Serve Robotics Inc [SERV] stock prices are up 4.05% to $16.70 at the moment. 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 2.20% over the last week, with a monthly amount drifted -27.04%, and not 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 $16.70 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.03.
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 16.06 points at the first support level, and at 15.42 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.31, and for the 2nd resistance point, it is at 17.92.
Ratios To Look Out For
It’s worth pointing out that Serve Robotics Inc [NASDAQ:SERV]’s Current Ratio is 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 482.20, the price to book ratio is 12.74.
Transactions by insiders
Recent insider trading involved Wavemaker Global Select II LLC, 10% Owner, that happened on Jan 27 ’25 when 19323.0 shares were purchased. 10% Owner, Match Robotics VC, LLC completed a deal on Jan 24 ’25 to buy 16700.0 shares. Meanwhile, Chief Hardware & Mftg Offcr Abraham Euan sold 260.0 shares on Jan 07 ’25.
