XOS (NASDAQ:XOS) Stock Price Down 2.6%

Xos, Inc. (NASDAQ:XOS)’s share price fell 2.6% during trading on Friday . The company traded as low as $7.13 and last traded at $7.45. 25,467 shares changed hands during mid-day trading, an increase of 51% from the average session volume of 16,895 shares. The stock had previously closed at $7.65.

Analyst Ratings Changes

Several brokerages recently issued reports on XOS. Wedbush upped their price target on shares of XOS to $13.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 16th. DA Davidson upgraded shares of XOS from a “neutral” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Monday, April 1st.

XOS Price Performance

The company has a current ratio of 3.66, a quick ratio of 1.73 and a debt-to-equity ratio of 0.44. The company has a fifty day simple moving average of $9.79 and a two-hundred day simple moving average of $8.86.

XOS (NASDAQ:XOS) last announced its quarterly earnings data on Thursday, March 21st. The company reported ($2.33) earnings per share for the quarter, beating the consensus estimate of ($2.40) by $0.07. XOS had a negative net margin of 170.35% and a negative return on equity of 115.89%. The business had revenue of $18.38 million for the quarter, compared to analyst estimates of $18.50 million. As a group, sell-side analysts expect that Xos, Inc. will post -8.95 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.