The stock price of Serve Robotics Inc (NASDAQ: SERV) has plunged by -0.13 when compared to previous closing price of 8.00, but the company has seen a -14.55% decline in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-18 that SAN FRANCISCO, Nov. 18, 2024 (GLOBE NEWSWIRE) — Serve Robotics Inc. (“Serve”) (Nasdaq: SERV), a leading autonomous sidewalk delivery company, today announced the appointment of former Postmates and GM executive Anthony Armenta as Chief Software and Data Officer. In the newly created role, Armenta will lead the development and strengthening of Serve’s software, AI, and autonomy stack, enhancing the robots’ reliability, performance, and ability to scale nation-wide.
Is It Worth Investing in Serve Robotics Inc (NASDAQ: SERV) Right Now?
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.”
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The public float for SERV is 26.67M, and at present, short sellers hold a 11.92% of that float. The average trading volume of SERV on November 18, 2024 was 5.44M shares.
SERV’s Market Performance
The stock of Serve Robotics Inc (SERV) has seen a -14.55% decrease in the past week, with a -14.64% drop in the past month, and a -28.85% fall in the past quarter. The volatility ratio for the week is 8.02%, and the volatility levels for the past 30 days are at 10.86% for SERV. The simple moving average for the past 20 days is -16.95% for SERV’s stock, with a 18.67% simple moving average for the past 200 days.
Analysts’ Opinion of SERV
Many brokerage firms have already submitted their reports for SERV stocks, with Ladenburg Thalmann repeating the rating for SERV by listing it as a “Buy.” The predicted price for SERV in the upcoming period, according to Ladenburg Thalmann is $16 based on the research report published on October 28, 2024 of the current year 2024.
Northland Capital, on the other hand, stated in their research note that they expect to see SERV reach a price target of $16. The rating they have provided for SERV stocks is “Outperform” according to the report published on October 18th, 2024.
Seaport Research Partners gave a rating of “Buy” to SERV, setting the target price at $12 in the report published on October 07th of the current year.
SERV Trading at -9.77% 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 -78.41% of loss for the given period.
Volatility was left at 10.86%, however, over the last 30 days, the volatility rate increased by 8.02%, as shares sank -22.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.71% upper at present.
During the last 5 trading sessions, SERV fell by -16.06%, in comparison to the 20-day moving average, which settled at $9.61. In addition, Serve Robotics Inc saw -68.04% 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 Jordan James Buckly, who sale 140,231 shares at the price of $8.74 back on Nov 12 ’24. After this action, Jordan James Buckly now owns 518,804 shares of Serve Robotics Inc, valued at $1,225,310 using the latest closing price.
Jordan James Buckly, the Director of Serve Robotics Inc, sale 3,872 shares at $8.40 during a trade that took place back on Nov 13 ’24, which means that Jordan James Buckly is holding 514,932 shares at $32,535 based on the most recent closing price.
Stock Fundamentals for SERV
Current profitability levels for the company are sitting at:
- -18.76 for the present operating margin
- 0.13 for the gross margin
The net margin for Serve Robotics Inc stands at -20.8. The total capital return value is set at -0.56. Equity return is now at value -112.87, with -94.47 for asset returns.
Currently, EBITDA for the company is -20.69 million with net debt to EBITDA at 1.58. When we switch over and look at the enterprise to sales, we see a ratio of 184.65. The receivables turnover for the company is 8.7for trailing twelve months and the total asset turnover is 0.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 10.65.
Conclusion
In summary, Serve Robotics Inc (SERV) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as 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.
