

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.