Serve Robotics Inc [SERV] stock prices are down -7.65% to $16.29 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SERV shares have gain 21.93% over the last week, with a monthly amount glided 85.54%, and seem to be holding up well over a long-time horizon.
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.
The stock price of Serve Robotics Inc [SERV] has been fluctuating between $1.77 and $37.00 over the past year. Serve Robotics Inc [NASDAQ: SERV] shares were valued at $16.29 at the most recent close of the market.
Analyzing the SERV fundamentals
The Serve Robotics Inc [NASDAQ:SERV] reported sales of 1.68M for trailing twelve months, representing a surge of 254.12%. 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 15.39 points at the first support level, and at 14.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.81, and for the 2nd resistance point, it is at 19.33.
Ratios To Look Out For
It’s worth pointing out that Serve Robotics Inc [NASDAQ:SERV]’s Current Ratio is 10.65. In addition, the Quick Ratio stands at 10.58 and the Cash Ratio stands at 9.88. Considering the valuation of this stock, the price to sales ratio is 396.66, the price to book ratio is 12.42.
Transactions by insiders
Recent insider trading involved Kashani Ali, Chief Executive Officer, that happened on Dec 26 ’24 when 7500.0 shares were sold. Chief Executive Officer, Kashani Ali completed a deal on Dec 24 ’24 to sell 5000.0 shares. Meanwhile, Officer Kashani Ali bought 7500.0 shares on Dec 26 ’24.
