Roth Mkm Begins Coverage on XOS (NASDAQ:XOS)

Stock analysts at Roth Mkm assumed coverage on shares of XOS (NASDAQ:XOS) in a research report issued on Wednesday, Briefing.com reports. The brokerage set a “buy” rating and a $15.00 price target on the stock. Roth Mkm’s price objective points to a potential upside of 227.51% from the company’s previous close.

Several other research firms also recently weighed in on XOS. Northland Capmk upgraded shares of XOS to a “strong-buy” rating in a report on Wednesday, October 2nd. Northland Securities restated an “outperform” rating and issued a $9.00 target price (down previously from $16.00) on shares of XOS in a report on Thursday, August 15th. DA Davidson cut shares of XOS from a “buy” rating to a “neutral” rating and dropped their price target for the company from $17.00 to $9.00 in a research report on Friday, August 16th. Finally, Wedbush decreased their price objective on XOS from $15.00 to $12.00 and set an “outperform” rating for the company in a report on Thursday, August 15th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, XOS currently has an average rating of “Buy” and an average price target of $15.00.

XOS Stock Performance

Shares of XOS opened at $4.58 on Wednesday. XOS has a one year low of $4.40 and a one year high of $15.00. The company has a market cap of $36.06 million, a PE ratio of -0.43 and a beta of 1.83. The stock has a 50-day moving average of $4.85 and a 200-day moving average of $6.33. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.99 and a quick ratio of 2.93.

XOS (NASDAQ:XOS) last released its quarterly earnings data on Tuesday, August 13th. The company reported ($1.23) EPS for the quarter, beating the consensus estimate of ($2.27) by $1.04. XOS had a negative return on equity of 84.60% and a negative net margin of 76.21%. The firm had revenue of $15.54 million during the quarter, compared to the consensus estimate of $18.65 million. On average, equities research analysts predict that XOS will post -6.33 EPS for the current fiscal year.

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.