At the time of writing, Serve Robotics Inc [SERV] stock is trading at $9.36, up 9.35%. 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 7.83% over the last week, with a monthly amount glided 19.24%, 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 18, 2024, when Northland Capital initiated its Outperform rating and assigned the stock a price target of $16. Previously, Seaport Research Partners started tracking the stock with Buy rating on October 07, 2024, and set its price target to $12.
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 $9.36 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 8.77 points at the first support level, and at 8.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.79, and for the 2nd resistance point, it is at 10.23.
Ratios To Look Out For
It is important to note that Serve Robotics Inc [NASDAQ:SERV] has a current ratio of 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 260.73, the price to book ratio is 12.01.
Transactions by insiders
Recent insider trading involved Goldberg David Michael, Director, that happened on Aug 29 ’24 when 13575.0 shares were sold.
