XOS (NASDAQ:XOS) Stock Rating Lowered by Northland Capmk

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

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

XOS Stock Down 4.8 %

NASDAQ:XOS opened at $4.17 on Monday. The firm has a 50-day moving average price of $4.55 and a 200 day moving average price of $5.72. The firm has a market capitalization of $33.49 million, a PE ratio of -0.62 and a beta of 1.81. XOS has a 12-month low of $3.65 and a 12-month high of $14.86.

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.