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 26.89M, and currently, shorts hold a 17.23% of that float. The average trading volume for SERV on October 11, 2024 was 18.58M shares.
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SERV) stock’s latest price update
Serve Robotics Inc (NASDAQ: SERV)’s stock price has decreased by -8.63 compared to its previous closing price of 9.40. However, the company has seen a -2.06% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-10-04 that Serve Robotics announces its partnership with Wing Aviation LLC.The Collaboration expands Autonomous delivery and ensures efficiency.
SERV’s Market Performance
SERV’s stock has fallen by -2.06% in the past week, with a monthly rise of 17.02% and a quarterly rise of 273.43%. The volatility ratio for the week is 16.43% while the volatility levels for the last 30 days are 13.67% for Serve Robotics Inc The simple moving average for the last 20 days is 3.52% for SERV stock, with a simple moving average of 37.30% for the last 200 days.
Analysts’ Opinion of SERV
Many brokerage firms have already submitted their reports for SERV stocks, with Seaport Research Partners repeating the rating for SERV by listing it as a “Buy.” The predicted price for SERV in the upcoming period, according to Seaport Research Partners is $12 based on the research report published on October 07, 2024 of the current year 2024.
SERV Trading at -9.43% 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 -76.79% of loss for the given period.
Volatility was left at 13.67%, however, over the last 30 days, the volatility rate increased by 16.43%, as shares surge +3.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -48.03% lower at present.
During the last 5 trading sessions, SERV rose by +2.27%, in comparison to the 20-day moving average, which settled at $8.32. In addition, Serve Robotics Inc saw -65.64% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SERV starting from Goldberg David Michael, who sale 13,575 shares at the price of $9.22 back on Aug 29 ’24. After this action, Goldberg David Michael now owns 36,425 shares of Serve Robotics Inc, valued at $125,118 using the latest closing price.
Stock Fundamentals for SERV
Current profitability levels for the company are sitting at:
- -18.84 for the present operating margin
- -0.09 for the gross margin
The net margin for Serve Robotics Inc stands at -22.74. The total capital return value is set at -1.0. Equity return is now at value -1043.99, with -172.75 for asset returns.
Based on Serve Robotics Inc (SERV), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at -6.82. The debt to equity ratio resting at 0.1. The interest coverage ratio of the stock is -8.65.
Currently, EBITDA for the company is -17.39 million with net debt to EBITDA at 0.88. When we switch over and look at the enterprise to sales, we see a ratio of 226.65. The receivables turnover for the company is 16.32for trailing twelve months and the total asset turnover is 0.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 7.19.
Conclusion
In conclusion, Serve Robotics Inc (SERV) has had a mixed 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.
