XOS (NASDAQ:XOS) Lifted to Strong-Buy at Roth Capital

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

A number of other equities research analysts have also weighed in on XOS. DA Davidson lowered shares of XOS from a “buy” rating to a “neutral” rating and lowered their price target for the company from $17.00 to $9.00 in a report on Friday, August 16th. Northland Securities reaffirmed an “outperform” rating and set a $9.00 price target (down from $16.00) on shares of XOS in a report on Thursday, August 15th. Wedbush lowered their price target on shares of XOS from $15.00 to $12.00 and set an “outperform” rating for the company in a report on Thursday, August 15th. Roth Mkm started coverage on shares of XOS in a report on Wednesday. They set a “buy” rating and a $15.00 price target for the company. Finally, Northland Capmk raised shares of XOS to a “strong-buy” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $15.00.

XOS Price Performance

XOS stock opened at $4.86 on Wednesday. XOS has a 52-week low of $4.40 and a 52-week high of $15.00. The firm has a fifty day moving average of $4.83 and a 200-day moving average of $6.31. The firm has a market capitalization of $38.26 million, a P/E ratio of -0.45 and a beta of 1.83. The company has a quick ratio of 2.93, a current ratio of 4.99 and a debt-to-equity ratio of 0.34.

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