Serve Robotics Inc (NASDAQ:SERV) currently has a daily average trading volume of 12.13M but it saw 4174068 shares traded in last market. With a market cap of 403.92M USD, the company’s current market price of $9.54 came rising about 5.41 while comparing to the previous closing price of $9.05. 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 $9.022 while lowest mark touched by it was $9.75.
Taking a look at 20-day trading activity of Serve Robotics Inc (SERV) gives us an average price of $8.98, while its current price level is -74.22% below from 52-week high level whereas it is 438.98% 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 $8.77. A closer look into the stock’s movement over the week reveals that its volatility is standing at 11.49% during that period while stretching the period over a month that increases to 11.64%. 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 54.37 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Northland Capital which initiated the stock as “Outperform” in its note to investors issued on October 18, 2024, recommending a price target of $16 for it.
Over the week, SERV’s stock price is moving 11.45% up while it is 24.87% when we observe its performance for the past one month. Year-to-date it is -61.84% down and over the past year.
The company is expected to be releasing its next quarterly report in November, for which analysts forecasted an EPS of -0.18 while estimate for next year EPS is -0.94. In next quarter, company is expected to be making quarterly sales of $380k as analysts are expecting the sales for current fiscal year at $2.15M and seeing the company making $16.7M in sales next year. Moreover, analysts are in estimates of $310k for current-quarter revenue.
Currently, Serve Robotics Inc’s total number of outstanding shares is 36.94M. 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 12.24 while price to sale or P/S ratio amounts to 265.74. Its return on asset (ROA) is -172.75% on average.
