While Serve Robotics Inc has underperformed by -4.01%, investors are advised to look at stock chart patterns for technical insight.
On October 28, 2024, Ladenburg Thalmann started tracking Serve Robotics Inc (NASDAQ: SERV) recommending Buy. A report published by Northland Capital on October 18, 2024, Initiated its previous ‘Outperform’ rating for SERV. Seaport Research Partners also rated SERV shares as ‘Buy’, setting a target price of $12 on the company’s shares in an initiating report dated October 07, 2024.
Analysis of Serve Robotics Inc (SERV)
Further, the quarter-over-quarter increase in sales is 254.12%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Serve Robotics Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -112.87% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 10.58, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and SERV is recording an average volume of 7.12M. On a monthly basis, the volatility of the stock is set at 16.38%, whereas on a weekly basis, it is put at 18.73%, with a loss of -13.97% over the past seven days. Furthermore, long-term investors anticipate a median target price of $15.70, showing growth from the present price of $14.14, which can serve as yet another indication of whether SERV is worth investing in or should be passed over.
How Do You Analyze Serve Robotics Inc Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 37.85%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 10.90% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
SERV shares are owned by institutional investors to the tune of 10.90% at present.
