Serve Robotics Inc (SERV)’s stock is trading at $8.42 at the moment marking a fall of -3.03% from the last session close. As of this writing, shares are priced at -77.25% less than their 52-week high of $37.00, and 375.53% over their 52-week low of $1.77. Based on the past 30-day period, the stock price is -22.30% below the high and +21.16% above the low.
Further, it is important to consider SERV stock ratios, particularly its price-to-sales ratio over the past twelve months, which stands at 234.45.SERV’s price to book ratio for the most recent quarter was 10.80, resulting in an 12.38 price to cash per share for the period.
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How does Serve Robotics Inc (SERV) stock rate among analysts? Buy, sell, or hold?
The key to trading is to concentrate on the future rather than on the past. During uncertain times, it can be hard to make decisions. The analysts who understand how a market works are usually the most accurate at forecasting its future. Currently, there are 2 brokerage firms that recommend the stock as a Strong Buy. The ratings are commonly aggregated into a single number between 1 and 5. Buy or strong buy is scored 5, outperform is scored 4, hold is scored 3, underperform is scored 2 and strong sell is 1. Using a scale of 1-5, the current average recommendation is 5.00 in simple terms.
Serve Robotics Inc (SERV): Earnings History
If we examine Serve Robotics Inc’s recent earnings history, in the last quarter ended on 6/30/2024, it posted adjusted earnings per share of -$0.27, beating the consensus of -$0.25. In other words, it beat the consensus by -$0.02, resulting in a -8.00% surprise. In the 3 months period before the previous quarter which was closed on 6/30/2024, the stock recorded adjusted earnings per share of -$0.27 in contrast with the Outlook of -$0.25. That was a difference of -$0.02 and a surprise of -8.00%.
Serve Robotics Inc (NASDAQ: SERV) Ownership Details
I will give a breakdown of the key shareholders in Serve Robotics Inc (SERV). Recent figures show that the company’s insiders hold 34.07% of shares. A total of 29 institutional investors hold shares in the company, making 22.28% of its stock and 33.80% of its float.
Jun 30, 2024 , it was reported that the Company’s largest institutional holder is Raymond James Financial Services Advisors, Inc. holding total of 91.99 shares that make 0.00% of the company’s total number of shares and are currently priced at 0.76 million.
The securities firm Geode Capital Management, LLC holds 57.36 shares of SERV, making it the second largest institutional shareholder. Taking this into account, the holding percentage comes to 0.00% , and the holding percentage of shares is valued at 0.48 million.
An overview of Serve Robotics Inc’s technicals
In order to learn about trade movements and investor behavior, it is best to analyze the short, medium, and long term technical indicators along with the average volume of a stock. A 20-day average of the stock’s daily volume suggests Serve Robotics Inc (SERV) traded 4,603,516 shares per day, with a moving average of $8.32 and price change of +0.47. With the moving average of $9.36 and a price change of -6.27, about 7,033,145 shares changed hands on average over the past 50 days. Finally, SERV’s 100-day average volume is 12,359,319 shares, alongside a moving average of $7.04 and a price change of +5.26.
