XOS (NASDAQ:XOS) Downgraded by Northland Capmk to Hold

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

Several other research analysts have also recently weighed in on XOS. Wedbush lowered their price objective on XOS from $15.00 to $12.00 and set an “outperform” rating on the stock in a research report on Thursday, August 15th. Roth Mkm started coverage on shares of XOS in a research report on Wednesday, October 23rd. They set a “buy” rating and a $15.00 price target on the stock. DA Davidson downgraded shares of XOS from a “buy” rating to a “neutral” rating and cut their price objective for the company from $17.00 to $9.00 in a report on Friday, August 16th. Roth Capital raised shares of XOS to a “strong-buy” rating in a report on Wednesday, October 23rd. Finally, Northland Securities reiterated a “market perform” rating and issued a $5.00 price target (down from $9.00) on shares of XOS in a research note 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $10.25.

XOS Trading Down 4.8 %

Shares of NASDAQ XOS opened at $4.17 on Monday. The firm has a market cap of $33.49 million, a P/E ratio of -0.62 and a beta of 1.81. The business’s 50 day moving average is $4.53 and its 200-day moving average is $5.71. XOS has a 1-year low of $3.65 and a 1-year high of $14.86.

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.