Serve Robotics Inc (NASDAQ:SERV) does about 12.07M shares in volume on a normal day but saw 70908555 shares change hands in the recent trading day. The company now has a market cap of 556.50M USD. Its current market price is $15.00, marking a decrease of -22.64% compared to the previous close of $19.39. The 52 week high reached by this stock is $37.00 whilst the lowest price level in 52 weeks is $1.77.
Serve Robotics Inc (SERV) has a 20-day trading average at $6.07 and the current price is -59.46% off the 52-week high compared with 747.46% distance from its 52-week low. The 50-day simple moving average of the closing price is $3.91. If we look at the stock’s price movements over the week, volatility stands at 45.68%, which decreases to 29.92% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 72.18 to suggest the stock is overbought.
The consensus objective for the share price is $8.00, suggesting that the stock has a potential downside of -87.5% over the period.
1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
Serve Robotics Inc (SERV) stock is up 59.57% over the week and 669.23% over the past month. Its price is -40.00% year-to-date.
To reach the target analysts have set, the stock logically needs to shrink -87.5 percent from here.
Price to sales ratio is 501.35.
