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While most investors should concentrate the bulk of their funds toward large-capitalization, high-probability enterprises, there's some room for micro-cap stocks. These securities undergird public companies that feature a market value of less than $300 million.
XOS completes the acquisition of ElectraMeccanica, positioning itself to become free cash flow positive.
Xos, Inc. (XOS) Q4 2023 Earnings Call Transcript
Xos, Inc. (XOS) came out with a quarterly loss of $2.33 per share versus the Zacks Consensus Estimate of a loss of $2.40. This compares to loss of $4.20 per share a year ago.
The average of price targets set by Wall Street analysts indicates a potential upside of 68.3% in Xos, Inc. (XOS). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
LOS ANGELES, March 14, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ: XOS), a leading electric truck manufacturer and fleet services provider, announced it will release its fourth quarter and full year 2023 operating results on Thursday, March 21, 2024 after the close of the U.S. financial markets.
Xos, Inc. (XOS) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Through the first two months of 2024, the markets haven't been very kind to electric vehicle (EV) stocks. For example, the VanEck Low Carbon Energy ETF (NYSEARCA: SMOG ) has three EV makers in its top 10.
Industry experts are expecting a lot from the electric vehicle market. Studies suggest that by 2030, EVs will represent around 60% of global vehicle sales, which tells us that there is room for growth that any investor can be a part of.
Electric vehicles (EVs) are reshaping the automotive landscape, and the hunt for under-the-radar EV stocks to buy remains as thrilling as ever. Amidst the bustling EV realm, many businesses are vying for a slice of the future.