Serve Robotics Inc (NASDAQ:SERV) does about 18.95M shares in volume on a normal day but saw 8822450 shares change hands in the recent trading day. The company now has a market cap of 430.60M USD. Its current market price is $10.17, marking an increase of 8.65% compared to the previous close of $9.36. 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 $8.74 and the current price is -72.51% off the 52-week high compared with 474.58% distance from its 52-week low. The 50-day simple moving average of the closing price is $8.86. If we look at the stock’s price movements over the week, volatility stands at 9.36%, which increases to 11.72% 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 59.94 to suggest the stock is neutral.
The consensus objective for the share price is $14.67, suggesting that the stock has a potential upside of 30.67% over the period.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 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.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on October 18, 2024 when Northland Capital initiated the stock to “Outperform” and issued a price target of $16.
The current price level is 16.35%, 14.80%, and 59.78% away from its SMA20, SMA50, and SMA200 respectively, with the SERV price moving below the 50-day SMA on current market day. Serve Robotics Inc (SERV) stock is up 14.01% over the week and 35.96% over the past month. Its price is -59.32% year-to-date.
To reach the target analysts have set, the stock logically needs to grow 30.67 percent from here.
Outstanding shares total 36.94M with insiders holding 34.07% of the shares and institutional holders owning 22.05% of the company’s common stock. The company has a return on investment of -115.04% and return on equity of -1043.99%. Price to book ratio is 13.05 and price to sales ratio is 283.29.
