At the time of writing, Serve Robotics Inc [SERV] stock is trading at $13.08, up 15.34%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SERV shares have gain 10.85% over the last week, with a monthly amount glided 56.46%, 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 28, 2024, when Ladenburg Thalmann initiated its Buy rating and assigned the stock a price target of $16. Previously, Northland Capital started tracking the stock with Outperform rating on October 18, 2024, and set its price target to $16. On October 07, 2024, Seaport Research Partners initiated with a Buy rating and assigned a price target of $12 on the stock.
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 $13.08 at the most recent close of the market.
Analyzing the SERV fundamentals
According to Serve Robotics Inc [NASDAQ:SERV], the company’s sales were 1.68M for trailing twelve months, which represents an 254.12% jump. Gross Profit Margin for this corporation currently stands at 0.13% with Operating Profit Margin at -18.76%, Pretax Profit Margin comes in at -20.8%, and Net Profit Margin reading is -20.8%. To continue investigating profitability, this company’s Return on Assets is posted at -0.57, Equity is -1.95 and Total Capital is -0.56.
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 11.55 points at the first support level, and at 10.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.86, and for the 2nd resistance point, it is at 14.65.
Ratios To Look Out For
It is important to note that Serve Robotics Inc [NASDAQ:SERV] has a current ratio of 10.65. Further, the Quick Ratio stands at 10.58, while the Cash Ratio is 9.88. Considering the valuation of this stock, the price to sales ratio is 397.81, the price to book ratio is 9.98.
Transactions by insiders
Recent insider trading involved Kashani Ali, Officer, that happened on Dec 13 ’24 when 2500.0 shares were purchased. Chief Executive Officer, Kashani Ali completed a deal on Dec 10 ’24 to sell 12500.0 shares. Meanwhile, Officer Kashani Ali bought 12500.0 shares on Dec 10 ’24.