Serve Robotics Inc [SERV] stock is trading at $9.80, up 11.74%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SERV shares have gain 23.27% over the last week, with a monthly amount glided 35.73%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Serve Robotics Inc [NASDAQ: SERV] stock has seen the most recent analyst activity on October 07, 2024, when Seaport Research Partners initiated its Buy rating and assigned the stock a price target of $12.
Serve Robotics Inc [SERV] stock has fluctuated between $1.77 and $37.00 over the past year. Serve Robotics Inc [NASDAQ: SERV] shares were valued at $9.80 at the most recent close of the market.
Analyzing the SERV fundamentals
Serve Robotics Inc [NASDAQ:SERV] reported sales of 1.52M for the trailing twelve months, which represents a growth of 655.33%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.1.
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 9.02 points at the first support level, and at 8.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.67, and for the 2nd resistance point, it is at 11.54.
Ratios To Look Out For
For context, Serve Robotics Inc’s Current Ratio is 7.19. As well, the Quick Ratio is 7.03, while the Cash Ratio is 6.74. Considering the valuation of this stock, the price to sales ratio is 272.98, the price to book ratio is 12.58.
Transactions by insiders
Recent insider trading involved Goldberg David Michael, Director, that happened on Aug 29 ’24 when 13575.0 shares were sold.
