It’s still a bull thesis, just subverted: Serve Robotics Inc (SERV)

At the time of writing, Serve Robotics Inc [SERV] stock is trading at $8.58, up 11.57%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SERV shares have gain 14.71% over the last week, with a monthly amount drifted -8.24%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

For the past year, the stock price of Serve Robotics Inc fluctuated between $1.77 and $37.00. Serve Robotics Inc [NASDAQ: SERV] shares were valued at $8.58 at the most recent close of the market.

Analyzing the SERV fundamentals

According to Serve Robotics Inc [NASDAQ:SERV], the company’s sales were 1.52M for trailing twelve months, which represents an 655.33% jump. Gross Profit Margin for this corporation currently stands at -0.09% with Operating Profit Margin at -18.84%, Pretax Profit Margin comes in at -22.74%, and Net Profit Margin reading is -22.74%. To continue investigating profitability, this company’s Return on Assets is posted at -1.06, Equity is -7.69 and Total Capital is -1.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.1.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 7.79 points at the first support level, and at 7.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.34, and for the 2nd resistance point, it is at 10.11.

Ratios To Look Out For

It is important to note that Serve Robotics Inc [NASDAQ:SERV] has a current ratio of 7.19. Also, the Quick Ratio is 7.03, while the Cash Ratio stands at 6.74. Considering the valuation of this stock, the price to sales ratio is 239.00, the price to book ratio is 11.01.

Transactions by insiders

Recent insider trading involved Goldberg David Michael, Director, that happened on Aug 29 ’24 when 13575.0 shares were sold.

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