Last Updated: 14 Nov 2024
Executive Summary
Xos Inc. (XOS) is a manufacturer of electric commercial vehicles, including buses, trucks, and chassis. The company has a market capitalization of $41.14 million and trades on the NASDAQ exchange. XOS has negative earnings per share (EPS) of -$7.62 and a price-to-sales (P/S) ratio of 0.645. Analysts have a consensus target price of $15 for the stock, with one strong buy rating, one buy rating, and two hold ratings.
Company Overview
Xos was founded in 2016 and is headquartered in Los Angeles, California. The company designs, manufactures, and sells electric commercial vehicles for a variety of applications, including school buses, shuttle buses, delivery trucks, and box trucks. XOS also offers a range of services, including vehicle maintenance, charging infrastructure, and fleet management.
Fundamental Analysis
XOS's revenue grew by 2.268% year-over-year to $63.77 million in the most recent quarter. However, the company's net loss widened to -$42.36 million, resulting in an EPS of -$7.62. XOS's gross profit margin was -0.762%, and its operating margin was -0.732%. The company's return on assets (ROA) was -0.223%, and its return on equity (ROE) was -0.756%.
Technical Analysis
XOS's stock price has been in a downtrend since early 2023. The stock is currently trading below its 50-day and 200-day moving averages. The relative strength index (RSI) is below 30, indicating that the stock is oversold.
Short Term Outlook
The technical analysis suggests that XOS's stock price could continue to decline in the short term. The stock is oversold, and there is no clear technical support level below the current price.
Long Term Outlook
The long-term outlook for XOS is uncertain. The company is operating in a competitive market, and it has yet to achieve profitability. However, XOS has a strong product portfolio and a growing customer base. If the company can execute on its business plan, it could be a long-term winner.
Analyst Recommendations
Analysts have a consensus target price of $15 for XOS, with one strong buy rating, one buy rating, and two hold ratings. The average analyst rating is 2.5, which indicates a moderate buy recommendation.
