Set Your Sights On Xos Inc (NASDAQ: XOS)’S Upside Potential

Xos Inc (XOS) concluded trading on Thursday at a closing price of $6.25, with 96.3 million shares of worth about $601.9 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 13.43% during that period and on February 20, 2025 the price saw a gain of about 99.68%. Currently the company’s common shares owned by public are about 8.03M shares, out of which, 2.75M shares are available for trading.

Stock saw a price change of 104.25% in past 5 days and over the past one month there was a price change of 92.90%. Year-to-date (YTD), XOS shares are showing a performance of 92.90% which decreased to -20.69% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.92 but also hit the highest price of $14.86 during that period. The average intraday trading volume for Xos Inc shares is 60.50K. The stock is currently trading 93.20% above its 20-day simple moving average (SMA20), while that difference is up 87.82% for SMA50 and it goes to 22.21% higher than SMA200.

Xos Inc (NASDAQ: XOS) currently have 8.03M outstanding shares and institutions hold larger chunk of about 2.80% of that.

The stock has a current market capitalization of $50.18M and its 3Y-monthly beta is at 1.83. It has posted earnings per share of -$6.68 in the same period. It has Quick Ratio of 1.10 while making debt-to-equity ratio of 0.89. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for XOS, volatility over the week remained 26.98% while standing at 10.37% over the month.

Analysts are in expectations that Xos Inc (XOS) stock would likely to be making an EPS of -1.24 in the current quarter, while forecast for next quarter EPS is -1.21 and it is -3.79 for next year. For the current quarter EPS, analysts have given the company a lowest target -1.24 which is -1.24 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -2.29 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 59.43% while it is estimated to increase by 24.36% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Northland Capital on November 25, 2024 offering a Market perform rating for the stock and assigned a target price of $5 to it. Coverage by ROTH MKM stated Xos Inc (XOS) stock as a Buy in their note to investors on October 23, 2024, suggesting a price target of $15 for the stock. On August 16, 2024, DA Davidson Downgrade their recommendations, while on April 01, 2024, DA Davidson Upgrade their ratings for the stock with a price target of $17. Stock get a Market perform rating from Northland Capital on March 30, 2023.

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