In yesterday’s Wall Street session, Serve Robotics Inc (NASDAQ:SERV) shares traded at $16.11, down -8.00% from the previous session.
SERV stock price is now 16.58% away from the 50-day moving average and 89.49% away from the 200-day moving average. The market capitalization of the company currently stands at $781.48M.
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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, Wavemaker Global Select II LLC, 10% Owner bought 19,323 shares of the company’s stock on Jan 27 ’25. The stock was bought for $328,491 at an average price of $17.00. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 24 ’25, 10% Owner Match Robotics VC, LLC bought 16,700 shares of the business’s stock. A total of $334,000 was incurred on buying the stock at an average price of $20.00. 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 $13.6635 and a two-hundred day moving average price translates $8.44345 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.
