Should You Sell Serve Robotics Inc (SERV) And Go Away This Year?

Serve Robotics Inc (NASDAQ:SERV) currently has a daily average trading volume of 16.84M but it saw 4819078 shares traded in last market. With a market cap of 424.12M USD, the company’s current market price of $10.71 came falling about -4.63 while comparing to the previous closing price of $11.23. In past 52 weeks, the stock remained buoying in the range of price level as high as $37.00 and as low as $1.77. In the recent trading on the day, stock has struck highest price mark of $10.63 while lowest mark touched by it was $11.35.

Taking a look at 20-day trading activity of Serve Robotics Inc (SERV) gives us an average price of $13.48, while its current price level is -71.05% below from 52-week high level whereas it is 505.08% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $7.20. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.30% during that period while stretching the period over a month that increases to 26.78%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 49.82 which implies that the stock is in neutral territory.

Over the week, SERV’s stock price is moving -5.80% down while it is 13.94% when we observe its performance for the past one month. Year-to-date it is -57.16% down and over the past year.

Currently, Serve Robotics Inc’s total number of outstanding shares is 36.94M with 31.94% of that held by the insiders while 22.98% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -115.04% and return on equity (ROE) at -1043.99%. Stock has a price to book (P/B) ratio of 13.74 while price to sale or P/S ratio amounts to 279.02. Its return on asset (ROA) is -172.75% on average.