There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 rating it as “hold,” and 1 rating it as “sell.”
The public float for SERV is 23.33M and currently, short sellers hold a 7.21% ratio of that float. The average trading volume of SERV on August 09, 2024 was 15.12M shares.
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SERV) stock’s latest price update
The stock price of Serve Robotics Inc (NASDAQ: SERV) has surged by 1.93 when compared to previous closing price of 13.99, but the company has seen a -2.53% decline in its stock price over the last five trading sessions. prnewswire.com reported 2024-08-08 that Aashi Shah, Sidoti Equity Research Analyst, to Host Serve Robotics’ Management SAN FRANCISCO, Aug. 8, 2024 /PRNewswire/ — Serve Robotics (Nasdaq: SERV), a leading autonomous sidewalk delivery company, today announced that its management will deliver a presentation and join a fireside chat interview at the following virtual event: Sidoti Micro Cap Conference Date: Wednesday, August 14th, 2024 Presentation Time: 9:15 a.m. – 9:45 a.m.
SERV’s Market Performance
SERV’s stock has fallen by -2.53% in the past week, with a monthly rise of 499.16% and a quarterly rise of 395.14%. The volatility ratio for the week is 27.94% while the volatility levels for the last 30 days are 33.64% for Serve Robotics Inc The simple moving average for the past 20 days is 33.92% for SERV’s stock, with a 178.58% simple moving average for the past 200 days.
SERV Trading at 152.19% 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 -61.46% of loss for the given period.
Volatility was left at 33.64%, however, over the last 30 days, the volatility rate increased by 27.94%, as shares surge +523.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +415.16% upper at present.
During the last 5 trading sessions, SERV fell by -2.46%, in comparison to the 20-day moving average, which settled at $11.25. In addition, Serve Robotics Inc saw -42.96% 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:
- -21.73 for the present operating margin
- -0.54 for the gross margin
The net margin for Serve Robotics Inc stands at -26.3. The total capital return value is set at 2.83.
Based on Serve Robotics Inc (SERV), the company’s capital structure generated -24.85 points at debt to capital in total, while cash flow to debt ratio is standing at -1.93. The debt to equity ratio resting at -0.96. The interest coverage ratio of the stock is -6.82.
Currently, EBITDA for the company is -17.39 million with net debt to EBITDA at -0.34. When we switch over and look at the enterprise to sales, we see a ratio of 482.02. The receivables turnover for the company is 4.19for trailing twelve months and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.16.
Conclusion
In conclusion, Serve Robotics Inc (SERV) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
