Stocks of Serve Robotics Inc (NASDAQ:SERV) traded higher last session on Wall Street, down -3.28% to $18.26.
SERV stock price is now 44.36% away from the 50-day moving average and 126.94% away from the 200-day moving average. The market capitalization of the company currently stands at $885.77M.
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With the price target of $16, Ladenburg Thalmann recently initiated with Buy rating for Serve Robotics Inc (NASDAQ: SERV). On October 18, 2024, Northland Capital recently initiated its ‘Outperform’ rating on the stock quoting a target price of $16, while ‘Seaport Research Partners’ rates the stock as ‘Buy’
In other news, Abraham Euan, Chief Hardware & Mftg Offcr sold 260 shares of the company’s stock on Jan 07 ’25. The stock was sold for $5,012 at an average price of $19.28. Upon completion of the transaction, the Chief Hardware & Mftg Offcr now directly owns 150,518 shares in the company, valued at $2.75 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 07 ’25, President & COO Parang Touraj sold 305 shares of the business’s stock. A total of $5,957 was realized by selling the stock at an average price of $19.53. This leaves the insider owning 1,162,886 shares of the company worth $21.23 million. A total of 37.69% of the company’s stock is owned by insiders.
During the past 12 months, Serve Robotics Inc has had a low of $1.77 and a high of $37.00. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 10.65, and a quick ratio of 10.58. The fifty day moving average price for SERV is $12.6487 and a two-hundred day moving average price translates $8.0443 for the stock.
The latest earnings results from Serve Robotics Inc (NASDAQ: SERV) was released for 2024-09-30. The net profit margin was -1973.07% and return on equity was -112.87% for SERV. The company reported revenue of $0.22 million for the quarter, compared to $63000.0 a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 252.38 percent.
