XOS (NASDAQ:XOS) Upgraded to “Strong-Buy” at Roth Capital

XOS (NASDAQ:XOS) was upgraded by research analysts at Roth Capital to a “strong-buy” rating in a report issued on Wednesday, Zacks.com reports.

Several other research firms have also commented on XOS. Northland Capmk upgraded shares of XOS to a “strong-buy” rating in a research note on Wednesday, October 2nd. Wedbush reduced their price target 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 initiated coverage on XOS in a research report on Wednesday. They issued a “buy” rating and a $15.00 price objective for the company. Northland Securities reiterated an “outperform” rating and issued a $9.00 price target (down from $16.00) on shares of XOS in a research note on Thursday, August 15th. Finally, DA Davidson lowered XOS from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $17.00 to $9.00 in a research note on Friday, August 16th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $15.00.

XOS Stock Up 5.0 %

Shares of NASDAQ XOS opened at $4.81 on Wednesday. XOS has a 12-month low of $4.40 and a 12-month high of $15.00. The stock’s fifty day simple moving average is $4.84 and its two-hundred day simple moving average is $6.32. The stock has a market capitalization of $37.87 million, a PE ratio of -0.45 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.

XOS (NASDAQ:XOS) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($1.23) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.27) by $1.04. The firm had revenue of $15.54 million during the quarter, compared to analysts’ expectations of $18.65 million. XOS had a negative return on equity of 84.60% and a negative net margin of 76.21%. As a group, analysts expect that XOS will post -6.33 EPS for the current fiscal year.

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.