XOS (NASDAQ:XOS) Receives “Market Perform” Rating from Northland Securities

XOS (NASDAQ:XOS)‘s stock had its “market perform” rating reaffirmed by analysts at Northland Securities in a report released on Monday,Benzinga reports. They currently have a $5.00 price objective on the stock, down from their prior price objective of $9.00. Northland Securities’ price target would indicate a potential upside of 10.13% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Wedbush reduced their price target on XOS from $15.00 to $12.00 and set an “outperform” rating on the stock in a report on Thursday, August 15th. Northland Capmk upgraded XOS to a “strong-buy” rating in a report on Wednesday, October 2nd. Roth Mkm initiated coverage on XOS in a report on Wednesday, October 23rd. They set a “buy” rating and a $15.00 target price on the stock. DA Davidson downgraded XOS from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $17.00 to $9.00 in a report on Friday, August 16th. Finally, Roth Capital upgraded XOS to a “strong-buy” rating in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $10.25.

XOS Price Performance

Shares of NASDAQ:XOS opened at $4.54 on Monday. XOS has a 1 year low of $3.65 and a 1 year high of $14.86. The company has a market cap of $36.46 million, a PE ratio of -0.68 and a beta of 1.81. The stock’s 50-day moving average is $4.58 and its 200 day moving average is $5.77.

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.