XOS (NASDAQ:XOS) Earns “Market Perform” Rating from Northland Securities

Northland Securities reissued their market perform rating on shares of XOS (NASDAQ:XOS) in a research note issued to investors on Monday morning, MarketBeat reports. Northland Securities currently has a $5.00 price objective on the stock, down from their previous price objective of $9.00.

XOS has been the subject of a number of other reports. Roth Mkm assumed coverage on shares of XOS in a research report on Wednesday, October 23rd. They issued a “buy” rating and a $15.00 target price for the company. Roth Capital upgraded XOS to a “strong-buy” rating in a report on Wednesday, October 23rd. DA Davidson downgraded XOS from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $17.00 to $9.00 in a research report on Friday, August 16th. Northland Capmk upgraded XOS to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, Wedbush reduced their price target on XOS from $15.00 to $12.00 and set an “outperform” rating on the stock in a report on Thursday, August 15th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $10.25.

XOS Stock Performance

Shares of XOS opened at $4.17 on Monday. The stock has a 50 day moving average price of $4.55 and a 200 day moving average price of $5.72. XOS has a one year low of $3.65 and a one year high of $14.86. The stock has a market capitalization of $33.49 million, a price-to-earnings ratio of -0.62 and a beta of 1.81.

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.