Serve Robotics Inc. (NASDAQ: SERV) has experienced a decline in its stock price by -11.04 compared to its previous closing price of 2.99. However, the company has seen a fall of -15.56% in its stock price over the last five trading days. wsj reported 2020-09-24 that The agreement that the insurance group has negotiated would also require it curb practices that allegedly limited competition among its 36 member companies, according to people with knowledge of the matter.
Is It Worth Investing in Serve Robotics Inc. (NASDAQ: SERV) Right Now?
Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 as “hold,” and 1 as “sell.”
The public float for SERV is 25.83M, and currently, shorts hold a 0.00% of that float. The average trading volume for SERV on April 30, 2024 was 236.93K shares.
SERV’s Market Performance
The volatility ratio for the week is 13.27%, and the volatility levels for the past 30 days are at 19.76% for Serve Robotics Inc. The simple moving average for the past 20 days is -36.88% for SERV’s stock, with a -53.28% simple moving average for the past 200 days.
SERV Trading at -53.28% from the 50-Day Moving Average
After a stumble in the market that brought SERV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -92.81% of loss for the given period.
Volatility was left at 19.76%, however, over the last 30 days, the volatility rate increased by 13.27%.
During the last 5 trading sessions, SERV fell by -15.56%, in comparison to the 20-day moving average. In addition, Serve Robotics Inc. saw -89.36% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SERV
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.43 for the gross margin
The net margin for Serve Robotics Inc. stands at 0.06. The total capital return value is set at 0.06.
Based on Serve Robotics Inc. (SERV), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 0.72. The interest coverage ratio of the stock is 3.36.
Currently, EBITDA for the company is 365.0 million with net debt to EBITDA at 4.35. When we switch over and look at the enterprise to sales, we see a ratio of 0.8. The receivables turnover for the company is 9.53for trailing twelve months and the total asset turnover is 0.39.
Conclusion
In conclusion, Serve Robotics Inc. (SERV) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
