Wall Street Analysts Predict a 68.27 percent Upside in Xos, Inc. Heres What You Should Know
| XOS Stock | USD 3.57 0.32 9.85% |
Slightly above 55% of Xos' private investors are presently thinking to get in. The analysis of overall sentiment of trading Xos Inc stock suggests that some investors are interested at this time. Xos' investing sentiment can be driven by a variety of factors including economic data, Xos' earnings reports, geopolitical events, and overall market trends.
Xos |
The average of price targets set by Wall Street analysts indicates a potential upside of 68.3 percent in Xos, Inc. . 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.
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Xos Fundamental Analysis
We analyze Xos' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Xos using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Xos based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
EBITDA
EBITDA Comparative Analysis
Xos is currently under evaluation in ebitda category among its peers. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Xos Inc Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Xos stock to make a market-neutral strategy. Peer analysis of Xos could also be used in its relative valuation, which is a method of valuing Xos by comparing valuation metrics with similar companies.
Peers
Xos Related Equities
| NKLA | Nikola Corp | 24.03 | ||||
| HYFM | Hydrofarm Holdings | 8.06 | ||||
| REVG | Rev | 6.44 | ||||
| SHYF | Shyft | 5.85 | ||||
| TWI | Titan International | 3.39 | ||||
| TEX | Terex | 2.76 | ||||
| HY | Hyster Yale | 1.33 | ||||
| LNN | Lindsay | 1.29 | ||||
| MTW | Manitowoc | 1.12 | ||||
| OSK | Oshkosh | 0.72 | ||||
| WNC | Wabash National | 0.71 | ||||
| FIRRF | First Tractor | 0.00 | ||||
| AUSTF | Austin Engineering | 0.00 | ||||
| BIIAF | Buhler Industries | 0.00 |
Additional Tools for Xos Stock Analysis
When running Xos' price analysis, check to measure Xos' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Xos is operating at the current time. Most of Xos' value examination focuses on studying past and present price action to predict the probability of Xos' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Xos' price. Additionally, you may evaluate how the addition of Xos to your portfolios can decrease your overall portfolio volatility.